Bitcoin News Update: JPMorgan Sets $170K Bitcoin Goal Despite Market Volatility and Competitor Doubts
- 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
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,
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
Institutional interest continues to grow, with JPMorgan now permitting clients to use Bitcoin and
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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