JP Morgan: bitcoin could hit $146,000

[traderethereum]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation? 

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

The price of bitcoin will never follow a straight upward trend, it will always be associated with minor dumps in between. But at the end of the day, you will see that bitcoin can reach a very high value, even higher than $146k, but the question is when. For me, i don't likely believe that this year bitcoin will hit JP Morgan's prediction, bitcoin moves so slow this time. But by next year, probably it will happen if not in the 1st quarter, then maybe in the 2nd quarter of the year.

And it founds to be associated with gaining more attention. $146k is not that far for not able to happen but could be taking so long as the market trend has never been always on the rising momentum. Can't just ignore the market corrections and whether we like it or not, that certainly come in no specific time. But I guess, this comes after the next halving. It was just like we are doubling the current price and that it happens several time, $30k t- $60k, then, from $70k this year to $146k...well, I hope so.

I also feel that the $146k target is not impossible to achieve, after several times seeing the price of Bitcoin managed to double. One example is
like you said when Bitcoin at $30k managed to go up quite quickly to $60k. And in the crypto world it often repeats itself, and I hope that
the doubling of Bitcoin price will also be repeated. Although we also have to be aware that Bitcoin may also experience a deep correction before
rising to a much higher price. If indeed to reach the price of $ 146k must experience a correction first, it's nothing to worry about as long as
we don't panic and can be patient holding Bitcoin. Because of how far the price of Bitcoin has fallen, Bitcoin can always recover again. So we have
to believe in the future of Bitcoin, if we really want to make big profits from Bitcoin.

I believe bitcoin will hit $146k even more in the future because with the adoption progress still increasing and the acceptance of bitcoin in many countries still have good progress too, it could attract people and companies attention to investing in bitcoin.
That can help to boost bitcoin popularity among them and will get more new bitcoin users to join the bitcoin world.
We should not worry about the correction because that is part of the crypto movements and with the correction, we get a good time to accumulate more bitcoin at a low price.
When bitcoin price can drop drastically after hitting the highest price, that will be the best time to buy bitcoin.

[dragonvslinux]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The $150K is merely the upper resistance trend line of Bitcoin's Logarithmic Growth Curves, this is far from a prediction based on fundamentals imo, but caculating exponential growth with lowering returns:



Bitcoin reaching JP Morgan's target is simply the most likely outcome if price continues to move higher this year. I'd say it's nothing new, they simply studied logarithmic growth, as it has been a reliable indicator or tops and (relative) bottoms in the market. This also remains a conservative target, given that in March 2020 price dropped below logarithmic support by a good 50% (for the first time), therefore it's possible to argue that it's likely to break above resistance briefly as well. Ie do the same thing to the upside as it previously did to the downside. For price to become as bullish as price previously went bearish.

If at the end of the current bull trend price goes as wild as it did during the covid dump, then a 50% move above the log growth resistance trend-line would be $225K for reference sake.

[poplolnman]

Also JP Morgan Boss in 2013 "Bitcoin is a fraud that will blow up" , Jokes everywhere and i'm not surprised. I left bitcoin world for about 4 years now and
it seems the world has changed a lot. bitcoin sky high price spoil everything.

[Devifajarina]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

Not so influential with the predictions made by JPMorgan, despite the fact bitcoin is at a good value for now, a lot of the predictions people make are not like this, the pump that continues to occur on bitcoin is getting better at current prices, it can't be big volatility will affect bitcoin's sharp decline in predictions made, and investors will never care about any predictions made, they have their own actions in determining the direction of bitcoin going forward.

[7788bitcoin]

Also JP Morgan Boss in 2013 "Bitcoin is a fraud that will blow up" , Jokes everywhere and i'm not surprised. I left bitcoin world for about 4 years now and
it seems the world has changed a lot. bitcoin sky high price spoil everything.

Unless you were in a coma you could follow the market, if you are not active in the forum it is a different story but if you say that you were not even following what is going on in the cryptocurrency space for the past 4 years, it looks weird  .

JP Morgan changed their views with time and so does many who were calling Bitcoin a bubble .

[jostorres]

I believe bitcoin will hit $146k even more in the future because with the adoption progress still increasing and the acceptance of bitcoin in many countries still have good progress too, it could attract people and companies attention to investing in bitcoin.
That can help to boost bitcoin popularity among them and will get more new bitcoin users to join the bitcoin world.
We should not worry about the correction because that is part of the crypto movements and with the correction, we get a good time to accumulate more bitcoin at a low price.
When bitcoin price can drop drastically after hitting the highest price, that will be the best time to buy bitcoin.

Of course it will hit 146k one day, that is not even a discussion, we all know it will hit that level for sure. The problem is that we may get to see it this year, or next year or year after that or maybe longer? How long would we have to wait for that to happen? This is the difference, this is why I believe that we should not be focusing on what it will reach, we know it will get bigger, we need to focus on when that will happen.

