JP Morgan says BTC price could drop after 2024 halving

[Zlantann]

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 don't trust the predictions of some of these presumed crypto analysts. The process of conducting such research might be faulty and researchers might be biased which might affect the outcome of the findings. Also, JP Morgan has made severe predictions that were highly erroneous. On November 05, 2015, J.P. Morgan Chase CEO Jamie Dimon declared Bitcoin dead at the Fortune Global Forum in San Fransisco. Nobody will expect me to believe this prediction because Bitcoin has become unpredictable. This halving and Spot Bitcoin ETF has changed the Bitcoin cycle to a large extent. What I know is that Bitcoin price is controlled by the force of demand and supply. If the supply is low and demand is high the price will rise and vice versa. There might be a correction caused by profit taking but the price will still rise and my prediction is $100k. I see such news as FUDs, maybe Morgan Chase wants to buy some cheap Bitcoins but they don't such power to influence the market. 

https://cointelegraph.com/news/jp-morgan-chase-ceo-jamie-dimon-bitcoin-is-going-to-be-stopped

[Dickiy]

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.

A big short will still occur but resistance is still strong enough to support prices because demand after last year's halving and demand after this year's halving clearly have strong differences. What I did was send a number of Bitcoins in preparation for the Halving, as a retailer who can only use it for necessities, of course you already know what to do so as not to miss this rare moment. While there are still disputes out there regarding large institutional holdings in Bitcoin, we still need profits in fiat.

[Outhue]

Yes, it could, and for smart investors, it's going to be a final buying opportunity, I crave a massive retrace in Bitcoin price, to be honest, but I don't like getting too emotional, I am not so bullish and I am also not too bearish, I have to learn to not lose my sense about the market anymore, whatever happens, is very welcome in my world.

Either this is coming from JP Morgan or not, I already believe that a correction is possible, even down to 20% but that doesn't mean it will happen, instead of trying this hard to figure out what the future will bring, it's better to be prepared for both possible outcome.

Have some stable coins in your crypto wallet, for taking opportunities when they come, and go back to your life and keep smiling, you have some Bitcoin and also some stablecoins, this is a win/win situation.

[Minor Miner]

Yes, it could, and for smart investors, it's going to be a final buying opportunity, I crave a massive retrace in Bitcoin price, to be honest, but I don't like getting too emotional, I am not so bullish and I am also not too bearish, I have to learn to not lose my sense about the market anymore, whatever happens, is very welcome in my world.

Either this is coming from JP Morgan or not, I already believe that a correction is possible, even down to 20% but that doesn't mean it will happen, instead of trying this hard to figure out what the future will bring, it's better to be prepared for both possible outcome.

Have some stable coins in your crypto wallet, for taking opportunities when they come, and go back to your life and keep smiling, you have some Bitcoin and also some stablecoins, this is a win/win situation.

Frankly, no one has a crystal ball to know what tomorrow will bring, it's all just predictions. I was also thinking about this scenario, bitcoin won't drop anytime soon this month but there could be a big correction after the halving. But as I also said, those are just predictions and nothing is certain, and if we are a smart investor, we should always plan for both outcomes.

In addition, always stockpiling USDT is something everyone should do (USDT always accounts for 20-30% of our assets) because when bitcoin corrects, it will be an opportunity for us.

[Lucius]

~snip~
In addition, always stockpiling USDT is something everyone should do (USDT always accounts for 20-30% of our assets) because when bitcoin corrects, it will be an opportunity for us.

Maybe one day you wake up and realize that this so-called stablecoin is frozen in your wallet, or that the whole scheme collapsed because the authorities finally proved that the tether guys "print" their tokens without being backed by anything. You know what's worse than keeping your savings in fiat? The fact that you keep it in some kind of tokens backed by a private company that can fail at any moment...

[kryptqnick]

Saying that investment companies are buying most of circulating supply is a huge overstatement. They're buying a lot, but that 'a lot' amounts only to a few percent. It's around 1% (4% by some generous estimates) of the circulating supply when it comes to Bitcoin ETFs altogether, 1% of the circulating supply in BlackRock (although it's probably included in the 4% estimate I've mentioned above).
I still believe that Bitcoin's price has nothing to do with Bitcoin halving events, and that's why sometimes it's up, sometimes it's down, sometimes it's up after a significant amount of time, etc.
Bitcoin going down "after halving" is a vague phrase because both summer of 2024 and spring of 2025 are "after halving".

[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.

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

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

[Troytech]

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.

In bitcoin long history you woudl always find that person or persons that always try to speculate shot about bitcoin telling us what would happen and what woudl not, besides it's just speculation even a 12 year 9ld can come online write an article about how he feels that bitcoin woudl drop to 1$ and blah blah blah, I feel jo Morgan is wrong or might not be wrong who knows, but it's better I make decisions based on facts and not someone saying shit, everyone was sure that the bullrun had started right after the ETF was approved and big companies started buying off most of the current supply if bitcoin and this caused the pump, so I can say that unless something strong enough to counter this cation or they decide to start selling then I want ever jp Morgan is saying is just some opinion that has no backbone to it, anyway we can't know what to expect so it's better to stay smart and prepared for anything but really I'm not bothered never had any plans of selling this bullrun, wanna practice some diamond hands  .

