Bitcoin is predicted to hit the $170,000 price level by the global investment bank JPMorgan, and this is expected to occur within a few months. The manner in which this will happen is likened to that of gold. JPMorgan mentioned that shifting expectations for next year (2026), risk aversion, and the speculation about Strategy’s BTC stance are stoking some bullish momentum.
JPMorgan’s analysts weighed in on bitcoin’s recent slide, noting that some traders are worried Strategy (Nasdaq: MSTR) could start trimming its BTC stash as the premium on its stock continues to shrink. CEO Phong Le has suggested that the company would only consider selling if its mNAV drops below 1.
According to JPMorgan, the firm’s newly accumulated $1.4 billion in cash makes any forced bitcoin sales far less likely. The strategists also pointed to the upcoming MSCI review on January 15, which may exclude companies with significant digital-asset exposure from major market indices.
As of the time of writing, the coin was trading at $89,712. Despite this, JPMorgan held to the claim that a gold-like pattern always manifests at a time when the market is under pressure. They mentioned that previous scenarios of macro volatility are attracting investors to cryptocurrency as a safe haven.
Although a negative MSCI ruling or heavy selling from Strategy could weigh on the market, a more favorable outcome might give Bitcoin the push it needs to revisit previous highs. Pro-crypto advocates continue to challenge the bearish sentiment, highlighting growing institutional participation, a more developed market environment, and Bitcoin’s fixed supply—factors they view as strong pillars of long-term strength.
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