Global investment manager VanEck has confirmed Bitcoin’s ambitious $180,000 price target , forecasting this milestone at the top of the ongoing market cycle. In a report published on November 21, VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel expressed their belief that the next phase of Bitcoin’s bull market is “just beginning.”
The report noted an increasingly favorable regulatory environment in the U.S. and growing institutional interest as key factors that could push Bitcoin to $180,000 in the next 18 months.
Analysts also attributed Bitcoin’s recent price rise to renewed optimism following the re-election of Donald Trump. At the time of this writing, Bitcoin is trading at $98,500, just 1.5% below crossing the $100,000 mark.
VanEck analysts noted that since November 11, Bitcoin has entered a new phase characterized by elevated perpetual futures funding rates exceeding 10%.
Historically, such conditions have signaled stronger short-term and medium-term momentum, with increased bullish sentiment driving returns over a 30- to 90-day period.
However, they cautioned that prolonged high financing rates could limit long-term returns, and purchases during these periods tend to underperform over one- and two-year horizons.
The market mood remains upbeat, with several analysts predicting that Bitcoin will surpass $100,000 by the end of the year. Some even suggest that this milestone could be reached within a week, given the current momentum.
Last week, Matthew Sigel, head of digital asset research at VanEck, said that Bitcoin is now in “blue sky territory” where no technical resistance stands in its way. He expects the leading cryptocurrency to reach repeated all-time highs in the next two quarters.
VanEck’s target of $180,000 reflects a tenfold increase from the low point of the cycle, marking Bitcoin’s smallest increase in terms of percentage gains compared to previous cycles.
However, Siegel pointed to indicators suggesting that the dynamic is far from over. “Our target is $180,000. We think we can reach that level next year.” – He said, adding that indicators tracked by VanEck “continue to flash green.”
Interest in Bitcoin searches and app downloads also indicates growing public enthusiasm. While search volumes for “Bitcoin” on Google remain below the 2021 peak, they have nearly tripled since the beginning of November.
