TechFlow reported on December 26 that Pantera Capital CEO Dan Morehead predicted on the Bankless podcast that Bitcoin will reach the peak of its new bull cycle in August 2025, with a target price of $117,000. Morehead noted that Bitcoin's price movements have consistently followed the four-year halving cycle, with the effects of a halving typically starting to manifest around 400 days before the event and peaking approximately 480 days afterward. He stated that market conditions in 2025 will be highly favorable, benefiting not only from the halving effect but also from supportive political and macroeconomic factors.
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