VanEck’s latest Bitcoin report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. Key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, are signals that the bull market is still in its early stages.
Bitcoin has soared into uncharted territory, trading near $100,000 following a post-election rally. VanEck believes the next phase of the bull market is underway, with metrics signaling bullish sentiment. The report examined Relative Unrealized Profit (RUP), which measures unrealized gains in the market, and noted that retail interest remains below historical peaks.
VanEck expects Bitcoin’s price to potentially double from current levels, reflecting a roughly 1,000% return from the cycle’s trough to its peak at $180,000.
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<p>The post VanEck’s Bitcoin Report: Market Rally Continues, Bullish Indicators Signal Early Stages of Bull Market. first appeared on CoinBuzzFeed.</p>
