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JPMORGAN PREDICTS BITCOIN COULD REACH 170,000 USD IN THE NEXT 6 TO 12 MONTHS



🔸 They believe this could happen when the market becomes more stable and Bitcoin's volatility decreases compared to gold.
🔸 The crypto market has recently dropped about 20% from its peak due to large position liquidations.
🔸 On October 10th, the market recorded a record forced sell-off of Bitcoin futures contracts, the largest in crypto history.
🔸 Confidence continues to wane following the $120 million DeFi hack on the Balancer platform, raising concerns about security.
🔸 However, JPMorgan expects that the price of Bitcoin will recover as investors reduce risk and the market gradually stabilizes again.#GateWeb3LaunchpadBOBLaunches #CryptoMarketPullback #CryptoMarketPullback $BTC $ETH
BTC2.25%
ETH5.23%
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