Bitcoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/vaneck-maintains-optimistic-bitcoin-price-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">VanEck Maintains Optimistic Bitcoin Price Predictions</a> 
Asset management firm and ETF issuer VanEck upholds its optimistic price forecasts for Bitcoin (BTC) . In a recent report, VanEck specifies that, according to multiple key indicators they track, BTC is not yet in the late stages of a bull market.
<h2 id="vaneck-s-analysis">VanEck’s Analysis</h2>
VanEck expresses that Bitcoin is in uncharted territory without technical price resistance, indicating that the next phase of the bull market has not yet begun. The firm notes a similar pattern occurred four years ago, when Bitcoin’s price doubled between the 2020 elections and year-end, with a nearly 137% increase in 2021.
The company also examines perpetual futures trading data. This market balances through funding rates, requiring one side to pay the other to maintain open positions. VanEck mentions that BTC has overheated, with 30 Displaced Moving Average (DMA) perpetual funding rates exceeding 10% for one to three months.
<h2 id="cryptocurrencies-in-2025">Cryptocurrencies in 2025</h2>
VanEck anticipates a friendlier stance towards the <a href="https://en.coin-turk.com/will-cryptocurrencies-rise-in-august-expectations-and-outlook/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> industry from the new U.S. presidential administration under Donald Trump. This scenario is expected to support the ongoing rally as 2025 approaches. The firm predicts that the Trump administration will reverse the outflow of jobs and capital experienced during previous harsh leadership periods, positioning the U.S. as a global leader in crypto innovation and employment.
<blockquote>
 “We reiterate our price target of $180,000/BTC as many key indicators continue to support this rally.” – VanEck
</blockquote>
VanEck also highlights that government support has rapidly increased investor interest. The firm indicates that inquiries have surged as many investors realize they have not invested adequately in this asset class. However, they caution that signs of overheating should be monitored closely.
Currently, Bitcoin is trading at around $95,098. VanEck expects the crypto industry to become a critical sector for internal growth and a significant export to emerging markets.
Considering the dynamics of crypto markets and future expectations, VanEck’s analyses signal long-term growth potential for Bitcoin. Important indicators and market trends are being closely monitored for investors.
The post <a href="https://en.coin-turk.com/vaneck-maintains-optimistic-bitcoin-price-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">VanEck Maintains Optimistic Bitcoin Price Predictions</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

VanEck Maintains Optimistic Bitcoin Price Predictions

Table of Contents

COINTURK NEWS

Other articles published on Nov 25, 2024

Ethereum Price Surge Has Investors Buying New Trending ETH Token And XRP As Price Surpasses $1.5 ...

Dollar tanks after Donald Trump names Scott Bessent to Treasury role

Why XLM Surged 478%: Is Stellar the Most Underrated Crypto?

Kraken: Listing of coins on US exchanges will no longer be subject to too many restrictions

Meme Coins Are Printing Millionaires: PNUT +4,500%, FRED +6,000%, and This New Coin Targets +14,900%

Best Cryptocurrencies Linked to AI: Transforming Blockchain with Artificial Intelligence

Join our free newsletter for daily crypto updates!