VanEck Predicts Bitcoin to Hit $180K by 2025, Sees No Technical Resistance Ahead
By Ruholamin Haqshanas
Last updated: November 15, 2024, 09:12 EET
Highlights:
- VanEck projects Bitcoin reaching $180,000 by 2025, citing “blue sky territory” with no technical resistance.
- Bitcoin is poised to achieve repeated all-time highs in the coming quarters.
- Rising institutional interest and pro-crypto sentiment are driving the bullish momentum.
Bitcoin’s post-election rally has set the stage for significant gains, with investment firm VanEck forecasting the cryptocurrency to reach $180,000 by 2025. Matthew Sigel, VanEck’s head of digital assets research, appeared on CNBC’s Squawk Box on November 14, stating, “It is just getting started.”
Bitcoin’s Path to New Heights
Sigel emphasized that Bitcoin is in “blue sky territory,” with no technical resistance hindering its growth. He anticipates Bitcoin achieving multiple all-time highs over the next two quarters.
The cryptocurrency surged nearly 30% since November 5, reaching a record $93,490 on November 13. This rally has been fueled by pro-crypto sentiment following Donald Trump’s return to the U.S. presidency.
Despite a slight dip, Bitcoin remains robust, trading at around $88,100 as of November 15. VanEck’s $180,000 target would mark a tenfold increase from Bitcoin’s cycle low, though Sigel noted this rally represents the smallest percentage gain compared to previous cycles.
“Our target is $180,000. We think we could reach that next year,” Sigel said, adding that metrics monitored by VanEck remain positive. Search interest in Bitcoin has nearly tripled since early November, and Coinbase has topped finance app rankings, signaling growing public and institutional interest.
Institutional Demand on the Rise
Calls from investment advisers seeking Bitcoin exposure are accelerating, reflecting potential inflows into the market. VanEck’s outlook mirrors Bitcoin’s post-election surge in 2020, when its value doubled between Election Day and year-end.
With technical barriers absent and institutional demand increasing, another historic Bitcoin cycle appears to be underway.
Bitcoin ETFs and Reserve Asset Potential
Ryan Lee, Chief Analyst at Bitget Research, attributed Bitcoin’s recent rise above $93,000 to inflows from traditional funds via Bitcoin ETFs. He highlighted the potential of Bitcoin being adopted as a U.S. reserve asset, as hinted by President-elect Trump at the Nashville Bitcoin Conference.
“If Bitcoin becomes a U.S. reserve asset, it could inspire similar moves by other nations, triggering net inflows of hundreds of billions of dollars and driving BTC to new heights,” Lee explained.
Short-Term and Mid-Term Projections
Lee predicts a short-term Bitcoin price range of $82,000 to $110,000, with a six-month projection between $73,000 and $150,000. Regulatory policies expected next year could further support the market.
Key metrics to watch include the funding rate for long positions in contracts. If it exceeds 50% annualized (0.05% per 8 hours), it may signal a potential adjustment.
Additionally, breaching the $94,000 mark could trigger $1 billion in short liquidations, accelerating price momentum further.
With growing optimism, institutional inflows, and favorable market conditions, Bitcoin’s journey toward $180,000 seems increasingly plausible.
