⭐⭐Van Eck: Bitcoin Price Could Reach $180,000 Within 18 Months! ⭐⭐
World-renowned investment management company Van Eck has once again confirmed its $180,000 price target for Bitcoin (BTC). The company's digital asset analysts Nathan Frankovitz and Matthe Sigel stated in their Bitcoin report dated November 21, 2024 that the cryptocurrency market is entering a new bull market.
Can Bitcoin Reach a New Peak? Is $100,000 Near?
According to analysts, the improvement of the regulatory environment in the US and the increasing interest of institutional investors will be critical factors in Bitcoin reaching the $180,000 target in the next 18 months.
Bitcoin, which has risen to $99,800 in the last 24 hours and is approaching an all-time high, is currently trading at $98,500. This development gives the impression that Bitcoin is close to exceeding $100,000, which is considered psychologically important.
Van Eck analysts emphasized that funding rates have also exceeded 10% along with Bitcoin's price increase. Although this situation provides strong momentum in the short and medium term, they warn that it can create a risky environment for investors in the long term.
According to historical data, while an increase is observed in Bitcoin's 30 to 90-day returns during periods when funding rates exceed 10%, it is also stated that purchases made during the same period may cause a decrease in returns in the 180-day period and beyond.
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