Bitcoin: The next halving will push BTC to 148k according to Pantera, here is the timing

A very positive medium-term prognosis for Bitcoin was published earlier this week by experts at Pantera Capital, who predicted that the value of the cryptocurrency might climb by about 5 times by 2025.

The experts used the possibility of forthcoming BTC network splits to support their forecast, claiming that examining Bitcoin's response to similar occurrences in the past implies a significant uptrend is still to come.

According to Pantera Capital, Bitcoin traditionally bottomed 477 days before the halving, soared before the halving, and then shot up afterward. "Post-halving rallies lasted an average of 480 days, from the halving to the top of the next bull cycle," the experts continued.

The lows by the end of 2022, however, would indicate that bitcoin has already bottomed out. Additionally, according to Pantera's calculations, "if history were to repeat itself," Bitcoin should reach a high of $35,000 prior to the halving and then fly to $148,000 during the subsequent surge.

Remember that the payout for bitcoin miners is cut in half during the halving, which occurs every four years for bitcoin. Due to the fact that they are paid in "newly issued" bitcoins, the halvings limit the rate at which the quantity of bitcoin is growing, which should, in theory, have a mechanically bullish effect on the price.

Therefore, miner payouts will climb from 6.25 bitcoins each block to 3,125 bitcoins in the subsequent halving expected for April 2024.

Finally, it should be mentioned that even while bitcoin is still up more than 57% from the start of the year, the price of the cryptocurrency has fallen sharply in recent weeks. In fact, following recent lows around $25,000 and a yearly high above $32,000 on July 14, BTC/USD is presently trading at $26,000.

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