Pantera Capital released its price prediction for Bitcoin in the latest Pantera Fund V launch letter, forecasting that the price of Bitcoin will reach $117,000 in August 2025. The letter stated that in the blockchain newsletter released in November 2022, they updated their analysis of the impact of BTC price since the halving in 2013, ultimately predicting that BTC will rise to $117,000 in August 2025. It also mentioned that the rebound before and after the previous halving had almost the same average duration. There is similarity between the cycles, as the rebound before the halving in 2024 lasted for 515 days, only one day longer than the 514 days before the halving in 2020. Based on this model, Pantera's Bitcoin fund has almost doubled on average over the past 11 years.

Market Analysis:

BTC: On the 4-hour chart, the price continues to stay near the lower Bollinger Band, showing a weaker trend.

On the daily chart, the price has broken below the moving average support, indicating a weaker trend.

In summary, the support level is at 60700, and the resistance level is at 61100.

ETH: On the 4-hour chart, the price continues to stay near the lower Bollinger Band, showing a weaker trend, with support at 2960 and resistance at 2980.

LTC: The price continues to stay near the middle Bollinger Band, showing a fluctuating trend, with support at 81 and resistance at 83.

BCH: The price continues to stay near the lower Bollinger Band, showing a weaker trend, with support at 440 and resistance at 460.

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