VanEck Has Now Reiterated Its Ambitious Bitcoin Price Target Of $180,000

VanEck has now reiterated its ambitious Bitcoin price target of $180,000 for the current market cycle.

VanEck analysts Nathan Frankovitz and Matthew Sigel are optimistic that the next phase of the Bitcoin bull run is just starting.

In a recent report, they reaffirmed a bold price target of $180,000 for Bitcoin, predicting this could be reached at the peak of the current market cycle.

The analysts highlighted a more favorable regulatory landscape in the U.S. and increasing institutional interest as significant factors that could drive Bitcoin to this target within the next 18 months.

They also noted that Bitcoin’s recent rise to around $99,800 was fueled by renewed optimism following Donald Trump’s re-election.

Currently trading at $97,602.29, Bitcoin is close to breaking the $100,000 mark.

The report indicated that as of November 11, Bitcoin had entered a new phase characterized by high funding rates on perpetual futures, which historically suggest stronger short- to medium-term momentum.

However, they warned that sustained high funding rates could affect long-term profitability.

Market sentiment remains positive, with predictions that Bitcoin could exceed $100,000 by the end of the year.

Sigel described the current market as being in “blue sky territory,” where no technical resistance exists, and expects Bitcoin to set new all-time highs in the coming quarters.

VanEck’s target of $180,000 reflects a significant increase from the cycle’s low and is based on indicators suggesting ongoing momentum.

Interest in Bitcoin, as evidenced by rising search volumes and app downloads, further indicates growing public enthusiasm.

Meanwhile, Ryan Lee from Bitget Research noted that Bitcoin’s recent surge is driven by substantial investments from traditional funds through Bitcoin ETFs.

He mentioned the potential for Bitcoin to be adopted as a U.S. reserve asset, which could trigger large inflows from other countries.

Lee projected a short-term price range for Bitcoin between $82,000 and $110,000, with a longer-term range of $73,000 to $150,000.

He emphasized the importance of monitoring funding rates, as extreme rates could indicate potential market adjustments.

He noted that a breakout above $94,000 could lead to significant short liquidations, further boosting Bitcoin’s price.

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Also Read: Analysis Now Suggests Bitcoin Could Aim For A Target Of $137,000

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