Go go go! VanEck: BTC is expected to repeatedly break new highs in the next two quarters, optimistic about soaring to 180,000 USD next year

The frenzy of BTC seems to have not yet come to an end. According to the analysis of Matthew Sigel, the director of digital asset research at VanEck, the upward trend of BTC is expected to continue until 2025, and it will continue to reach new highs in the next two quarters, soaring all the way to $180,000.

Matthew Sigel said in a recent interview with CNBC that the price of Bitcoin has been skyrocketing since Trump won the 2024 presidential election, following a market reaction similar to that after Biden's election in 2020. He said:

As expected, BTC has experienced high volatility and rise after the election. Currently, the market is in an area of 'blue skies, no resistance' with no technical pressure on the upside. We believe that BTC may frequently set new historical highs in the next two financial quarters (ending on March 31, 2025, and June 30, 2025).

Bitcoin soared after the election and broke through three levels within a week

Since the US election on November 5th, BTC has successively broken through the three major levels of '80,000 US dollars, 85,000 US dollars, and 90,000 US dollars' within a few days. Currently, the trading price of BTC is about 89,000 US dollars, with a Market Cap accounting for 57%.

Matthew Sigel said, 'This is exactly the same as four years ago,' 'After the 2020 election, the price of BTC doubled by the end of the year.'

At that time, the market experienced six pullbacks of 10% drop, so the upward trend was not a straight rise. We have also seen similar trends this year, and the increase has reached 30% so far. According to the multiple indicators we are tracking, this trend may continue.

Looking back at the US election market in 2020, Bitcoin (BTC) rose from $15,000 on November 6th to $29,000 on December 31st, and reached a peak of $63,000 in April 2021 before starting to decline.

The target price is as high as 18,0000 US dollars

As for the ultimate goal of this bull market, Matthew Sigel has given a high price prediction of $180,000, and he believes that this target price is most likely to be achieved next year.

The rise in this bull market is about 1,000% (from the lowest point to the highest point), which is relatively moderate compared to the past.

However, VanEck CEO Jan Van Eck is even more optimistic. He previously stated that BTC could potentially reach $300,000. His reasoning is that the ultimate value of BTC could be half of the global gold value, which is about $300,000.

Although the price of Bitcoin has been stabilizing recently, the volume in the past 24 hours still reached as high as 92.8 billion US dollars. Since the beginning of the year, BTC has risen by about 115%, becoming the most eye-catching asset performance of the year.

【Disclaimer】The market is risky, and investment requires caution. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are applicable to their specific circumstances. Investing based on this is at your own risk.

This article is authorized to be reprinted from: Block Ke

『Charge! VanEck: BTC is expected to break new highs in the next two quarters, optimistic about next year's surge of $180,000』This article was first published in 'encryption city'.