The target price of the first cryptocurrency in the current cycle is $180,000, confirmed by VanEck specialists in their September forecast.

Analyst Nathan Frankovitz and head of the digital currency research department Matthew Siegel believe that the next phase of the bull market is just beginning. In their opinion, several key indicators suggest this.

Experts drew parallels with the rally of digital gold at the end of 2020 amidst the previous presidential elections in the United States. At that time, the asset's quotes doubled and continued to rise in the following year.

The expected regulatory clarity from the Donald Trump administration will be a catalyst for further growth of Bitcoin, according to VanEck analysts.