So, Bitcoin crashes below $100,000-again. The world freaks out, the crypto bros lose their minds, and yet… JPMorgan analysts? They’re completely chill. According to the geniuses over at JPMorgan, they still think Bitcoin could skyrocket to $170,000 in the near future. And no, they’re not joking. Apparently, this drop in price? It’s just a little bump in the road. Hilarious.
JPMorgan Says Bitcoin’s Value Is Still Undervalued
Eric Balchunas, a Senior ETF analyst at Bloomberg, recently spilled the beans on JPMorgan’s super optimistic outlook for Bitcoin. Led by Managing Director Nikolaos Panigirtzoglou (who, by the way, has a name that sounds like a password you’ll forget in 5 seconds), they’re all in on Bitcoin. Their big claim? Bitcoin is “undervalued.” Right, sure. The thing that’s crashed below $100k is somehow a bargain compared to gold. Sounds like a steal!
They’ve got this wild prediction that Bitcoin could hit $170,000 within the next 6-12 months, a 65.9% increase from the current price of just over $102,400. Because, you know, that’s definitely going to happen. 🙄
The analysts claim that the broader crypto market’s correction-driven by all those pesky liquidations-actually set Bitcoin up for a massive surge. They’re basically saying, “Don’t worry, guys, this is just the purge we needed.” Sure, if by “purge” you mean the destruction of billions in crypto, then yeah, we’re in the clear.
But wait, there’s more! They think Bitcoin’s value could recover significantly by October 2026. Yeah, who needs a crystal ball when you’ve got JPMorgan making calls like this?
Other Analysts Aren’t Too Shabby, Either
It’s not just JPMorgan that’s making these outlandish predictions. Crypto market analyst Sulianto Indria Putra is also singing the same tune. According to him, Bitcoin’s weekly chart is looking pretty strong, especially when it hits that 50-week Exponential Moving Average (EMA). What does this mean in layman’s terms? Oh, just that every time Bitcoin touches this EMA, it rockets up like a space shuttle.
Putra thinks that Bitcoin is currently consolidating (aka sitting pretty) above the 50-week EMA at around $100,900. He argues that this is a signal for a “higher low”-which, in analyst speak, means that Bitcoin could rally to $150,000 by 2025-2026. Yup, a $150,000 Bitcoin. Because who wouldn’t want that in their portfolio? 🙄
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2025-11-07 19:18