VanEck Maintains Optimistic Bitcoin Price Predictions

Coin-Turk 11 months ago 248

Asset management firm and ETF issuer VanEck upholds its optimistic price forecasts for Bitcoin (BTC ($87,846.00)) $93,378. 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.

VanEck’s Analysis

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.

Cryptocurrencies in 2025

VanEck anticipates a friendlier stance towards the

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