According to analysts at Pantera Capital, the BTC price could rise to $35,448 on the eve of the halving scheduled for April 2024 and then enter rally mode to $147,843.
The firm’s experts have reached this conclusion based on the Stock-to-Flow metric, a model that predicts the value of Bitcoin based on the ratio of stock to production.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
Halving is historically associated with higher prices for BTC due to its impact on the ratio of stocks to production.
According to the cycles, the Bitcoin price was supposed to bottom last December 30. In fact, it happened almost two months earlier amid the collapse of crypto exchange FTX.
The company’s experts have said:
“The 2020 halving reduced the supply of new bitcoins by 43% relative to the previous halving. It had a 23% as big an impact on price. […] If history were to repeat itself, the next halving would see bitcoin rising to $35k before the halving and $148k after.”
Источник: ru.ihodl.com