Bitcoin Has “Significant Upside” to $170K, JPMorgan Tells Clients

November 7, 2025

JPMorgan analysts see Bitcoin climbing to approximately $170,000 within six to twelve months as perpetual futures deleveraging appears complete and the crypto’s volatility ratio versus gold improves to more favorable levels. Bitcoin currently trades near $101,000, down 1.6% in the past 24 hours.The bank’s strategists, led by Managing Director Nikolaos …