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JPMorgan Says Bitcoin Has '67% Upside,' Sees $170,000 Within Next 6 Months
Benzinga· 2025-11-07 00:21
Bitcoin (CRYPTO: BTC) could rise to $170,000 within 6 to 12 months, according to JPMorgan Chase & Co. (NYSE:JPM) analysts.Analysts Say Deleveraging Phase Is OverIn a note released Wednesday, JPMorgan said the crypto market has corrected about 20% from recent highs, with the Oct. 10 liquidation resetting leverage: "The deleveraging in perpetual futures now appears largely over," the report notes.The ratio of open interest in Bitcoin perpetual futures to market capitalization has normalized, noting that Ether ...