JPMorgan Says Bitcoin Has ‘67% Upside,’ Sees $170,000 Within Next 6 Months
Posted On November 6, 2025
Bitcoin (CRYPTO: BTC) could rise to $170,000 within 6 to 12 months, according to JPMorgan Chase & Co. (NYSE:JPM) analysts.
Analysts Say Deleveraging Phase Is Over
In a note released Wednesday, JPMorgan said the crypto market has corrected about 20% from recent highs, with the Oct. 10 liquidation resetting leverage: “The deleveraging in perpetual futures now appears largely over,” the report notes.
The ratio of open interest in Bitcoin perpetual futures to market capitalization has normalized, noting that Ethereum futures showed similar but less …
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