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 its new record of $124,500.

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

Citigroup believes BTC will reach $133,000

Citigroup expects Bitcoin could end up at a high of $133,000 by 2025, a new all-time record. This implies an 8.75% increase from the current prices of around $122,350.

According to the bank’s case for growth, it is expected that there will be steady and supported growth. 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 ETFs in US managed more than $163.50 BTC. Citi expects new ETF investments to be around $7.5 billion at the year’s end, helping sustain demand.

Citi’s bear case, on the other hand, places Bitcoin’s value as low at $83,000 in a scenario where recessionary pressures increase and risk sentiment declines.

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

When adjusted for volatility Bitcoin is still undervalued compared to gold. according The team is led by Nikolaos Paniagrtzoglou, managing director of JPMorgan Chase.

In the most recent report, published Wednesday, it was noted that Bitcoin’s volatility has fallen below 2, which means Bitcoin absorbs 1.85x more capital risk 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 viewed in many ways. 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 climbed as high as 89. It is now at its highest level of overbought 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 continues to be the most positive among the 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 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 analysts describe the $200,000 case as a “structural uptrend” It is more than just a short-term rally.

VanEck predicts Bitcoin to reach $180,000 by 2025

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

The firm claims that the April 2024 halving This has created the conditions for an increase in demand, and ETF demand as well as digital asset treasuries are the fuel that will drive the trend upwards.

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

In the past, Bitcoin’s cycle peak has occurred between 365 to 550 days following a half-off. It has now been 533 calendar days since Bitcoin’s halving. This puts it within the historic window of time for large 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” Will you? “very likely continue in some form” into 2026.

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.