JPMorgan analysts predict $165k BTC price

Takeaways:

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

• 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.

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 current levels, which are 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) You can also find out more about the following: 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 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 a scenario where recessionary pressures increase and risk sentiment declines.

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, meaning Bitcoin has about 1,85 times as much risk capital as 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 In recent years, JPMorgan has reinforced its outlook that a Bitcoin rally will occur at the end of this year if investors move away from precious metals.

JPMorgan’s bullish forecast also assumes that spot ETFs will continue to receive steady inflows. Federal Reserve continues its rate-cutting cycle The next months will be very busy.

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 speculative rally.

VanEck expects Bitcoin to rise from $180,000 to $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 This has created a demand squeeze for ETFs, and the digital asset treasuries are the fuel that will drive the trend upward for the next phase.

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

Bitcoin cycle peaks have historically occurred between 365-550 days after the halving. 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 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.

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.