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VanEck reiterates ambitious Bitcoin price target of $180,000

VanEck is optimistic about Bitcoin price: VanEck believes Bitcoin’s price could reach $180,000 in the current market cycle. Analysts Nathan Frankovitz and Matthew Sigel of VanEck note that the bull phase is starting. They base this prediction on a favorable legal environment and institutional interest.

Current Bitcoin growth: Bitcoin has increased to around $99,800 due to optimistic sentiment after Donald Trump’s re-election. Currently, Bitcoin trades near $97,602.29, about to break the $100,000 threshold. This indicates strong momentum in the short and medium term.

Bitget’s forecast for Bitcoin: Ryan Lee from Bitget forecasts Bitcoin’s short-term price to range between $82,000 and $110,000, and long-term between $73,000 and $150,000. He notes that a breakthrough could lead to significant short position liquidation, boosting the price.

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