VanEck Reaffirms Bold $180K Bitcoin Price Target for Current Cycle

Global investment manager VanEck has reaffirmed its ambitious $180,000 price target for Bitcoin, forecasting this milestone at the peak of the ongoing market cycle.

In a report published on November 21, VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel expressed confidence that the next phase of the Bitcoin bull run is “just beginning.”

The report noted an increasingly favorable regulatory environment in the U.S. and rising institutional interest as key drivers that could propel Bitcoin to $180,000 within the next 18 months.

Bitcoin to Surge Amid Renewed Optimism Following Trump’s Re-Election

The analysts also attributed Bitcoin’s recent price surge—reaching $99,800 in the last 24 hours—to renewed optimism following Donald Trump’s re-election.

At the time of writing, Bitcoin is trading at $98,500, just 1.5% shy of breaking the $100,000 mark.

VanEck’s analysts noted that as of November 11, Bitcoin had entered a new phase marked by elevated funding rates on perpetual futures contracts exceeding 10%.

Historically, such conditions have signaled stronger short- to medium-term momentum, with heightened bullish sentiment driving 30- to 90-day returns.

However, they cautioned that prolonged high funding rates might limit long-term profitability, with purchases during these periods typically underperforming over one- and two-year horizons.

Market sentiment remains optimistic, with several analysts predicting Bitcoin will surpass $100,000 by year-end.

Some even suggest this milestone could be reached within the week, given current momentum.

Last week, Matthew Sigel, VanEck’s head of digital assets research, said that Bitcoin is now in “blue sky territory,” where no technical resistance stands in its way.

He expects the leading cryptocurrency to achieve repeated all-time highs over the next two quarters.

VanEck’s $180,000 target reflects a tenfold increase from the cycle’s lowest point, marking the smallest Bitcoin rally in terms of percentage gains compared to previous cycles.

However, Sigel pointed to indicators suggesting the momentum is far from over.

“Our target is $180,000. We think we could reach that next year,” he said, adding that metrics tracked by VanEck “are still flashing green.”

Search interest in Bitcoin and app downloads also indicate growing public enthusiasm.

While Google search volumes for “Bitcoin” remain below their 2021 peak, they have nearly tripled since early November.

Bitget’s Ryan Lee Projects $150K Bitcoin

Bitcoin’s recent surge past $93,000 is fueled by substantial inflows from traditional funds through Bitcoin ETFs, according to Ryan Lee, Chief Analyst at Bitget Research.

In a statement, Lee said a major factor in the growing Bitcoin ETF inflows is the narrative of Bitcoin potentially being adopted as a U.S. reserve asset, a possibility hinted at by President-elect Trump at the Nashville Bitcoin Conference.

“Should Bitcoin become a U.S. reserve asset, it could lead to similar moves by other countries, triggering net inflows amounting to hundreds of billions of dollars and pushing BTC to new heights,” he said.

Lee also noted a projected Bitcoin price range of $82,000 to $110,000 in the short term and $73,000 to $150,000 over six months.

Policies on cryptocurrency regulation expected next year could provide additional market support.

“Key indicators to monitor include the funding rate: if the funding rate for long positions in contracts exceeds an annualized 50%, or 0.05% per 8 hours, it could signal a potential adjustment,” he said.

Lee claimed that if Bitcoin breaches $94,000, it might trigger $1 billion in short liquidations, further accelerating price momentum.

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