JP Morgan: bitcoin could hit $146,000

[jaberwock]

When JP Morgan talks about a high price, be prepared for the price to begin to decline. I remember their summer predictions for bitcoin, when they predicted a drop in bitcoin to 20-24 thousand, or so. Just before the end of the correction and the price reversal. Usually all these analysts shout about high prices before the start of the correction. All the same, do not forget that this is an investment bank and 90% of their time professional traders of this investment bank are engaged in market making.

That is called market manipulation, they talk about the market like it will do good and sell theirs and that's how they make their money, they expect everyone to get in so that they could get out without losing too much. This is just a method that they use so that they could profit the maximum.

Same concept goes when they want to buy as well, they make news both from their own mouths like this one but also they pay newspapers to talk badly about bitcoin as well and hope that everyone sells, so that they could buy cheap as well and reenter after they sell. This is just a method that whales use to manipulate the market and it is as old as time, nobody believes them anymore.

[macson]

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.

we've seen a lot of influential people give their predictions about the price of bitcoin.  i'm very sure the price of bitcoin will go to the price that jp morgan said and it will definitely happen in 2022, next year will be a big year for bitcoin.

[romero121]

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.

we've seen a lot of influential people give their predictions about the price of bitcoin.  i'm very sure the price of bitcoin will go to the price that jp morgan said and it will definitely happen in 2022, next year will be a big year for bitcoin.

I don't think so, because every market move takes place on a cyclic process. For now bitcoin have reached a good price. Further it needs corrective measures and gain stability for a bigger push. Bitcoin could reach new ATH if it was able to break the $64k resistance. If not it'll test the $60k zone and might fall as low as $55000.

[wxa7115]

These banks and analysts always make these predictions. And half the time they are right the other half they are wrong, so what is the point exactly of them.

I doubt they actually take any positions with their predictions anyways. Just the other day I heard one bank say that the price off crude oil will hit $120 while a few days prior some oil company said that prices won’t go any higher than they are today. Basically nobody knows where anything is going to go in the near future.

We may not see the point of those predictions especially when it seems JP Morgan is contradicting itself constantly, but for the average investor this is gold, they love to hear about the predictions banks and other investors make about an asset as they mistakenly believe this gives them insight about the markets and gives them an edge.

Which makes no sense as how can they get an edge from information which is publicly available? So just ignore it and treat it as the background noise it really is.

Comes to a point that words out of these people/institution wouldnt really be that important for us to mind off because they arent consistent or do change up from time to time as they do like.
So better to ignore and wont really be stressing out yourself whether they do predict about those 6 digits or predicting about those crash in price.What you should think is that
on how you would able to utilize these current movements for your benefit.You cant really just let those words would affect your decisioning in terms of investment.
Always take consideration that no one could ever predict on whats ahead.

As simple as that, I know since we are deeply interested in this market that we will on average read more news than other investors which are part of this market, but at the same time we need to learn how to not let all of that background noise affect us.

After all the only thing that should matter is what are our views about bitcoin and nothing more, as it is obvious that institutions like JP Morgan are trying to shape public opinion with their statements, and it is obvious they are doing this in order to benefit themselves, so it is important to not let their statements affect us, otherwise we could play right into their hands and go against our own interests.

[Welsh]

That is called market manipulation, they talk about the market like it will do good and sell theirs and that's how they make their money, they expect everyone to get in so that they could get out without losing too much. This is just a method that they use so that they could profit the maximum.

Same concept goes when they want to buy as well, they make news both from their own mouths like this one but also they pay newspapers to talk badly about bitcoin as well and hope that everyone sells, so that they could buy cheap as well and reenter after they sell. This is just a method that whales use to manipulate the market and it is as old as time, nobody believes them anymore.

It would only be market manipulation if they are directly benefiting from it or at least trying to purposely do it. Otherwise, it's just making predictions without any substance behind them, both pretty bad. Though, most people don't care about either. Do we know how much JP Morgan are invested into Bitcoin, is that public knowledge? Since, if they did offload Bitcoin after claiming Bitcoin would reach x amount, then that would be clear manipulation, trying to artificially inflate the price, and then sell a large amount, and reinvest at a later date, rinse, and repeat.

Though, I'll be honest I don't know how effective the above title would be at increasing the price in the short term. After all, Tesla was bigger news recently, and that didn't really have much of a significant impact, at least not for long.

[StreakW]

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.

I think the predictions of several experts including JP Morgan who predict the price of bitcoin to break through $146,000 will most likely happen next year. Moreover, the price of bitcoin is strengthening significantly. In fact, in this year the price has twice broken all-time highs.

[Ziskinberg]

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.

I think the predictions of several experts including JP Morgan who predict the price of bitcoin to break through $146,000 will most likely happen next year. Moreover, the price of bitcoin is strengthening significantly. In fact, in this year the price has twice broken all-time highs.

Bitcoin has reached new ATH twice this year, indeed the opportunity for Bitcoin to reach that price is very wide open, but on the other hand for now it is impossible for bitcoin to reach that price, even though bitcoin is currently in a good trend, and I'm not sure that will happen this year, considering that $146,000 is not the best price for bitcoin right now and it is very difficult to reach that number.

It's probably difficult but you can never say it's impossible for bitcoin to hit that price as one big piece of news would likely cause another huge run that people will once again FOMO and bitcoin will reach a new ATH. The period is short as we only have more than 1 year to finish the year but since we are in crypto where it's very unpredictable, believe that anything could happen despite a short period of time.

