According to TechFlow, Pantera Capital CEO Dan Morehead predicted in the Bankless podcast that Bitcoin will reach the peak of a new bull market cycle in August 2025, with a target price of $117,000.
Morehead pointed out that Bitcoin price movements follow a four-year halving cycle, with the impact of the halving event usually beginning to appear 400 days before it occurs and reaching a peak about 480 days later.
Morehead said that the market environment in 2025 will be very favorable, not only benefiting from the halving effect, but also supported by political and macroeconomic factors.
