Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

Quick take:

  • Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. 
  • Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. 
  • His analysis is based on the change in the stock-to-flow ratio across each halving. 

The hype and excitement surrounding the Bitcoin halving event is once again evident in the current price of BTC. At the time of writing this, Bitcoin has just broken both the $9,000 and $9,100 resistance levels and is trading at $9,261 with 5 days until halving. A brief analysis of the BTC/USDT 6-hour chart reveals that there is renewed buying interest as we draw closer to the estimated halving date of May 12th.

6-Hour BTC/USDT chart courtesy of Tradingview.

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