Van Eck has reaffirmed its price target of $180,000 for Bitcoin, predicting a significant upward movement in the current market cycle within the next 18 months. This projection comes amid speculation that increasing regulatory support and rising institutional interest in cryptocurrency, fueled by Donald Trump's election victory, could propel Bitcoin (BTC) prices significantly. As of now, Bitcoin is trading close to the $100,000 mark, showcasing strong bullish momentum. However, analysts caution that the current elevated funding rates on perpetual futures contracts—exceeding 10%—may indicate early signs of market overheating. Historical data suggests that high funding rates, while initially linked to positive short- and medium-term returns, tend to lead to underperformance over the longer term, particularly past the 180-day mark. Despite varying predictions for Bitcoin's price by the end of the year, the analysts emphasize the need for caution among long-term investors as market conditions evolve.

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