JPMorgan Predicts $170K as Volatility Eases

JPMorgan is forecasting a dramatic rise for Bitcoin to $170,000, contingent on the cryptocurrency becoming less volatile compared to gold.

The bank’s analysts believe this is achievable now that a severe deleveraging phase, which caused a 20% market correction and record liquidations, appears to be over.

They identify the stabilization in perpetual futures markets as the critical turning point, suggesting that the market has successfully purged excess leverage.

This reset, they argue, creates a healthier foundation for Bitcoin’s value to grow substantially in the next 6 to 12 months.