JPMorgan Sets Bitcoin Year-End Target Of $165K, Citi Expects $133K As BTC Nears ATH
JPMorgan analysts say their year-end target for Bitcoin is $165K while Citi expects the crypto to reach $133K as BTC nears its all-time high (ATH). In the past 24 hours, the largest crypto by market cap was able to reach a daily high of $121,138.74. It has since retraced to trade at $120,151.56 as of 1:01 a.m., according to data from CoinMarketCap. BTC price (Source: CoinMarketCap ) Even with the pullback, BTC’s price is still up over 1% on the 24-hour time frame. It’s also up more than 9% on the weekly time frame, and has flipped its monthly performance into the green as well. What’s more, the crypto king is now around 3% away from its ATH of $124,457.12 that it set on Aug. 14. JPMorgan Says Bitcoin Could Hit $165K If “Debasement Trade” Continues According to JPMorgan, BTC could climb to as high as $165K on a volatility-adjusted basis relative to gold by the end of year. The bank’s bullish prediction is dependent on whether the “debas...