The latest report from asset management giant VanEck reaffirmed that it continues to maintain the price target of $180,000 for the current cycle of Bitcoin, and said that the rally appears to be just beginning from the perspective of key indicators. It is reported that VanEck analyzed three key indicators of funding rates, relative unrealized profits (RUP), and retail interest trends. It pointed out:
The perpetual futures funding rate has been above 10% since November 12, indicating a strengthening of bullish momentum.
2. In addition, the current 30-day moving average relative to the unrealized profit level is approximately 0.54, which usually indicates that the market will peak in a longer period of time.
The popularity of search terms was only 34% of the May 2021 high, indicating that the speculative mania has not yet spread, and the re-engagement of retail investors will give Bitcoin further room to rise.
VanEck: Reaffirmed to maintain $180,000 bitcoin price target unchanged
2024-11-23 06:42:55
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