Global investment firm VanEck has maintained its ambitious $180,000 price prediction for Bitcoin, anticipating this milestone to be reached at the peak of the current market cycle.
Early Stages of Bitcoin Bull Run
In a report dated November 21, VanEck’s digital asset analysts, Nathan Frankovitz and Matthew Sigel, expressed optimism about Bitcoin’s bull run. They emphasized that the next phase of growth is “just beginning,” supported by a favorable U.S. regulatory landscape and increasing institutional involvement. These factors, according to the analysts, could drive Bitcoin to $180,000 within 18 months.
Renewed Optimism Post Trump Re-Election Fuels Price Surge
VanEck’s report linked Bitcoin’s recent surge—reaching $99,800 within 24 hours—to optimism following Donald Trump’s re-election. At present, Bitcoin trades at $98,500, narrowly missing the $100,000 milestone by 1.5%.
Key Indicators Signal Short-Term Momentum
As of November 11, Bitcoin entered a new phase characterized by funding rates on perpetual futures contracts exceeding 10%. Historically, such metrics have signaled robust short- to medium-term momentum, often driving 30- to 90-day returns. However, the report warned that extended high funding rates might reduce long-term profitability, with purchases in these periods underperforming over one- and two-year timelines.
Market Sentiment Points to $100,000 and Beyond
The market remains optimistic, with several analysts forecasting Bitcoin surpassing $100,000 by the year’s end. Some even predict this milestone could be achieved within days if the current momentum persists. VanEck’s Matthew Sigel highlighted Bitcoin’s current “blue sky territory,” where no technical resistance exists. He anticipates repeated all-time highs over the next two quarters.
VanEck’s $180,000 Target: A Conservative Cycle Prediction
VanEck’s $180,000 prediction represents a tenfold increase from Bitcoin’s cycle low, marking the smallest percentage rally compared to previous cycles. Despite this, Sigel noted strong indicators suggesting the bull run is far from over.
“Our target is $180,000. We think this could be achieved next year,” Sigel stated. Metrics monitored by VanEck, including growing public interest in Bitcoin, continue to signal a bullish trend. Google searches for “Bitcoin,” while below their 2021 peak, have nearly tripled since early November, further validating market enthusiasm.
Bitget’s Ryan Lee Forecasts $150K Bitcoin Potential
Ryan Lee, Chief Analyst at Bitget Research, attributed Bitcoin’s rise past $93,000 to significant inflows from traditional funds via Bitcoin ETFs. Lee highlighted the narrative of Bitcoin potentially being adopted as a U.S. reserve asset, a notion supported by President-elect Trump during the Nashville Bitcoin Conference. Such adoption, Lee argued, could inspire other nations to follow suit, resulting in hundreds of billions in net inflows and propelling Bitcoin to unprecedented heights.
Short- and Long-Term Price Projections
Lee projected a Bitcoin price range of $82,000 to $110,000 in the short term and $73,000 to $150,000 over six months. He emphasized the importance of monitoring funding rates, suggesting that an annualized rate above 50% could indicate a potential market correction.
Potential for Short Liquidations
Lee also noted that if Bitcoin surpasses $94,000, it could trigger $1 billion in short liquidations, further accelerating price momentum. Policies on cryptocurrency regulation expected next year could provide additional support, potentially driving Bitcoin toward these ambitious targets.
Conclusion
As market optimism builds, analysts like VanEck and Bitget’s Ryan Lee continue to outline bullish scenarios for Bitcoin. With predictions ranging from $150,000 to $180,000, Bitcoin’s potential for growth remains firmly in the spotlight
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