JPMorgan analysts predict $165K bitcoin price

The key takeaways:

• Wall Street has forecasted Bitcoin’s value at the end of year to be between $133,000 and $200,000.

• The majority of experts agree that the persistent Bitcoin ETF flows and gold correlation will likely propel BTC towards new records.

BitcoinBTC() is gaining momentum and has risen by more than 13% over the last seven days. It’s now on its way to a record-breaking high of $124,500.

Top Wall Street and UK Financial Institutions predict that Bitcoin could reach new records by the year 2025.

Citigroup believes BTC will reach $133,000

Citigroup expects Bitcoin will end the year 2025 around $133,000 and set a record. It implies a modest increase of 8.75% from the current levels, which are around $122,350.

In its base case, the banking giant projects steady growth backed by robust inflows from spot exchange-traded funds (ETFs) The following are some examples of how to get started: digital asset treasury allocationsThe key drivers that it believes will drive Bitcoin to its next high are the following.

All US Bitcoin ETFs managed over $163.50 BTC as of Saturday. Citi predicts that new ETF flows will total $7.5 billion before the end of this year, which is expected to help sustain demand.

Citi’s bear case, on the other hand, places Bitcoin’s value as low at $83,000 in the event that recessionary forces intensify and sentiments about risk decline.

JPMorgan Analysts: Bitcoin up to $165,000 by 2025

Even after adjusting for volatility, Bitcoin still remains below gold. according The team is led by Nikolaos Paniagrtzoglou, managing director of JPMorgan Chase.

They wrote that the Bitcoin to gold volatility ratio is now below 2.0. This means Bitcoin has about 1,85 times as much risk capital in it than gold.

According to this ratio, Bitcoin’s $2.3 trillion current market capitalization needs to increase by approximately 42%. This would imply a BTC theoretical price of about $165,000 to match the estimated 6 trillion dollars in private gold held across ETFs and bars.

Gold can be a valuable commodity. Bitcoin’s traditional macro counterpartThe stock is currently up 48% for the year, which puts it on course to have its best performance ever.

The yearly relative strength index (RSI) The XAU/USD has climbed up to nearly 89. This is its highest reading since 2012.

This is a level that historically preceded deep, multiyear corrections of 40–60%. Gold’s upward trend may slow down in the upcoming weeks.

Related: Bitcoin’s rare September gains defy history: Data predicts 50% Q4 rally to $170K

Meanwhile, BTC has shown an 8-week lagging correlation with gold JPMorgan’s forecast for an end-of-year Bitcoin rally is further reinforced by the fact that capital has been moving away from gold in recent years.

JPMorgan’s bullish forecast also assumes that spot ETFs will continue to receive steady inflows. Federal Reserve continues its rate-cutting cycle In the next few months,

Standard Chartered makes a $200,000 bold call

Standard Chartered continues to be the most positive among major banks. Bitcoin could reach $200,000 by December.

Like Citigroup and JPMorgan, the bank’s analysts cite sustained ETF inflows—averaging over $500 million per week—as a key driver that could lift Bitcoin’s total market capitalization closer to $4 trillion.

Growing institutional adoptionAlongside a weakening US Dollar and an improving global liquidity conditions, could set the stage for another parabolic move similar to Bitcoin’s 2020–2021 bull run, the analysts explain.

Standard Chartered analysts describe the $200,000 case as a “structural uptrend” Instead of a short term speculative rally.

VanEck predicts Bitcoin to reach $180,000 by 2025

Asset manager VanEck projects Bitcoin may reach $180,000 in 2025 based on post-halving dynamics.

The firm claims that the April 2024 halving The demand for ETFs and digital assets treasuries will fuel the next upward leg.

The chart below shows that Bitcoin’s price has been resembling its previous 4-year cycle since the halves.

Bitcoin cycle peaks have historically occurred anywhere between 365-550 days after the halving. Since the halving on Saturday, 533 days have passed. That puts Bitcoin firmly in the window historically for major rallies.

Saad Ahmed is the head of Gemini APAC. told Cointelegraph Bitcoin’s four-year cycle is not the only way that it could be extended. “driven more by human emotion than pure math” Will you? “very likely continue in some form” into 2026.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.