Capital Panther: Bitcoin will grow in price with $36 000 to $149 000 – Bits Media

Pantera Capital’s cryptocurrency fund leaders, that the reduction in the cost of bitcoin will double the bull rally, And this will happen at the beginning 2024 of the year.

CEO of Pantera Capital Dan Morhead (Dan Morehead) and other leaders think, that the price of bitcoin, probably, will fall to a minimum in November and gain momentum on the eve of the next halving:

"Bitcoin historically reached the bottom in 477 days, and then went up. The rally after halving lasted on average 480 days from halving to the peak of the next bull cycle. The story is repeated: The price of bitcoin will fall greatly to 30 November 2022 of the year. Then we will see the rally at the beginning of 2024, and then a strong rally after halving ".

Pantera Capital predicts, that the price of the first cryptocurrency will increase to $36 000 on the eve of the next halving, which the, as expected, will happen in March 2024 of the year, And then he will continue to grow until the historical maximum in $149 000 dollars.

«Halving 2020 years reduced the offer of new bitcoins on 43% Compared to the previous reduction in the remuneration of miners. This is on 23% more affected the price. Expected, that the next reduction will double 22 Martha 2024 of the year. Since most bitcoins are now in circulation, Each reduction will half will be almost half a reduction in a new sentence. If the story is repeated, then at the next drop in the price of BTC will increase to $36 000 Before reduction and to $149 000 after", - believes the general director of Pantera Capital.

Bitcoin has not yet recovered from the crisis in the crypto carp, related to the default ftx, And day on Wednesday, 16 November, trading at $ 16,740.