VanEck: Reiterates Bitcoin's target price for this cycle is $180,000

According to Cryptoslate, asset management firm VanEck has released a new report reiterating its target price of $180,000 for Bitcoin in the current cycle, stating that the current market is still in the early stages of a bull market. The report indicates that Bitcoin has recently broken through the $100,000 mark, and key indicators such as funding rates, Relative Unrealized Profit (RUP), and retail interest have all shown strong upward trends. Funding rates have remained above 10% since November 12th, and the 30-day average of the RUP indicator is 0.54, still below the 0.70 market top threshold. Additionally, Google's search interest for "cryptocurrency" is only 34% of its May 2021 peak, while Coinbase's ranking in the app store has risen from 412 to 9, indicating that retail interest is recovering but has not yet overheated.