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Pantera Capital: BTC will be worth $117,000 by August 2025. Analysts at Pantera Capital believe that Bitcoin (BTC) will reach an impressive $117,000 by August 2025. This forecast is based on historical data from the BTC halving, an event in which the reward for mining a block on the network is halved. BTC price forecast from Pantera Capital A recent report from Pantera Capital noted that post-halving periods traditionally feature significant rallies. Based on this trend, analysts forecast a strong 4.2x growth by the end of August 2025, 480 days after the halving. According to their calculations, the price of the main cryptocurrency will reach $117,482. Pantera also pointed out Bitcoin's current trajectory, which includes a triple top pattern. "A pattern has formed on the chart, which we often call a triple top. BTC/USD is currently experiencing a corrective recovery. However, breaking the resistance level of $63,000 remains the main challenge and goal. The greatest volatility occurs after the breakout," the analysts noted in the report. Bitcoin price rally after halvings. Source: Pantera Capital However, Pantera remains confident in the results of the calculations. Let us remember that earlier the company successfully predicted the fall of BTC to $17,000.

Pantera Capital: BTC will be worth $117,000 by August 2025.

Analysts at Pantera Capital believe that Bitcoin (BTC) will reach an impressive $117,000 by August 2025.

This forecast is based on historical data from the BTC halving, an event in which the reward for mining a block on the network is halved.

BTC price forecast from Pantera Capital A recent report from Pantera Capital noted that post-halving periods traditionally feature significant rallies. Based on this trend, analysts forecast a strong 4.2x growth by the end of August 2025, 480 days after the halving. According to their calculations, the price of the main cryptocurrency will reach $117,482.

Pantera also pointed out Bitcoin's current trajectory, which includes a triple top pattern.

"A pattern has formed on the chart, which we often call a triple top. BTC/USD is currently experiencing a corrective recovery. However, breaking the resistance level of $63,000 remains the main challenge and goal. The greatest volatility occurs after the breakout," the analysts noted in the report.

Bitcoin price rally after halvings. Source: Pantera Capital

However, Pantera remains confident in the results of the calculations. Let us remember that earlier the company successfully predicted the fall of BTC to $17,000.

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Ripple CLO Compares SEC to Kafka's 'The Trial' as XRP Case Saga Continues. In the ongoing legal saga between Ripple and the SEC, the crypto company's chief legal officer, Stuart Alderoty, drew a striking parallel between the regulator's handling of the case and Franz Kafka's renowned novel, "The Trial." Alderoty's comparison underscores. Ripple's contention that it has been unfairly treated by the regulatory body throughout the investigation and Wells Notice process. Some argue that this case is emblematic of a broader trend, with other cryptocurrency firms, such as Robinhood or Coinbase, experiencing similar challenges in navigating the SEC's inconsistent feedback. Ripple v. SEC v. XRP. As of now, the SEC continues to pursue remedies against the San Francisco-based blockchain company, amounting to nearly $2 billion for selling XRP to institutional investors. In response to the SEC's motion for judgment and remedies, Ripple has filed to seal certain documents, citing concerns that their disclosure could cause significant harm to its business interests. The requested redactions include highly confidential information regarding earnings, revenues, expenses and discounts at which XRP was sold to institutions. While Ripple acknowledges the relevance of its discounts to institutional buyers, it refuses to disclose specific financial and pricing terms. Moreover, Ripple seeks to protect the identities of nonparty financial institutions, customers and employees, arguing that disclosure could be detrimental to their legitimate privacy interests and potentially damage business partnerships. Despite the SEC's request for over $2 billion in fines and penalties, Ripple contends that any civil penalty should not exceed $10 million.
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Charts Look 'Scary Bullish for Bitcoin': Dan Tapiero. Cofounder of Gold Bullion International and 10T Holdings Dan Tapiero has taken to his official account on the X platform to share a bullish Bitcoin price prediction. He tweeted that the setup on the charts is beginning to look "scary bullish for Bitcoin." "Scary bullish for Bitcoin". Sharing two Bitcoin charts in his tweet, Tapiero stated that these are "starting to look scary bullish for Bitcoin." In the near future, the investor expects the world's flagship cryptocurrency to break above the $65,000 level and then head on to $90,000, and then even higher. Tapiero tweeted that the current sideways consolidation is nearly done, adding that markets always have some surprises in stock for traders and investors. He has not been able to detect any specific catalyst that will lead the Bitcoin bull run, but he does not think it is important in this case "Specific catalyst unclear but it doesn't matter." Over the past 24 hours, the world's primary cryptocurrency has gone down by 3.18%. This plunge was followed by growth of 1.29%. Bitcoin is currently changing hands at $61,950. Overall, since BTC lost the $65,000 level on May 6, it has been striving to recover it and has twice already attempted to break through the $63,300 zone - but to no avail so far. Bitcoin is expected by many to skyrocket later this year or in 2025 after the fundamental event for BTC that happened in April - the halving. It reduced the block reward size to 3.125 BTC and, historically, Bitcoin has always skyrocketed after each of the three previous halvings. Another potential price catalyst is that spot ETFs continue to purchase Bitcoin en masse, having started their regular accumulation in January, when they were approved for trading by the SEC.
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Michael Saylor Ejects 'Bitcoin Money' Message Amid Market Dip. Amid a drop in the cryptocurrency market, Michael Saylor, MicroStrategy's chairman, has issued a rallying call to crypto holders. "Teleport your money to safety," Saylor wrote in a tweet while tagging Bitcoin. This metaphorical advice comes at a critical time when the market is experiencing significant volatility, and investors are seeking a haven for their digital assets. Michael Saylor's statement might not be about literal teleportation but rather a strategic move to safeguard investments. By using the term "teleport," Saylor emphasizes the speed and decisiveness required in taking action. His message might reflect the swift action needed to prevent potential losses during market downturns. At the time of writing, BTC has fallen 1.34% in the previous 24 hours to $61,931, matching the decrease in the cryptocurrency market ahead of key data releases. The cryptocurrency market dipped on Tuesday as investors anticipated fresh inflation data and Federal Reserve policymakers' statements, hoping for signals about the future path of monetary policy. The April producer price index, which monitors wholesale inflation, is due out on Tuesday. Dow Jones surveyed economists, who estimate that the PPI would climb 0.3% from last month. MicroStrategy has been a staunch supporter of Bitcoin, with Saylor leading the charge in advocating for the cryptocurrency as a reliable store of value. The company's strategy to hold Bitcoin through volatile times has been a testament to its belief in the long-term potential of digital currencies. That said, Saylor's message might extend beyond mere preservation of capital. His statement might remind readers that taking prompt and well-informed action is crucial in the face of uncertainty.
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