Global investment manager VanEck has reaffirmed its $180,000 price target for BTC at the current cycle’s peak. In their latest Bitcoin report, VanEck’s digital asset analysts, Nathan Frankovitz and Matthe Sigel, shared that they believe the next phase of the crypto bull market is just about to start.
Experts believe Bitcoin could rise to $180,000 within the next 18 months, thanks to a more crypto-friendly regulatory landscape in the U.S. and growing interest from institutional investors. Many market analysts also pointed to Trump’s election victory as a key factor behind Bitcoin’s recent surge, with the cryptocurrency hitting an all-time high of $99,800 in the past 24 hours.
Bitcoin set to surpass $100K, experts forecast
At the time of writing, Bitcoin is at $98,500, just 1.5% shy of hitting the historic $100,000 mark, according to TradingView. In addition, analysts noted that as of Nov. 11, Bitcoin entered a “new phase,” with funding rates on perpetual futures contracts soaring past 10%. They said:
This shift points toward stronger short- to medium-term momentum, as historically, elevated funding rates have been linked to higher 30 to 90-day returns, reflecting heightened bullish sentiment and demand.
However, they noted that when funding rates stay high, the market moves into a phase where long-term investments spanning one to two years start to lose their appeal. Historically, investments made when funding rates exceeded 10% began to show weaker performance after six months, with the trend worsening over one, and two-year periods.
Moreover, several analysts predict that Bitcoin could hit $100,000 or even higher by the end of the year. However, with the current market momentum, some believe Bitcoin might cross the $100,000 mark as early as next week.
