CandleFocus VanEck maintains $180,000 Bitcoin target as bull market gains steam
2024-11-22
Author: Content Editor
VanEck's latest Bitcoin report reiterates its price target of $180,000, citing strong bullish indicators that align with the ongoing market rally. The asset manager points to metrics such as funding rates, Relative Unrealized Profit (RUP), and retail interest trends as signs that the bull market is still in its early stages. VanEck believes that the current rally is similar to the post-election rally in 2020 and expects further upside before reaching market tops. The report suggests that Bitcoin's price could potentially double from its current levels, reflecting a 1,000% return from the cycle's trough to its peak at $180,000.
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