Global investment manager VanEck reaffirmed its $180,000 Bitcoin price target for the current market cycle, forecasting it could reach this peak within 18 months. Analysts Nathan Frankovitz and Matthe Sigel highlighted growing institutional interest and a favorable U.S. regulatory environment as catalysts for Bitcoin’s continued rise.
VanEck’s Nov. 21 report emphasized that the bull market is “just beginning,” with Trump’s election victory cited as a major driver of Bitcoin’s surge to $99,800, just shy of the $100K milestone. Bitcoin currently trades at $98,500, according to TradingView data.The analysts also noted that as of Nov. 11, funding rates on Bitcoin perpetual futures exceeded 10%, a sign of strong momentum. While elevated funding rates have historically led to higher 30- to 90-day returns, VanEck cautioned that they also indicate early signs of market overheating.
Source: Cointelegraph
