Pantera Capital projects an astonishing ascent for Bitcoin, estimating its value at $117,000 by August 2025. This price prediction hinges on historical data surrounding Bitcoin halvings — a phenomenon that halves the reward for mining a block on the network.In a recent report, Pantera Capital suggests that post-halving periods herald significant bull rallies. However, after the 2024 halving, Bitcoin suffered a price correction to $57,000. This pattern is typical of previous market cycles and predicts a potent bull run leading up to 2025.In 2023, Bitcoin dipped to $28,168, yet it experienced a 1.8x increase by 2024. Pantera Capital extrapolates from this trend a robust 4.2x climb by late August 2025, just 480 days post-halving, culminating near a striking $117,482. Another optimistic prediction suggests Bitcoin might climb as high as $155,000 by the same year.However, achieving these numbers requires overcoming substantial market resistance, particularly around $63,000. Pantera Capital points to Bitcoin’s current trajectory, which includes a “triple top pattern.” The analysts also foresee continued volatility as an indicator of the challenges ahead.“A pattern has formed that we often call the triple top pattern. BTC/USD is currently experiencing a corrective recovery. However, breaking through the $63,000 resistance level remains a challenge and goal. The greatest volatility occurs after a breakout,” the report noted.Read more: Bitcoin Price Prediction 2024 / 2025 / 2030Nevertheless, the firm’s analysis remains steadfast, supported by successful past predictions, like when Bitcoin hit a market bottom of $17,000. DisclaimerIn adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.