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Bitcoin News Update: JPMorgan Sets $170K Bitcoin Goal Despite Market Volatility and Competitor Doubts

Bitcoin News Update: JPMorgan Sets $170K Bitcoin Goal Despite Market Volatility and Competitor Doubts

Bitget-RWA2025/11/07 21:02
By:Bitget-RWA

- JPMorgan raises Bitcoin price target to $170K, citing undervaluation vs. gold in risk-adjusted analysis. - Market turmoil sees Bitcoin fall below $100K amid $1.3B liquidations and institutional selling. - Galaxy Digital cuts 2025 target to $120K, citing macro risks and $50B in October Bitcoin outflows. - JPMorgan notes ETF outflows and stabilized leverage as potential market bottom indicators. - Banks like JPMorgan/Goldman Sachs expand crypto adoption by enabling digital asset collateral.

JPMorgan Chase & Co. has increased its

price projection to $170,000 over the next six to twelve months, stating that the cryptocurrency remains undervalued compared to gold on a risk-adjusted basis, . Their estimate, which uses a model that evaluates Bitcoin’s risk-adjusted performance against gold, indicates that the digital currency’s market cap would need to expand by 67% to match the $6.2 trillion currently held in gold. Achieving this would mean Bitcoin’s price must climb from its present value of around $102,000 to $170,000, . The analysis, led by strategist Nikolaos Panigirtzoglou, points out that Bitcoin presently demands 1.8 times more risk capital than gold—a gap the bank believes could drive further gains, .

This outlook comes during a period of market instability. On November 4, 2025, Bitcoin dipped below $100,000 for the first time in half a year, wiping out 20% of its value since peaking near $125,835 in October,

. The drop was triggered by over $1.3 billion in crypto market liquidations, with Bitcoin making up $445 million of those losses, alongside significant sell-offs from institutional investors. BlackRock’s recent $213 million Bitcoin transfer to Coinbase added to concerns about prices falling under $100,000, . At the same time, U.S. spot Bitcoin ETFs experienced a fourth straight day of outflows, totaling $187 million on November 3, as investors shifted funds into short-term bonds amid global uncertainty, according to Yahoo Finance.

Bitcoin News Update: JPMorgan Sets $170K Bitcoin Goal Despite Market Volatility and Competitor Doubts image 0
JPMorgan’s optimistic forecast stands in contrast to more conservative predictions from other institutions. Galaxy Digital, for example, lowered its 2025 Bitcoin target from $185,000 to $120,000, citing macroeconomic challenges, large holders selling, and a shift in investor focus toward AI and gold, according to Bitget. The company highlighted that 470,000 Bitcoin—valued at $50 billion—were moved by long-term holders in October, creating persistent resistance at important price points. Alex Thorn, Galaxy’s head of research, described Bitcoin as entering a “mature phase” with slower growth now driven by institutional participation rather than retail speculation, Bitget reported.

Technical analysis also points to increased price swings. Bitcoin is trading close to $101,290, with the lower band of the Keltner Channel offering temporary support at $103,321, as reported by Yahoo Finance. The MACD indicator remains negative, highlighting bearish

. Nevertheless, believes that the recent reduction in leverage in perpetual futures markets has helped stabilize the market, decreasing excess leverage and providing opportunities for new long positions, according to Blockonomi. The bank also observed that while ETF outflows are a concern, they have been relatively minor compared to previous inflows, suggesting the market could be approaching a bottom, Bitget reported.

Institutional interest continues to grow, with JPMorgan now permitting clients to use Bitcoin and

as collateral for loans—a policy also adopted by Goldman Sachs and BlackRock, Blockonomi reported. This trend signals increasing acceptance of digital assets within traditional finance, even as regulatory and economic uncertainties remain.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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