Here’s Why JPMorgan Analysts Are Still Bullish On The Bitcoin Price After Crashing Below $100,000

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📊 JPMorgan Remains Bullish on Bitcoin Despite Recent Volatility

While Bitcoin's recent drop below $100,000 has rattled many investors, institutional giants like JPMorgan are doubling down on their optimistic outlook.

Key Highlights:

• JPMorgan analysts forecast Bitcoin could reach $170,000 within 6-12 months

• The bank views BTC as significantly undervalued compared to gold

• Recent 20% correction driven by liquidation events is seen as a healthy market purge

• Technical analysts identify the 50-week EMA as strong cyclical support

Led by Managing Director Nikolaos Panigirtzoglou, JPMorgan's team believes the deleveraging phase has ended, paving the way for more stable institutional accumulation.

Despite major liquidation events in October and November, the long-term thesis remains intact.

Could this volatility be setting the stage for Bitcoin's next major rally?

#Bitcoin #Cryptocurrency #InstitutionalInvesting #FinTech

https://www.tradingview.com/news/newsbtc:cffbbed33094b:0-here-s-why-jpmorgan-analysts-are-still-bullish-on-the-bitcoin-price-after-crashing-below-100-000/

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