Bitcoin briefly climbed to 96,677 USD before declining to 94,503 USD. Despite this fluctuation, analysts forecast a range between 110,000 USD to 117,000 USD soon, reflecting both a reactive market and ongoing investor Optimism for future growth.
The last halving took place in April 2024, cutting miner rewards. Historically, such events lead to price booms 480 days afterward. Dan Morehead from Pantera Capital expects Bitcoin might hit 117,000 USD by August 2025, leveraging these cyclical market behaviors.
Matt Hougan of Bitwise and Perianne Boring highlight potential political influences. Trump’s national Bitcoin reserve initiative could propel prices to 500,000 USD or even 800,000 USD, signaling bullish sentiment but also stressing market reaction to policy developments.