JPMorgan, Citi see Bitcoin Q4 boom: Here are their price targets

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Key takeaways:

Wall Street’s year-end Bitcoin forecasts scope from $133,000 to arsenic precocious arsenic $200,000.
Most hold that persistent Bitcoin ETF inflows and golden correlation whitethorn sprout BTC to caller grounds highs.

Bitcoin (BTC) has bounced by implicit 13% successful the past 7 days and is inching toward its grounds precocious of $124,500.

Bitcoin is poised to scope caller grounds levels by the extremity of 2025, according to apical Wall Street and UK fiscal institutions.

Citigroup sees BTC reaching $133,000

Citigroup expects Bitcoin to extremity 2025 astatine astir $133,000, mounting a caller grounds high. That implies a comparatively humble 8.75% upside from existent terms levels astatine astir $122,350.

The banking giant’s basal lawsuit projects dependable maturation supported by robust inflows from spot exchange-traded funds (ETFs) and digital plus treasury allocations, which it sees arsenic the cardinal structural drivers of Bitcoin’s adjacent limb higher.

As of Saturday, each US-based Bitcoin ETFs were managing implicit $163.50 cardinal successful BTC. Citi estimates that caller ETF inflows volition beryllium astir $7.5 cardinal by year-end, helping to prolong demand.

However, Citi’s carnivore lawsuit puts Bitcoin arsenic debased arsenic $83,000 if recessionary pressures intensify and hazard sentiment fades.

JPMorgan analysts: Bitcoin to $165,000 successful 2025

Bitcoin remains undervalued comparative to golden erstwhile adjusted for volatility, according to a squad of JPMorgan Chase strategists led by managing manager Nikolaos Panigirtzoglou.

The Bitcoin-to-gold volatility ratio has dropped beneath 2.0, meaning Bitcoin present absorbs astir 1.85 times much hazard superior than gold, they wrote successful the latest study published connected Wednesday.

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Based connected this ratio, Bitcoin’s existent $2.3 trillion marketplace capitalization would request to ascent by astir 42%, implying a theoretical BTC terms of astir $165,000, to lucifer the estimated $6 trillion successful backstage golden holdings crossed ETFs, bars, and coins.

Gold, often viewed arsenic Bitcoin’s accepted macro counterpart, is up astir 48% year-to-date, putting it connected way for its champion yearly show since 1979.

However, the yearly relative spot scale (RSI) for the XAU/USD brace has climbed to astir 89, its astir overbought speechmaking since 2012.

This is simply a level that historically preceded deep, multiyear corrections of 40–60%. Therefore, gold’s uptrend whitethorn suffer steam successful the coming weeks.

Meanwhile, BTC has shown an 8-week lagging correlation with gold successful caller years, further reinforcing JPMorgan’s outlook for a year-end Bitcoin rally if superior rotates from the precious metal.

JPMorgan’s bullish outlook besides assumes a dependable watercourse of spot ETF inflows arsenic the Federal Reserve continues its rate-cutting cycle successful the coming months.

Standard Chartered leads with a bold $200,000 call

Standard Chartered remains the astir optimistic among large banks, predicting Bitcoin could scope $200,000 by December.

Like Citigroup and JPMorgan, the bank’s analysts mention sustained ETF inflows—averaging implicit $500 cardinal per week—as a cardinal operator that could assistance Bitcoin’s full marketplace capitalization person to $4 trillion.

Growing institutional adoption, alongside a weakening US dollar and improving planetary liquidity conditions, could acceptable the signifier for different parabolic determination akin to Bitcoin’s 2020–2021 bull run, the analysts explain.

Standard Chartered’s analysts framework the $200,000 script arsenic a “structural uptrend” alternatively than a short-term speculative rally.

VanEck sees Bitcoin climbing to $180,000 successful 2025

Asset manager VanEck projects that Bitcoin could scope astir $180,000 by 2025, citing post-halving rhythm dynamics.

The steadfast argues that the April 2024 halving has acceptable the signifier for a proviso squeeze, with ETF request and integer plus treasuries providing the structural substance for the adjacent limb of the upward trend.

Bitcoin’s show since the halving is erstwhile again mirroring erstwhile four-year cycles, arsenic shown successful the illustration below.

Historically, Bitcoin has reached its rhythm peaks betwixt 365 and 550 days aft a halving. As of Saturday, it has been 533 days since the halving, placing it firmly wrong the humanities model for large rallies.

Saad Ahmed, Gemini’s caput of APAC, told Cointelegraph that Bitcoin’s rhythm could widen beyond that range, noting that its four-year bushed is “driven much by quality emotion than axenic math” and volition “very apt proceed successful immoderate form” into 2026.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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