Yes, it could, and for smart investors, it's going to be a final buying opportunity, I crave a massive retrace in Bitcoin price, to be honest, but I don't like getting too emotional, I am not so bullish and I am also not too bearish, I have to learn to not lose my sense about the market anymore, whatever happens, is very welcome in my world.

Either this is coming from JP Morgan or not, I already believe that a correction is possible, even down to 20% but that doesn't mean it will happen, instead of trying this hard to figure out what the future will bring, it's better to be prepared for both possible outcome.

Have some stable coins in your crypto wallet, for taking opportunities when they come, and go back to your life and keep smiling, you have some Bitcoin and also some stablecoins, this is a win/win situation.

Sure it would be overly optimistic not to expect a correction at least before we continue the bull journey and I bet a lot of weak hands would be selling during the correct just what they wanted, what i see here is a plot to take bitcoin off retail investors and in full control by the big players, else what is the reason buying so much off the current supply and as it Is if a bear or correction where to happen it should triggered by a massive selling like when Grayscale was selling massive to delay the bull or cause a little dip, let's just see what happens as it is I'm just a spectator of whatever happens next.

[Catenaccio]

Sure it would be overly optimistic not to expect a correction at least before we continue the bull journey and I bet a lot of weak hands would be selling during the correct just what they wanted, what i see here is a plot to take bitcoin off retail investors and in full control by the big players, else what is the reason buying so much off the current supply and as it Is if a bear or correction where to happen it should triggered by a massive selling like when Grayscale was selling massive to delay the bull or cause a little dip, let's just see what happens as it is I'm just a spectator of whatever happens next.

Grayscale selling pressure is huge but it is absorbed very good by Bitcoin Spot ETFs that have net buying demand is bigger than what Grayscale can sell generally.

So buying demands since January is bigger than selling demands include sellings from Grayscale.

Grayscale themselves are trying to stop withdrawal requests from their customers by submit Grayscale Bitcoin Mini Trust with cheaper service fee as their effort to keep their customers stay in Grayscale and won't move to other Bitcoin Spot ETFs.

https://www.grayscale.com/blog/general-updates/what-is-grayscale-bitcoin-mini-trust

[Nothingtodo]

Big Bitcoin whales usually make negative announcements like this to drive the Bitcoin market down and wait to buy Bitcoin. Their announcements often result in massive dumping in the Bitcoin market, and many of their whales buy Bitcoins and adopt holding plans. These whales then usually make positive announcements in the market and resell the bitcoins, taking huge profits.

[Xxmodded]

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

Seems JP Morgan learned with the last halving edition price dropping drastically after halving time and he make bit prediction about the bitcoin price after this halving time. Actually could be true or wrong with JP Morgan prediction depend on supply and demand based on investors keep hold their bitcoin or sell it exactly if can raise to $100k before halving time.
JP Morgan have personal interests with his prediction bitcoin will drop after halving and make many people panic sell their bitcoin assets before halving and he has chance to buy back on lower price, during bitcoin price keep stable don't make your self scare and get panic moment selling bitcoin assets what ever prediction by some one else because most of them try to get advantage buy back bitcoin on lower price.

[ololajulo]

Surprisingly I cant find any strong market influencer like Elon Musk in this market, JP morgan cant take his place and cant be trusted to predict the market. I want to believe will pump then slow down after the halving,then we will have small shaking before the parabolic that can only give us above 100k and massive altcoins pump

[arjunmujay]

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

Seems JP Morgan learned with the last halving edition price dropping drastically after halving time and he make bit prediction about the bitcoin price after this halving time. Actually could be true or wrong with JP Morgan prediction depend on supply and demand based on investors keep hold their bitcoin or sell it exactly if can raise to $100k before halving time.
JP Morgan have personal interests with his prediction bitcoin will drop after halving and make many people panic sell their bitcoin assets before halving and he has chance to buy back on lower price, during bitcoin price keep stable don't make your self scare and get panic moment selling bitcoin assets what ever prediction by some one else because most of them try to get advantage buy back bitcoin on lower price.

The scenario of panicking many people so that they sell bitcoin at a cheap price is familiar to me. because this happens very often.
but lucky for those who are not affected by such, because it is true, it only scares away new investors who are not yet mature with its stance and its persistence with bitcoin.

as you said, they want to take more profit by buying bitcoin at a cheap price in that scenario.

[Smack That Ace]

I am leaning towards the scenario where bitcoin will hit $100K and then there will be a correction. But I don't think people will take profits when bitcoin hits $100k, most people aim to sell bitcoin when it hits $100k. But with bitcoin's current phenomenal growth rate, people will definitely raise their goals higher, I'm pretty sure of this. When the greed of the crowd reaches its peak, it will be the right time for bitcoin to correct and cause panic. And I believe the bull season won't end soon after that, we will have a bigger bull run after bitcoin hits $100k and corrects.

