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JPMorgan analysts predict the price of $ 165k BTC


Key takeaways:

  • Wall Street’s Bitcoin ending forecasts range from $ 133,000 to a high $ 200,000.

  • Most say that the continued flow of Bitcoin ETF and golden relationships can shower BTC to new record highs.

Bitcoin (Btc) has bouncing more than 13% in the past seven days and entering a record of $ 124,500.

BTC/USD Daily Price Price. Source: Tradingview

Bitcoin has been prepared to reach new record levels by the end of 2025, according to Wall Street and UK’s leading financial institutions.

Citigroup sees BTC reaching $ 133,000

Citigroup Looking forward Bitcoin to finish 2025 around $ 133,000, which sets a new record high. That suggests relatively moderate 8.75% upside down from current price levels around $ 122,350.

BTC/USD Daily Price Price. Source: Tradingview

Banking Giant’s base cases are stable growth supported by Strong outflow from funds exchanged exchange (ETF) and Digital Asset’s Treasury Provideswhich it sees as the major structural drivers of the next Bitcoin leg.

Like Saturday, all US Bitcoin ETF is managed more than $ 163.50 billion in BTC. Citi estimates that fresh ETF flows are about $ 7.5 billion by the end of the year, helping to maintain demand.

BTC US spot ETF balance. Source: Glassnode

However, the Citi bear case puts bitcoin less than $ 83,000 if the pressures in the backgone intensify and loses the regional region.

JPMorgan Analysts: Bitcoin up to $ 165,000 in 2025

Bitcoin remains undervalued relative -child in gold when adjusted for volatility, According to In a JPMorgan Chase Strategists team led by Managing Director Nikolaos Sidezoglou.

Bitcoin-to-Gold’s volatility ratio dropped below 2.0, which means Bitcoin is now absorbing almost 1.85 times more dangerous capital than gold, they wrote in the latest report published on Wednesday.

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The comparison of the volume of bitcoin and gold. Source: JPMorgan Chase

Based on this ratio, the current $ 2.3 trillion capitalization of the Bitcoin market has to climb by approximately 42%, indicating a BTC theoretical price of approximately $ 165,000, to match an estimated $ 6 trillion in private gold holders throughout ETF, Bar, and Coins.

Gold, often viewed as The traditional macro counterpart of bitcoinis almost 48% year-to-date, putting it on the track for the best annual performance since 1979.

Xau/USD annual performance chart. Source: Tradingview

However, the ear -toon Relative Strength Index (RSI) For the XAU/USD pair has climbed nearly 89, the most essential reading reading since 2012.

This is a level that preceded the history of deep, multiyar correction of 40-60%. Therefore, the gold can be lost in vapor in the coming weeks.

Related: Rare September of Bitcoin gets defy history: Data predicts 50% Q4 Rally up to $ 170k

Meanwhile, meanwhile BTC showed an 8-week lagging correlation with gold In recent years, further strengthening JPMorgan’s perspective for the one -year end of the Bitcoin rally if the capital rotates from precious metal.

Source: X

JPMorgan’s bullish perspective also assumes a steady stream of spot ETF inflows as the The Federal Reserve continues to cycle its rate In the coming months.

The Standard Chartered leads to an already -bold $ 200,000 call

Standard chartered remains most optimistic among major banks, predicted Bitcoin could reach $ 200,000 in December.

Like Citigroup and JPMorgan, bank analysts mention ETF flows – reaching over $ 500 million per week – as a major driver who can increase the total capitalization of the Bitcoin market closer to $ 4 trillion.

US Bitcoin ETF Weekly Net Flows Chart. Source: Glassnode

Growing up Adopting an institutionnext to a weak US dollar and globalizing improvement Conditions of liquidityThe stage can be set for another parabolic move similar to Bitcoin’s 2020–2021 Bull Run, analysts explained.

US dollar index compared to BTC/USD: Weekly comparison comparison. Source: Tradingview

Standard Chartered analysts frame $ 200,000 scenario as a “structure of the uprising” rather than a short-term imaginary rally.

Vaneck saw Bitcoin climbing at $ 180,000 in 2025

Asset Manager Vaneck Projects That Bitcoin could reach around $ 180,000 by 2025, citing the dynamic rotation of post-halving.

The firm argues that the April 2024 Halving has set the stage for a supply squeeze, with the demand of ETF and digital asset treasures that provide the fuel structure for the next leg of upward.

Bitcoin performance since the division reflects the past four -year cycle, as shown in the chart below.

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Bitcoin price performance from division. Source: Glassnode

Historically, Bitcoin reached its cycles between 365 and 550 days after division. Like Saturday, it’s 533 days from dividing, putting it tightly inside the history window for large rallies.

Saad Ahmed, Gemini’s APAC head, said to the cointelegraph That bitcoin cycle could have expanded beyond that range, noting that its four -year rhythm was “driven by human emotions rather than pure math” and “likely to continue in some form” by 2026.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.