JPMorgan Predicts Bitcoin at $170K on Liquidity Rebound
JPMorgan issues a new Bitcoin price forecast, targeting $170,000 within six to 12 months. This Bitcoin price forecast reflects a volatility-adjusted model that treats Bitcoin as digital gold. It compares Bitcoin’s $2.1 trillion market cap with $6.2 trillion in private gold holdings. The model implies a 67% upside to reach a fair value near $68,000. October saw record futures liquidations, but JPMorgan notes that leverage unwinding has largely finished, stabilizing markets. Pro-crypto policy signals and easing Fed tightening bolster risk assets. However, Galaxy Digital cut its 2025 forecast to $120,000, highlighting structural risks. Traders should monitor liquidity trends and regulatory clarity to gauge Bitcoin’s momentum.
Bullish
JPMorgan’s forecast and the completion of leverage unwinding point to renewed market stability. The volatility-adjusted valuation suggests significant upside for Bitcoin. Policy support and improved liquidity further reinforce bullish sentiment. While Galaxy Digital’s cut highlights risks, the overall outlook favors a price rebound toward $170K.