TechFlow news — On November 15, according to The Block, Matthew Sigel, VanEck's Head of Digital Asset Research, said on CNBC's Squawk Box that the Bitcoin price rally could continue into 2025. Sigel expects Bitcoin’s target in this bull cycle to reach $180,000, stating, “We are now in uncharted territory beyond all-time highs, with no technical resistance ahead. We anticipate new highs continuing over the next two quarters (March 31 and June 30, 2025).”
He noted that Bitcoin’s price movement following Trump’s election resembles the trend seen after Biden’s victory in 2020. Between November 6 and December 31, 2020, Bitcoin rose from $15,000 to $29,000, peaking at $63,000 in April 2021.
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