Pantera Capital predicted the price of bitcoin (BTC) after halving

“We will see growth in early 2024 and then strong growth after halving,” the forecast notes.

“We will see growth in early 2024 and then strong growth after halving,” the forecast notes.

.
How the halving will affect BTC

The impact of each subsequent halving on the price is likely to diminish as the ratio of the reduction in the supply of new bitcoins from the previous halving to the next decreases. 

The 2016 halving, for example, reduced the supply of new BTC by only one-third compared to the first one. It had exactly one-third the impact on the price. Halving the supply of new bitcoins in 2020 is down 43% year-on-year. This had a 23% amplified impact on the price.

“If history repeats itself, bitcoin will rise to $35,000 before the halving and to $148,000 afterward in the next halving,” the analysts concluded.

“If history repeats itself, bitcoin will rise to $35,000 before the halving and to $148,000 afterward,” the analysts concluded.

.
Halving BTC is highly overvalued

But analysts at cryptocurrency exchange Coinbase believe that halving can hardly be considered a priori key to BTC pricing