According to TechFlow, on November 15, Matthew Sigel, head of digital asset research at VanEck, said on the CNBC Squawk Box program that the rise in Bitcoin prices could continue until 2025. Sigel expects the price target of Bitcoin in this bull market cycle to be $180,000. "We are now in the blue sky area of breaking through historical highs, with no technical resistance, and we expect to continue to set new highs in the next two quarters (March 31 and June 30, 2025)."
He noted that Bitcoin's price action after Trump's election was similar to that after Biden's election in 2020. Between November 6 and December 31, 2020, Bitcoin rose from $15,000 to $29,000 and peaked at $63,000 in April 2021.