As a long term investor it doesn't bother me, knowing that one day it will eventually be even a million dollars is the reason why I am happy, I have so many different coins and tokens as well that I believe could go up even higher, so all I do now is wait for it to happen, could take 10-20 years all I care, but many people here are traders and they really need to know when it could become 146k, it matters to them a lot.

[TheEconomists]

I will not have short term prediction about this, if long term, 'could' included makes it an understatement because bitcoin price will surely hit over $150000. It can be long but a time is coming bitcoin will even never retrace (fall below) to $150000 ever again. But this is long term prediction which will be accurate based on total wealth in the world and fiat-depreciation-price-control by the government. In short term, the price of bitcoin can be difficult to predict, but all-time-high is certain in long term.

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come. Why is it difficult for you to make prediction for the short time period because the former is out of anxiety and no real evidence on why it should happen the way you predict it.

[Oilacris]

I will not have short term prediction about this, if long term, 'could' included makes it an understatement because bitcoin price will surely hit over $150000. It can be long but a time is coming bitcoin will even never retrace (fall below) to $150000 ever again. But this is long term prediction which will be accurate based on total wealth in the world and fiat-depreciation-price-control by the government. In short term, the price of bitcoin can be difficult to predict, but all-time-high is certain in long term.

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come. Why is it difficult for you to make prediction for the short time period because the former is out of anxiety and no real evidence on why it should happen the way you predict it.

Dont beleive about those precise numbers or on when it would happen because those are just speculations which arent really that ideal for you to follow on and we know that this is a speculative market so its just normal that people would be claiming off things.

They could say all they want basing on whats inside of their minds neither going up or going down and with those sentiments then you should be keen whether you do skip or believe basing into those.

We would surely comes to a point where we do able to reach out new ATH's but we dont know on when it would happen.

[Rabi3]

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

Do they only make these "predictions" when bitcoin is rebounding and then fallen slightly, perhaps to coincide with when they just bought some...?

I mean it's a nice news story and will probably get some people on twitter excited but I think their primary goal is still price manipulation.

hmmm, that actually could be true, those are business men, they definitely bought some, build a hype and tweet and talk about the potential of bitcoin braking big numbers and wait for people to do that for you, manipulation at it's finest.

[Charles-Tim]

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come.

Just like many people said $10000, $20000 and above are not realistic. There is nothing bad to hold bitcoin for 100 years and more and pass it to children. Also some people do not believe there small holding which were nothing in the past that become something now, but their private key has been lost.

[Kasabus]

I will not have short term prediction about this, if long term, 'could' included makes it an understatement because bitcoin price will surely hit over $150000. It can be long but a time is coming bitcoin will even never retrace (fall below) to $150000 ever again. But this is long term prediction which will be accurate based on total wealth in the world and fiat-depreciation-price-control by the government. In short term, the price of bitcoin can be difficult to predict, but all-time-high is certain in long term.

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come. Why is it difficult for you to make prediction for the short time period because the former is out of anxiety and no real evidence on why it should happen the way you predict it.

Dont beleive about those precise numbers or on when it would happen because those are just speculations which arent really that ideal for you to follow on and we know that this is a speculative market so its just normal that people would be claiming off things.

They could say all they want basing on whats inside of their minds neither going up or going down and with those sentiments then you should be keen whether you do skip or believe basing into those.

We would surely comes to a point where we do able to reach out new ATH's but we dont know on when it would happen.

Bitcoin will create more possibilities to reach new ATH this year since the market is so bullish which only means that it has bigger chances to land another all time highs. But it seems the prediction of JP Morgan is not possible this year, we can have new ATH before this year ends but maybe it will only touch $80k-$90k price duration. But knowing bitcoin which is highly volatile, sometimes its moves is so surprising and we may wake up one day seeing its value is already above $100k. Who knows? If that will happen this year, many investors will definitely become millionaires in less than a year.

[Devifajarina]

Not so influential with the predictions made by JPMorgan, despite the fact bitcoin is at a good value for now, a lot of the predictions people make are not like this, the pump that continues to occur on bitcoin is getting better at current prices, it can't be big volatility will affect bitcoin's sharp decline in predictions made, and investors will never care about any predictions made, they have their own actions in determining the direction of bitcoin going forward.

If you look at the current condition of bitcoin, it is a concept that was deliberately designed by those who have a big influence on crypto, one of which is big investors who continue to develop bitcoin movements, they determine bitcoin correction and pumping occurs, because they are the condition of bitcoin that continues to develop today, despite the regular correction and pumping of the market.

Not everything they do makes bitcoin influential, even though 40% of what you say has the truth, but when viewed from the beginning of the development of bitcoin itself, it is very much determined by the development team and the promotion team, initially bitcoin is not so calculated in crypto, but after pumping occurs This year, bitcoin is increasingly sought after and enjoyed by large investors, thus not everything is determined by investors.

