{"id":83532,"date":"2023-08-24T15:20:02","date_gmt":"2023-08-24T12:20:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83532"},"modified":"2025-09-12T11:40:40","modified_gmt":"2025-09-12T08:40:40","slug":"pantera-capital-bitcoin-to-reach-147800-after-halving","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pantera-capital-bitcoin-to-reach-147800-after-halving\/","title":{"rendered":"Pantera Capital: Bitcoin to reach $147,800 after halving"},"content":{"rendered":"

On the eve of the expected halving<\/a> in April 2024, digital gold could rise to $35,448 and then enter a rally to $147,843. Such forecasts presented<\/a> by Pantera Capital analysts.<\/p>\n

\n
\\\"image-550\\\"
Data: Pantera Capital.<\/figcaption><\/figure>\n<\/div>\n

The figures were derived from the Stock-to-Flow metric. The model forecasts Bitcoin’s price based on the stock-to-production ratio (SF).<\/p>\n

The halving has historically been associated with price increases for the premier cryptocurrency due to its influence on the stock-to-production ratio.<\/p>\n

According to the cycles, Bitcoin’s price should have bottomed on December 30, 2022. In fact, this occurred almost two months earlier, amid the FTX collapse<\/a>.<\/p>\n

\n

“The last episode in 2020 reduced the supply of new coins by 43% relative to the previous event. \u2026 If history repeats itself, at the next halving the price would rise to $35,000 on the eve and $148,000 after the mining reward is halved,”<\/em> \u2014 the analysts calculated.<\/p>\n<\/blockquote>\n

The current price is about 7% above the model, they added.<\/p>\n

Pantera Capital noted that Bitcoin has endured the longest period of negative annual returns in its history\u201415 months (from February 2022 to June 2023).<\/p>\n

\n
\\\"image-551\\\"
Data: Pantera Capital.<\/figcaption><\/figure>\n<\/div>\n
\n

“We believe the markets have fallen enough. We expect a rally into the New Year with a subsequent acceleration after the halving,”<\/em> \u2014 the experts forecast.<\/p>\n<\/blockquote>\n

According to the analysts, the recent court ruling on XRP<\/a> and BlackRock<\/a>‘s application to launch a Bitcoin-ETF<\/a> will also provide \\”a strong foundation for the next bull market in digital assets.\\”<\/p>\n

Earlier, trader and analyst Micha\u00ebl van de Poppe forecast a rise to $50,000<\/a> in the run-up to the halving.<\/p>\n

On December 12, 2022, BitMEX founder Arthur Hayes stated<\/a> that Bitcoin had bottomed, and five months later forecasted<\/a> a new rally for 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

On the eve of the expected April 2024 halving, digital gold could rise to $35,448 and then enter a rally to $147,843. Such forecasts were presented by Pantera Capital analysts.<\/p>\n","protected":false},"author":1,"featured_media":83533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,160,1138,1296],"class_list":["post-83532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-halving","tag-opinions","tag-pantera-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=83532"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83532\/revisions"}],"predecessor-version":[{"id":83534,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83532\/revisions\/83534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83533"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}