Bitcoin’s Potential Value Highlighted by Pantera CEO: $120,000 Target Price
In a recent statement, the CEO of Pantera Capital, a leading firm in digital asset investments, has emphasized that Bitcoin’s true value could be significantly higher than its current market price. Here’s a closer look at his insights and the factors influencing Bitcoin’s potential growth.
Pantera CEO Valuation: Bitcoin Should Be Worth $120,000 Today
Dan Morehead, CEO of Pantera Capital, a firm known for its pioneering role in digital asset investments, has stated that Bitcoin should be trading above $120,000, potentially even surpassing $126,000, if recent political and regulatory developments were fully reflected in market prices. Currently, Bitcoin’s price has only increased by 24% since the last US presidential election. Morehead argues that significant political and regulatory developments should have driven Bitcoin’s price higher than current levels.
Bitcoin Price Still In Trouble—Why Recovery Remains Elusive
Bitcoin price started a recovery from the $81,200 zone but is now consolidating losses and facing hurdles NEAR the $83,500 resistance level. The price is trading below $83,200 and the 100 hourly Simple Moving Average (SMA). A connecting bearish trend line is forming with resistance at $83,500 on the hourly chart. If Bitcoin clears this zone, it could start another increase. The price extended losses below the $82,500 support zone and tested the $81,200 zone before forming a base and starting a recovery above the $82,200 resistance zone.
Bitcoin Advanced Sentiment Index Flags Strong Bullish Outlook
Bitcoin is trading at critical levels after a month of struggling to break above the $90,000 mark. Macroeconomic instability due to global trade tensions and erratic policy signals has increased volatility and left BTC stuck in a consolidation range. Recent price action has been choppy, with bulls attempting to hold key support levels while bears resist further upside. Despite the bearish sentiment, there are signs that the worst may be behind Bitcoin.
Crypto Options Traders Turn Bearish Ahead of $2.1B BTC Expiry
Around 26,000 Bitcoin options contracts, worth approximately $2.1 billion, are set to expire on Friday, April 4. This week’s expiry event is smaller than average and much less significant than last week’s end-of-month and end-of-quarter expiry. The put/call ratio stands at 1.27, indicating more bearish (short) contracts than bullish (long). The max pain point is $85,000. The impact on spot markets is expected to be minimal due to other market-moving events, such as the Trump administration’s tariff announcement. No mentions of other coins or exchanges in the article.
Bitcoin Enters Potential Bear Phase Amid On-Chain ‘Death Cross’
Bitcoin ($BTC) is reportedly going through a considerable momentum shift. As per the latest data from Glassnode, the trends of Bitcoin’s realized price are indicating a potential entry to a bearish phase as the overall momentum is decreasing. An on-chain analogue to the Death Cross has emerged, where the 30-day volume-weighted price of $BTC has crossed below the 180-day, signaling weakening momentum. Historically, this pattern preceded 3–6 months of bearish trends.
