JP Morgan says BTC price could drop after 2024 halving

[Abiky]

History has shown us that Bitcoin's market price goes up after each halving. But this time's different. Especially when institutional investment companies are buying up most of the circulating supply. BTC reached a new ATH right before the anticipated halving event of April 2024. Prices are going up, and everybody's happy. But what if there's a big market correction once the hype ends? According to JP Morgan, Bitcoin could go down to the $40k range after the halving craze is over. So we'll be seeing the inverse effect of what used to happened before spot ETFs became a thing in the crypto industry. You can read all about it here: https://www.theblock.co/post/279833/jpmorgan-bitcoin-price-april-halving

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

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[Oshosondy]

What I see about this is that JP Morgan may want the market to crash so that he can buy more bitcoin at lower price. It will surprise him and see how he failed in his analysis when bitcoin get to $100000. What I can say is that people should not listen to him because he is analyzing the market in a wrong way or for his personal reasons.

[btc78]

If history repeats and often it does, the price goes up right after halving but will be then soon followed by a bear run. I think we can blame this on investors taking their profits after a whopping bull run 

Calling this all ‘hype’ is an understatement. Yes, it will go down but take this as an opportunity to keep buying bitcoin as I am sure it will also keep increasing even after a bear run

[SamReomo]

JP Morgan isn't sure what he's saying, this time Bitcoin will again move upwards after the halving event. In fact this time the market is moving much faster even before the halving event. JP Morgan will see that his sayings will all be wrong when Bitcoin reaches or crosses $80k value during the halving event. Everyone who wants Bitcoin will be lucky if Bitcoin drops back to $40k, they will accumulate a lot of it.

[franky1]

when JPmorgan wants people to sell he will be the one buying
when JPmorgan wants people to buy he will be the one selling

he WANTS people to sell now to get the price down again before 2025 so he can buy cheap coin before the 2025 (pattern) next ATH trigger year

so when he says it can go down he wants people to sell now to make people become the trigger of a fall.. thus create a self fulfilling prophecy.. so he can buy at a discount to current prices

[Natsuu]

If history repeats and often it does, the price goes up right after halving but will be then soon followed by a bear run. I think we can blame this on investors taking their profits after a whopping bull run 

Calling this all ‘hype’ is an understatement. Yes, it will go down but take this as an opportunity to keep buying bitcoin as I am sure it will also keep increasing even after a bear run

I get it. The hype is real but you're right it's an understatement. Seeing the downturn as a buying opportunity aligns with a strategic approach since Bitcoin's resilience often means it bounces back even after a bear run. It's like a cycle and ride the highs, weather the lows and use the dips to accumulate more. It's not just hype because it's a chance to play the long game in a volatile market

[Kelward]

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

I think that what is certain is that we're going to experience a massive bull run, because the Bitcoin ETF has created more awareness for it, the adoption has increased significantly, so more investors are flooding in to invest and have an experience of the bull season's ROI. I feel that after halving we can experience some price fluctuations, pretty much what is happening now, but it won't dip to $45k, as estimated by JP Morgan, it won't affect price to reach the estimated $150k or above in the peak of bull run. So far I'm focusing on the peak of bull run, I'll keep hodling.

[Doan9269]

History has shown us that Bitcoin's market price goes up after each halving.

It is very possible that we should experience a dump in the market immediately after halving this year, because such period will also b e characterized by high volatility, we are also likely not to see this happening, but if we may go by the way the bitcoin market pattern goes immediately after the approval of bitcoin spot ETFD, the market goes dip and later now we are here at it again on bullrun.

So in such period we can realized a dump in the market price but that is not going to be a long term experience and even if it does, we have the other alternative and convincing assurance that bitcoin will surge back and we are going to form more new all time highs till the last one is marked for the halving, this may extend between that time to 2025.

[Franctoshi]

 I believe he's looking for a pullback buying opportunity after the halving, normally with my experience in the previous Bitcoin Halvingsq, there are few occasions where we had Bitcoin got a major correction after the halving and whereas in some cases too, we have had the price going forward just with a minor correction post Halving, therefore no one can actually tell which direction that Bitcoin will take post Halving, and besides Bitcoin does whatever thing it wants to do at any given time.

So, from my perspective, if Bitcoin keeps increasing in price towards Halving, there's a chance we will get a correction post Halving Because, then the RSI must have gone way overbought because we already touched the 70% overbought area on daily timeframe, but if we eventually get a correction pre-Halving, then I kind of think we will head higher after Halving without the supposed pullback.

[BlackBoss_]

Jamie Dimon again and he does not change himself.

Bitcoin is a fraud.
Bitcoin is dead.
Bitcoin will fall/ fail.

But he can not ignore benefit for his bank, JP Morgan by adding more new services for their customers to use the bank and access to Bitcoin and cryptocurrency market.

JPMorgan's Dimon says bitcoin 'is a fraud'
JPMorgan to give all wealth clients access to crypto funds.

[Smack That Ace]

Most of the answers are very bullish and no one believes that bitcoin will correct after the halving but bitcoin often tends to go against the crowd.  I just want to remind everyone that, when the ETF was approved, everyone believed that bitcoin would continue to rise higher, but the results after that were probably clear to everyone. I believe that scenario will continue to be reused by market makers. I don't care about JP Morgan's prediction, but the scenario of bitcoin adjusting after halving is completely possible and I have also thought about this. I'm still waiting for that to happen and we'll see who's right.

