Here’s Why JPMorgan Analysts Are Still Bullish On The Bitcoin Price After Crashing Below $100,000
The latest Bitcoin price crash below $100,000 has sparked widespread concern throughout the crypto market, however main institutional gamers like JPMorgan stay unshaken. According to reviews, JPMorgan analysts have issued a surprisingly bullish outlook for Bitcoin, forecasting a possible surge to $170,000 within the close to future. The bullish prediction has caught the eye of the broader crypto market, particularly as volatility and liquidations proceed to check investor sentiment and push costs down.
JPMorgan Maintains Bullish Bitcoin Price Outlook
Eric Balchunas, a Senior ETF analyst at Bloomberg, not too long ago shared insights from JPMorgan’s analysts, led by Managing Director Nikolaos Panigirtzoglou, who presents a compelling bullish case for the Bitcoin price. In one in all their analysis notes, the financial institution’s analysts argue that Bitcoin’s present market worth is significantly undervalued in comparison with gold.
They counsel that after leverage circumstances normalize, the main cryptocurrency may climb towards $170,000. Notably, they count on BTC to achieve this bullish goal throughout the subsequent 6-12 months, representing a 65.9% improve from its present worth stage of simply over $102,400.
The analysts emphasised that the broader crypto market has already undergone a close to 20% correction from earlier highs, primarily pushed by huge liquidations in perpetual futures contracts. The largest wave was noticed on October 10, following US President Donald Trump’s announcement of aggressive tariffs towards China, which triggered document liquidations that worn out billions of {dollars} in leveraged positions throughout exchanges—the biggest such occasion within the historical past of crypto.
Leaving the crypto market with no room for a restoration, one other devastating liquidation event occurred on November 3, deepening the correction after a $120 million exploit on Market Maker Balancer reignited fears over DeFi protocol safety. However, regardless of this widespread volatility and market downturn, JPMorgan analysts stay bullish on Bitcoin, doubtless viewing these liquidation occasions as crucial purges which have flushed out extreme hypothesis.
The analysts consider that perpetual deleveraging has lastly come to an finish, opening a possible path for extra secure institutional accumulation. They counsel that Bitcoin’s value could recover and strengthen significantly from now to October 2026, supporting the bullish projection of a doable rally to a brand new all-time high.
Market Analysts Share Similar Optimistic Predictions
Crypto market analyst Sulianto Indria Putra’s newest technical evaluation echoes bullish optimism for Bitcoin’s worth outlook. He highlights that the cryptocurrency’s weekly chart exhibits the 50-week Exponential Moving Average (EMA) persevering with to behave as a powerful cyclical assist stage. Each time BTC has touched this EMA in past bull cycles, it has traditionally rebounded with sturdy upward momentum.
Based on the analyst’s chart, Bitcoin trades round $102,400, simply above the 50-week EMA at roughly $100,900, the place worth motion exhibits consolidation quite than breakdown. Putra argues that this positioning signifies that the market is forming a better low inside an ongoing bull pattern. Despite widespread bearish sentiment and worth declines, the analyst maintains that Bitcoin may nonetheless rally considerably to $150,000 between late 2025 and early 2026.