[Ngemmeng]

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.

even 10 years ago $80k USD sounded impossible, and probably no one would believe it.
but right now $80k USD sounds very reasonable and even many people believe the price of bitcoin will go much higher than that price. I mean bitcoin is capable of turning the impossible into possible, and in the future 1 million USD will sound very reasonable.

[Fatunad]

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.

even 10 years ago $80k USD sounded impossible, and probably no one would believe it.
but right now $80k USD sounds very reasonable and even many people believe the price of bitcoin will go much higher than that price. I mean bitcoin is capable of turning the impossible into possible, and in the future 1 million USD will sound very reasonable.

We could only say that just because it did really happen but to those who did really believe that we could go this far and we are almost able to hit that 80k but of course we do need to break that 70k resistance.
For those who do believe when bitcoin was almost had no value then they are the ones who do really make out some enormous profits.Anyone could really make their own speculations or assumptions
about price predictions and this is where people do make out some debates neither argumentations whether its a realistic or non one.

[jostorres]

We could only say that just because it did really happen but to those who did really believe that we could go this far and we are almost able to hit that 80k but of course we do need to break that 70k resistance.
For those who do believe when bitcoin was almost had no value then they are the ones who do really make out some enormous profits.Anyone could really make their own speculations or assumptions
about price predictions and this is where people do make out some debates neither argumentations whether its a realistic or non one.

I am "sort of" a person who believed that we would reach these prices. I have to be honest I had no idea it would be this quickly, I expected 50k+ to be broken by 2025 and not during 2021 and I am 4 years too late in my prediction. This is why I said "sort of", because I did believe we would be at these prices, I knew we would be because bitcoin is pegged against fiat and fiat keeps getting inflation so it is reasonable to expect bitcoin to be 50k+ one day, just didn't know it would be this quickly.

I also expect it to be 100k and then 250k and 500k and 1 million dollars, all of that will happen one day. Do I know when it will happen? I have zero clue, if you ask me at least 2030 before we reach to 500k, and maybe 2040 or so until we are 1 million dollars. However would I be shocked if we reach those levels in 5 years? I would not be, because that's how fast bitcoin could be.

[noormcs5]

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.

Are you sure bitcoin will reach 80,000$ this year ? There are only 40 days left in this year and currently bitcoin is struggling to cross 60,000$ again. There is a possibility that bitcoin might fall below 50,000$ if this downside move continues.
I see very little hope that bitcoin reaches 80K or more within this year.

[tygeade]

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.

Are you sure bitcoin will reach 80,000$ this year ? There are only 40 days left in this year and currently bitcoin is struggling to cross 60,000$ again. There is a possibility that bitcoin might fall below 50,000$ if this downside move continues.
I see very little hope that bitcoin reaches 80K or more within this year.

Just because it is struggling to go over 60k doesn't mean that it will always be like that, and doesn't mean it can't change in a single day neither. I believe that we could literally go over 70k in under a week and we have gone up that much in less than a week before as well.

Since, we went down this quickly, it wouldn't be shocking to go back up that quickly yet again neither. I do not mean that we will be 80k by the end of the year, I do not know what it will be, it could be 10k or it could be 100k and nobody really knows. All I am saying is that just because we are having trouble with 60k barrier right now doesn't mean that we will have that same problem forever, it could change in a single day.

[STT]

146k next year would be nice but JPM is painting the ideal scenario without all the negatives and speculative sell offs that almost always occur.    We just beat the negative trend, we regained momentum some but I still dont think we have a clear path even for the rest of this year; we remain obstructed and 146k is the idea of a clear path up a dream most often elusive.

[Vaskiy]

146k next year would be nice but JPM is painting the ideal scenario without all the negatives and speculative sell offs that almost always occur.    We just beat the negative trend, we regained momentum some but I still dont think we have a clear path even for the rest of this year; we remain obstructed and 146k is the idea of a clear path up a dream most often elusive.

Same as JPM more other influential people are highly positive and bullish about the market without taking into consideration the negatives and speculative sell offs. The market experienced a downfall termed to be the correction. There is gradual recovery, and this growth could continue with the month. However the day candle for the month have ended below the $58000 which could retest $55000. Reaching $146k will take place, but not in the upcoming months.

[temple]

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.

JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?

 

It is funny that we are discussing two articles here, one published on November 3rd and the other one on November 4th, significantly contradicting each other. They literally say that the fair value of Bitcoin should be around $35,000 while one day before they talk about the $146,000 price target. Going for a fair value assessment for Bitcoin is doubtful anyway, but that discrepancy is funny to say the least. It is not like they corrected their price target by 10% or so. The good thing is we all have been around for a while and we know that JP Morgan changes their mind every couple of days.

https://dailyhodl.com/2021/11/04/jpmorgan-analysts-challenge-100000-bitcoin-predictions-say-btc-currently-overpriced-report/

[NeuroticFish]

It is funny that we are discussing two articles here, one published on November 3rd and the other one on November 4th, significantly contradicting each other. They literally say that the fair value of Bitcoin should be around $35,000 while one day before they talk about the $146,000 price target. Going for a fair value assessment for Bitcoin is doubtful anyway, but that discrepancy is funny to say the least. It is not like they corrected their price target by 10% or so. The good thing is we all have been around for a while and we know that JP Morgan changes their mind every couple of days.

Indeed, that's why I thought they want to attempt a week-end pump back then.
For somebody knowing both their statements it clearly shows that they are more confused than ever.
Changing their mind for profit is one thing; changing the statements like this is funny, stupid and make them lose any credibility (in case they still had any).
However, it's old story by now   I think it's better if I even lock this thread.