Bitcoin

April

Base

Spot

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/bitcoin/bitcoin-halving-prediction-2024-pantera-capital-predicts-btc-price-to-hit-135k/">Bitcoin Halving Prediction 2024: Pantera Capital Predicts BTC Price To Hit $135K</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Pantera Capital, a blockchain investment firm, has boldly predicted that Bitcoin’s price could reach $135,000 after its next halving event. As per the current status, the recent week was tough for Bitcoin, as its price dropped to $26,000, causing significant liquidations in the crypto market.&nbsp;</p> 
<p>According to the Sentiments report, the market is in a bearish mode, as there’s a lack of interest from investors in “buying the dip”. In such a scenario, what’s fueling the bullish outlook and what is the reason bitcoin will pump before halving to $35K, Where experts are calling for a lower range of $20K? Let’s dive into the factors leading to the surge.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="fr" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Selon Pantera Capital, si l'histoire devait se répéter, le <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> atteindrait 35 000 $ avant le prochain Halving pour atteindre 148 000 $ après.<br><br>Le prochain halving devrait avoir lieu le 20 avril 2024.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5de.png" alt="🗞" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/TmiVsTiIS2" rel="noopener noreferrer nofollow">https://t.co/TmiVsTiIS2</a> <a href="https://t.co/rsm2T6uobh" rel="noopener noreferrer nofollow">pic.twitter.com/rsm2T6uobh</a></p>— Crypto Base (@CryptoBase360) <a href="https://twitter.com/CryptoBase360/status/1694694601813033245?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 24, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<h2 id="history-may-repeat-for-btc-is-35k-realistic" data-name="history-may-repeat-for-btc-is-35k-realistic" class="wp-block-heading"><strong>History May Repeat for BTC? Is $35K Realistic?&nbsp;</strong></h2> 
<p>Pantera’s <a href="https://twitter.com/WuBlockchain/status/1694602022203613560" rel="noopener noreferrer nofollow">predictions</a> have always been backed by historical trends, as per the firm Bitcoin possibly rise to $35,000 before halving and potentially soar to $148,000.&nbsp;</p> 
<p>The sentiments are real and they transpired the fact due to favorable XRP ruling and from major financial players like BlackRock. Also, recent Etherium-based ETF approval made it more a obvious choice for investors as a long-term asset. Not only that bitcoin is also favoured by the regulatory firms with lesser scrutiny on the king crypto all eyes are set on Bitcoin Spot ETF Approval.&nbsp;</p> 
<h2 id="understanding-why-btc-will-pump-if-this-happens" data-name="understanding-why-btc-will-pump-if-this-happens" class="wp-block-heading"><strong>Understanding Why BTC will Pump if this happens?&nbsp;</strong></h2> 
<p>Giving a wide glance at Bitcoin’s past innings, the prices were highly volatile it heavily fluctuated</p> 
<p>fluctuating between $16,344 and $30,468. While August 2023 saw the BTC coming down to its resistance level of $30K and dropping around $29,044. The cryptocurrency faced ups and downs, including a dip to $16,344 in November 2022 and a recovery to $30,466 in April 2023. Since BTC has the capacity to fluctuate on a higher trajectory it won’t be difficult to touch a mark of $35K before halving if external factors support the king crypto.&nbsp;</p> 
<p>On bearish sentiment, one Twitter user said that it can never reach that height.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Bitcoin has yet to even break back though $40k or even $69k highs.<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f602.png" alt="😂" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f923.png" alt="🤣" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>When Bitcoin can lose -10% in a day for no reason, it'll never reach $148k. <a href="https://t.co/ga7SM77Bng" rel="noopener noreferrer nofollow">pic.twitter.com/ga7SM77Bng</a></p>— Alby (@albyva) <a href="https://twitter.com/albyva/status/1694698325402911147?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 24, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<h2 id="what-to-expect-in-halving" data-name="what-to-expect-in-halving" class="wp-block-heading"><strong>What to Expect in Halving?&nbsp;</strong></h2> 
<p>It is notable that, Bitcoin halvings, which occur approximately every four years, historically trigger positive price movements. These events reduce the reward for mining new coins, leading to a scarcity that often results in price surges. The recent positive ruling for XRP’s non-security status and endorsements from institutional investors like BlackRock contribute to a promising environment for a potential bull market in digital assets.</p> 
<p>However, it’s important to approach Pantera’s optimistic prediction with caution. The crypto market is extremely volatile and influenced by various factors, including regulations and economic conditions. Past performance does not guarantee future outcomes.</p>

Bitcoin Halving Prediction 2024: Pantera Capital Predicts BTC Price To Hit $135K

Table of Contents

CoinPedia News

Other articles published on Aug 24, 2023

FTX Seeks Galaxy Digital to Sell Remaining Crypto Holdings

"Enter the World of Visual Magic: Embark on a 3D Slot Adventure with Bitpaid's Slots 3D!"

WEWE Global: Crypto Digital Entrepreneurship Worldwide

GM Stock Prediction: Is It Time to Buy or Sell General Motors?

Bitcoin is firmly on course in its bull market

Sultanate of Oman to Invest $1.1 Billion in Bitcoin Mining!

Join our free newsletter for daily crypto updates!