Re: JP Morgan: bitcoin could hit $146,000

JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation? Cheesy

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

The price of bitcoin will never follow a straight upward trend, it will always be associated with minor dumps in between. But at the end of the day, you will see that bitcoin can reach a very high value, even higher than $146k, but the question is when. For me, i don't likely believe that this year bitcoin will hit JP Morgan's prediction, bitcoin moves so slow this time. But by next year, probably it will happen if not in the 1st quarter, then maybe in the 2nd quarter of the year.

And it founds to be associated with gaining more attention. $146k is not that far for not able to happen but could be taking so long as the market trend has never been always on the rising momentum. Can't just ignore the market corrections and whether we like it or not, that certainly come in no specific time. But I guess, this comes after the next halving. It was just like we are doubling the current price and that it happens several time, $30k t- $60k, then, from $70k this year to $146k...well, I hope so.

I also feel that the $146k target is not impossible to achieve, after several times seeing the price of Bitcoin managed to double. One example is
like you said when Bitcoin at $30k managed to go up quite quickly to $60k. And in the crypto world it often repeats itself, and I hope that
the doubling of Bitcoin price will also be repeated. Although we also have to be aware that Bitcoin may also experience a deep correction before
rising to a much higher price. If indeed to reach the price of $ 146k must experience a correction first, it's nothing to worry about as long as
we don't panic and can be patient holding Bitcoin. Because of how far the price of Bitcoin has fallen, Bitcoin can always recover again. So we have
to believe in the future of Bitcoin, if we really want to make big profits from Bitcoin.

I believe bitcoin will hit $146k even more in the future because with the adoption progress still increasing and the acceptance of bitcoin in many countries still have good progress too, it could attract people and companies attention to investing in bitcoin.
That can help to boost bitcoin popularity among them and will get more new bitcoin users to join the bitcoin world.
We should not worry about the correction because that is part of the crypto movements and with the correction, we get a good time to accumulate more bitcoin at a low price.
When bitcoin price can drop drastically after hitting the highest price, that will be the best time to buy bitcoin.