Pantera Capital CEO predicts that Bitcoin will reach the peak of its bull market cycle in August 2025

ChainCatcher news, Pantera Capital CEO Dan Morehead predicted on 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's price movements have consistently followed a four-year halving cycle, with the effects of the halving event typically starting to manifest about 400 days before it occurs and peaking around 480 days later. Morehead stated that the market environment in 2025 will be very favorable, benefiting not only from the halving effect but also supported by political and macroeconomic factors.