[qwertyup23]

understatement because bitcoin price will surely hit over $150000

If the "volatility issues" are solved, even 10x of that value is easily possible, since then *everybody* will use Bitcoin as a store of value.
That's why I find JP Morgan statements more a speculation/pumping attempt than anything else. All those "could" "if" parts are there just to somehow give a bit of credibility to their "analysis".

Bearing this in mind, is it not best if people would HODL BTC for long-term gains and profit? While I do understand that this may take some several years for it to materialize, but should not people HODL and avoid any short-term trading for the time being?

As someone who notoriously withdrew majority of my BTC from 2017-2020, I regretted it as soon as I saw my blockchain record stating the total number of transactions that were sent to my wallet (totalling up to $30,000). As someone who lives in a third-world country, such value can totally change my life for the better.

[NeuroticFish]

Bearing this in mind, is it not best if people would HODL BTC for long-term gains and profit? While I do understand that this may take some several years for it to materialize, but should not people HODL and avoid any short-term trading for the time being?

That's correct. Bitcoin has shown that the best recipe is to HODL as long as you can.
But this is speculation. We don't know what the future holds. We expect it to be great for HODLers, but actually nobody can say certainly what will happen and when.

As someone who notoriously withdrew majority of my BTC from 2017-2020, I regretted it as soon as I saw my blockchain record stating the total number of transactions that were sent to my wallet (totalling up to $30,000). As someone who lives in a third-world country, such value can totally change my life for the better.

Ooops, that's a sad story. Sorry to hear that  
The thing with the investments is that it's usually good to cash in some for a better life, but also keep some and let it grow.
Although... something is wrong with your story. You had whole 2019 and almost whole 2020 to buy back at discounted price. You had your chance... Now it's much more difficult do do that if you're from third-world country as you said.

[n0ne]

Can you please give number of years for your long time speculation. To me it seems unrealistic because there are no data evidence or any good reason why would Bitcoin price reach $150k in time to come.

Just like many people said $10000, $20000 and above are not realistic. There is nothing bad to hold bitcoin for 100 years and more and pass it to children. Also some people do not believe there small holding which were nothing in the past that become something now, but their private key has been lost.

Not even $10000, people were more skeptical about bitcoin price reaching $5k. The Predictions were outlawed and the growth continued. This is all about the potential of bitcoin. Users who just invested on Bitcoin and forgot about it are now in search of the private keys. Some are really lucky to make good fortune of the early investments. Not only JP Morgan, more other personalities have made statements of bitcoin price reaching much higher than this. One being Tom Lee who has predicted the price to touch atleast $168k.

[darkangelosme]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD, for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

[Obito]

This is probably just a big hype, didn't they predicted the price much lower than that the last time? I think they're just going to increase the number in each pump because they want to create hype behind bitcoin that will probably be temporary. Don't get me wrong, I do hope too that the market will go to that point but since they're one upping everytime the prices go up, I don't see how I can trust them.

[Baofeng]

This is probably just a big hype, didn't they predicted the price much lower than that the last time? I think they're just going to increase the number in each pump because they want to create hype behind bitcoin that will probably be temporary. Don't get me wrong, I do hope too that the market will go to that point but since they're one upping everytime the prices go up, I don't see how I can trust them.

Again, as I have said previously, they have their reasons to hype the price of bitcoin. They have big clients now who are really interested so it's like they are putting a sale pitch in public for their current and future client.

And just like you and me, we can make conservative and marvelous predictions. But in the end, it doesn't mean a thing, it is still the market that will decide where the price will go in the end.

[perfect999]

we can make conservative and marvelous predictions. But in the end, it doesn't mean a thing, it is still the market that will decide where the price will go in the end.

This is what exactly happening right now but in the past we had different situations like people made speculations and traders followed that (at least in my view) then we had expected 4 year cycle for bitcoin market. I guess bitcoin market is waiting for taproot upgrade to happen which might lead more people get into hype. As of now, I am still positive about getting into $100k and then $146k like JP Morgan speculated but which may not happen within 2021.

So, there are possibilities for having bull run even in 2022. When bitcoin block rewards keep shrinking then we will have longer bull run than past 4 year cycles. This way, this year could be the first time to have more than 12 months long bull run.

[batang_bitcoin]

Definitely Bitcoin will gonna reach that price or even 1,000,000 USD we will just wait. But i think for this year it will be hard for Bitcoin to even reach 100,000 USD,

I won't say that it's hard, did you expect bitcoin reaching $67k for this year? I bet you didn't since last year was quite passive until the end of it became active and showed the start of the bull run.

for me the possible maximum price of bit coin is 80,000 USD, in my opinion.

Every price is possible at the end of this year or by cycle. We're on a correction and this might be the force again that will help break $70k first and then so on.