BTC Price To Hit $148k After Bitcoin Halving: Pantera Capital
BTC Price To Hit $148k Post Bitcoin Halving? Pantera emphasizes the historical trend of increased demand leading up to halving events, driven by the anticipation of price hikes. Notably, the first halving reduced the new Bitcoin supply by 17% and had a profound impact on both supply and price. However, subsequent halvings’ influence on price might diminish due to diminishing reductions in new supply. advertisement With the next halving scheduled for April 20, 2024, Pantera’s Analysis suggests a possible price trajectory. If history replicates itself, Bitcoin could see a rise to $35k before the halving and a staggering leap to $148k post-halving. The concept of diminishing impact on price due to successive halvings is depicted in Pantera’s Analysis of supply reductions. Bitcoin price is trading at $26,353.86, at the time of writing. The Bitcoin halving, a pre-programmed event that reduces block rewards every four years, has historically been li...