JPMorgan: Bitcoin Poised for $170K Surge as Market Shakes Off Leverage Excess
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JPMorgan asserts that Bitcoin’s recent sharp correction has paved the way for a powerful rebound, setting a $170,000 price target for the next 6-12 months.
The bank’s analysts conclude that a brutal deleveraging phase, which triggered record futures liquidations, is now largely complete.
With key metrics like the open interest ratio normalizing, they believe the primary headwind has passed, allowing Bitcoin’s fundamental drivers to reassert themselves and propel the price significantly higher.
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