[Zaguru12]

Most of the answers are very bullish and no one believes that bitcoin will correct after the halving but bitcoin often tends to go against the crowd.  I just want to remind everyone that, when the ETF was approved, everyone believed that bitcoin would continue to rise higher, but the results after that were probably clear to everyone. I believe that scenario will continue to be reused by market makers. I don't care about JP Morgan's prediction, but the scenario of bitcoin adjusting after halving is completely possible and I have also thought about this. I'm still waiting for that to happen and we'll see who's right.

Same thoughts here, JP Morgan to me isn’t even stating something extraordinary from what the whole crowd knows, we might all be bullish on bitcoin base on the funds we have on it but we cannot take out the fact that there will be correction, Morgan isn’t even exact certain with his prediction, after halving can still be two years from now. As for me a price of bitcoin hitting anything close to $100k we will see a correction, because this is the price target I assumed many people have set out to take profits, either it is after halving (which is the most realistic thing now) or even before it

[Bravut]

        JP Morgan is simply creating tensions in the market,  because many people will sell and believe what he is saying which isn't possible, I do tell people what this companies, media do is to use there influence to create liquidity in the market for there own benefit.
  He simply looking for a room where people will sell there bitcoin, thereby making his Bank buy cheaper bitcoin.
      Keep holding bitcoin, and also buy more. The media is the only means they can use to create tension and pressure in the market.
 
     Past history shows after halving bitcoin pumps more, even if bitcoin drops after halving it doesn't mean bitcoin won't rise, the bullrun will last till September 2025.
Only Patient bitcoiners will benefit.

[Marvelockg]

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices? Do you think the halving is already priced in? What would you do? Sell or keep "hodling"? Your input would be greatly appreciated. Thank you.

no one is certain on what the price would be after the halving and whatever you've seen out their is mere sentimental opinion that's just based on what they want out of the market.

After seeing how bullish the current market is, it's not strange that you will find a lot of people waiting for another bearish season just so they can come into the market. Some might have sold and made some profit out of their previous investment and might be looking out for a perfect opportunity to buy at the best DIP. I guess that's the angle JP Morgan is coming from.

[Uhwuchukwu53]

What I see about this is that JP Morgan may want the market to crash so that he can buy more bitcoin at lower price. It will surprise him and see how he failed in his analysis when bitcoin get to $100000. What I can say is that people should not listen to him because he is analyzing the market in a wrong way or for his personal reasons.

The analysis is made of self interest, from what I am seeing the ATH will continue even if ATL occur it will not return to this $42000 as analyzed by him, which ever ways I believe even if it drop is an opportunity to accumulate and hold.

[Lucius]

OP, if you have any faith in what JPM puts out to the public every now and then, it might be wise to sell now and wait for their "prophecy" to come true. I, on the other hand, do not listen to what bankers, crazy politicians and old entrepreneurs say, because otherwise I would invest in gold, stocks and bonds, and not in Bitcoin.

The same JPM published another "spectacular" analysis a few months ago

J.P. Morgan Thinks the Big Crypto Rally Is Overdone

[boyptc]

Whatever.

Correction, dump, drop, or whatever he calls. It's normal for Bitcoin to have some correction during these all time highs. But the good thing with this moment is that we're not yet in halving and we're anticipating more to come.

Whether it will be before or after the halving, just expect that there will be some corrections as taking profits are essential for most investors.

[alastantiger]

so when he says it can go down he wants people to sell now to make people become the trigger of a fall.. thus create a self fulfilling prophecy.. so he can buy at a discount to current prices

JP Morgan should be tired of  their strategy of manipulation to get people to impulsively being to sell off their bitcoin. Well only the uniformed would do so. We are familiar with their schemes. Anyone who FOMOs now is doing so at their own peril. These big guys will come on-air and say stuff like this, they will just scare the fainthearted and after that the fainthearted sell their bitcoin, then they buy it at lower price. Anyone who has been investing in bitcoin within the last two years should know this really well.

[Abiky]

Most of the answers are very bullish and no one believes that bitcoin will correct after the halving but bitcoin often tends to go against the crowd.  I just want to remind everyone that, when the ETF was approved, everyone believed that bitcoin would continue to rise higher, but the results after that were probably clear to everyone. I believe that scenario will continue to be reused by market makers. I don't care about JP Morgan's prediction, but the scenario of bitcoin adjusting after halving is completely possible and I have also thought about this. I'm still waiting for that to happen and we'll see who's right.

Exactly. Everybody's happily talking about BTC going up. But you will see the majority panic selling once there's a market correction. It could either happen this year, or the following one. JP Morgan could've said those comments to buy more BTC at a discounted price. Who knows?

No matter what happens in the future, you can rest assured it will never go to $0. If demand stays high after each halving, BTC will become much more valuable in the long run. It's the best-performing asset on Earth. Maybe it will go as far as "toppling" Gold's market cap?

[Rikafip]

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving?

I don't think that we need JPMorgan (or anyone else for that matter) to tell us that bitcoin may have correction after halvening.

As for my opinion, I think we are due for a proper correction before we go more up. Then again, many of us are expecting exactly that, meaning there is a good chance that it won't happen and that Bitcoin continues going up slowly with only minor corrections.