JPMorgan analysts predict $165k Bitcoin price

Takeaways:

• Wall Street’s Bitcoin year-end forecasts range between $133,000 and as high as $200,00.

• 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 the record-breaking high of $124,500.

Top Wall Street and UK Financial Institutions predict that Bitcoin could reach a new record 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. This implies an 8.75% increase from the current prices of around $122,350.

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

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 scenario, however, puts Bitcoin at as low as $83000 if the recessionary pressures increase and risk sentiment declines.

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

When adjusted for volatility Bitcoin is still undervalued compared to 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 is often seen as a precious metal. Bitcoin’s traditional macro counterpartIt is on pace to achieve its best-ever annual performance.

However, yearly relative strength index (RSI) For the XAU/USD, it has climbed up to almost 89. Its most overbought value since 2012.

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

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 In recent years, JPMorgan has reinforced its outlook that if the capital is shifted away from precious metals by year’s end, Bitcoin will rally.

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 is the most confident amongst major banks in predicting 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 adoptionThe US dollar is weakening and the global economy has improved. liquidity conditions, could set the stage for another parabolic move similar to Bitcoin’s 2020–2021 bull run, the analysts explain.

Standard Chartered’s analysts present the $200,000 situation as a “structural uptrend” It is more than just a short-term rally.

VanEck expects Bitcoin to rise from $180,000 to $180,000 by 2025.

Asset manager VanEck projects Bitcoin’s value could be around $180,000 in the year 2025 according to post-halving cycles dynamics.

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

As shown below, Bitcoin’s recent performance mirrors previous cycles of four years.

In the past, Bitcoin’s cycle peak has occurred between 365 to 550 days following a half-off. Since the halving on Saturday, 533 days have passed. That puts Bitcoin firmly in the window historically for major rallies.

Saad Ahmad, Gemini APAC’s Head of 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” You will. “very likely continue in some form” into 2026.

The information in this article is neither investment advice nor a recommendation. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.