Odaily Planet Daily News Pantera Capital CEO Dan Morehead predicted on the Bankless podcast that the current cryptocurrency market bull cycle will peak in August 2025. Morehead explained that Bitcoin's price movements have consistently followed a four-year halving cycle. Historically, Bitcoin's price has seen significant increases around these events, with the last halving occurring in April 2024. Based on historical trends, Morehead predicts that Bitcoin will reach a cycle peak in August 2025. He emphasized that, although the market conditions are milder compared to previous cycles, the upcoming rebound still looks promising. He stated, 'The outlook for 2025 is very optimistic, not only because of the halving event but also because political and macroeconomic factors align with the development of cryptocurrencies.' Morehead's target price for the Bitcoin peak is $117,000, an 18% increase from the current price. He added that historical data shows the effects of the halving begin about 400 days prior, with the peak occurring roughly 480 days later. Back in 2022, when Bitcoin was trading at $17,000, Pantera Capital correctly predicted that Bitcoin would reach $28,000 at the time of the halving, and Morehead is now very confident in his prediction that Bitcoin will reach $117,000 by August 2025. (Cryptodnes)

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