Seems JP Morgan learned with the last halving edition price dropping drastically after halving time and he make bit prediction about the bitcoin price after this halving time. Actually could be true or wrong with JP Morgan prediction depend on supply and demand based on investors keep hold their bitcoin or sell it exactly if can raise to $100k before halving time.
JP Morgan have personal interests with his prediction bitcoin will drop after halving and make many people panic sell their bitcoin assets before halving and he has chance to buy back on lower price, during bitcoin price keep stable don't make your self scare and get panic moment selling bitcoin assets what ever prediction by some one else because most of them try to get advantage buy back bitcoin on lower price.

As I said before, I don't care about JP's predictions and what their intentions are, what I'm saying is that what I'm saying is my prediction for the market. Also, I think bitcoin's rise or fall has little to do with supply and demand, what's happening is more manipulative than what's happening naturally. I feel that since the ETF was approved, our game has completely changed and things are largely being dictated by the forces of Wall Street. So I think they will continue to use the same scenario when ETFs are approved to manipulate us again, and sooner or later the majority of bitcoin will fall into their hands.

[ineedhelpplease]

Well its literally inevitable that btc will drop. It's just what always happens. Best to stick to your intuitions take advantage of it and if its HELLA low like last year, HODL it.

[NotATether]

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 thing is, JP Morgan might actually be right here.

Although whatever Jamie Dimon continues to spout about Bitcoin is bollocks.

When you got so many people buying like this, the price is bound to go even a little bit down sooner or later, because many of those said people will sell.

Surprisingly I cant find any strong market influencer like Elon Musk in this market, JP morgan cant take his place and cant be trusted to predict the market. I want to believe will pump then slow down after the halving,then we will have small shaking before the parabolic that can only give us above 100k and massive altcoins pump

Elon is not even an influencer. He's a bona fide shitposter who happens to be followed by millions of whales and degen traders who then trade according to his tweets.

[Abiky]

People always expect that Bitcoin will rise after halving because once every 4 years, the Bitcoin block reward is split in half but demand increases, which results in a massive bullish market. This year there is a very different situation. This is the first time that Bitcoin got ETF approval and a massive amount of money flooded into it. Bitcoin ETF is as important an event as halving, so in fact, we are experiencing double halving to say it otherwise. Bitcoin will rise even higher after halving and in one year it will reach one of the highest levels of price. Then, it will definitely crash, that's inevitable, when the bubble grows too much, it has a limit where once that gets reached, the bubble will burst and price will crash.

Of course it will crash. It can't keep rising at a non-stop rate. We must take the opportunity to buy more coins at a discount when the crash happens. Once prices rise back up again, it'll be a good time to sell. But most people don't believe in market corrections. They want quick money without all of the pains associated with investing.

I'm afraid most will get "rekt" due to poor investment decisions. The crypto market is like a rollercoaster ride. There are times where BTC and alts go up, and there are times where they go all the way down the drain in an instant. Who cares about what JP Morgan says? As long as Bitcoin "sticks" to the principles of decentralization + censorship-resistance, there should be nothing to worry about.

[AnonBitCoiner]

There is a time for halving and we don't know that what will be the situation after halving but I think it will totally depends on the selling percentage as if more people are selling bitcoin then it's obvious that price will goes down.

It is unknown that at what range the price of bitcoin will reach during halving so after halving prediction is something difficult. I think once we enter into the halving period then price will be more than 80k$ because now it is 73k$ and is still growing.

If halving repeat its history then there is a clear chance that after halving we will see pumping price but eventually people will take their benefit so after a Bull season we will see a bear season and its normal.

[MinoRaiola]

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.

The media can manipulate the price of bitcoin, this has been the case very often. If you look at Elon Musk and twitter, many people know how the prices of bitcoin and meme coins have changed when he has tweeted. The current sitaution of bitcoin is probably driven by the trend of ETFs, they have pump the price up a lot. As long as ETFs are so popular, the price of Bitcoin will continue to rise. I dont think the offer will be so large over time, the new coins mined every day will no longer be able to balance out the demand for bitcoins after the halving, in the long term.

[darkangel11]

First of all, JP Morgan used to criticize bitcoin at every step.
Just watch this. JP Morgan CEO tells people not to buy bitcoin because it's only use case is fraud and money laundering and that was when bitcoin was worth half of what it is now He also said bitcoin does nothing and gold is better because it's limited in supply. This guy doesn't know what he's talking about and you want to take his company's advice? Be my guest.


Halving is not just a hype. It's an actual change in the network that makes it more expensive to mine new bitcoin. Every single coin mined after the halving will have to be sold for twice more than it is now.
I don't care if bitcoin dips after the halving because of speculators. It will be worth more and its real value will manifest itself in the coming months. $100k by the end of the year, you'll see. If you want to play their game and try to buy the dip if it comes, do it. Just don't come crying if you get liquidated because it's their game, they're in control and they will play with leveraged positions, that I'm sure of.