JPMorgan analysts predict $165K bitcoin price

Takeaways:

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

• Many agree that Bitcoin ETFs inflows, and the gold correlation could propel BTC to record heights.

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.

According to leading Wall Street financial institutions and UK financial institutions, Bitcoin will reach record highs by 2025.

Citigroup expects BTC to 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 current levels, which are around $122,350.

In its base case, the banking giant projects steady growth supported robust inflows from spot exchange-traded funds (ETFs) The following are some examples of how to get started: digital asset treasury allocationsIt sees these as key drivers for Bitcoin’s next upward leg.

On Saturday, the total Bitcoin ETF holdings in US ETFs amounted to over $163.50 BTC. 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 case recessionary forces intensify and sentiments about risk decline.

JPMorgan Analysts: Bitcoin up to $165,000 in 2020

When adjusted for volatility Bitcoin is still undervalued compared to gold. according A team of JPMorgan Chase strategists, led by the managing director Nikolaos Pantigirtzoglou.

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.

In order to reach the $6 trillion estimated private gold reserves across bars, coins, ETFs etc., Bitcoins’ current market cap of $2.3 trillion would have to rise by 42%.

Gold is often seen as a precious metal. Bitcoin’s traditional macro counterpartIt is on pace to achieve its best-ever annual performance.

The yearly relative strength index (RSI) For the XAU/USD, it has risen 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 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 view also includes a constant stream of inflows into spot ETFs. 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 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 expects Bitcoin to rise from $18,000 in 2025 to $180,000.

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

The company argues that 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 halving.

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 Ahmed is the head of Gemini APAC. told Cointelegraph Bitcoin’s cycles could go beyond this range. “driven more by human emotion than pure math” You will. “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.