JPMorgan Analysts Forecast $165,000 Bitcoin Price, Citing Structural Bullish Trend
NEW YORK – JPMorgan analysts are predicting a significant surge in Bitcoin’s value, forecasting a price of $165,000, fueled by a “structural bullish trend” rather than a short-term speculative bounce. the analysis suggests the current market conditions are laying the foundations for another parabolic movement akin to Bitcoin’s 2020-2021 boom.
The forecast aligns with growing optimism from other institutional investors. Standard Chartered analysts echo the sentiment, framing the $200,000 scenario as a long-term bullish trend. VanEck Asset Manager anticipates Bitcoin reaching $180,000 in 2025, attributing the potential increase to post-halving dynamics.
VanEck argues the April 2024 halving initiated a supply contraction, while demand from Exchange Traded Funds (ETFs) and digital asset treasuries are providing the impetus for the next phase of upward momentum.
Historical data supports the bullish outlook. Bitcoin has historically reached cyclical peaks between 365 and 550 days after a halving event. As of saturday,533 days have elapsed as the april 2024 halving,placing the market firmly within this historically significant window for significant gains.
However, some analysts suggest the four-year cycle may extend beyond the traditional timeframe. Saad Ahmed, director of Gemini for the APAC region, told Cointelegraph that the cycle is “driven more by human emotions than by pure mathematics” and is “most likely [to] continue in some way” until 2026.
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Clarification: The data and/or opinions expressed in this article do not necessarily represent the views or the Cointelegraph editorial line.The information presented here should not be taken as financial advice or investment suggestion. Any investment and commercial movement imply risks and it is each person’s responsibility to do their proper investigation before making an investment decision.
