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

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.

I think the predictions of several experts including JP Morgan who predict the price of bitcoin to break through $146,000 will most likely happen next year. Moreover, the price of bitcoin is strengthening significantly. In fact, in this year the price has twice broken all-time highs.

Bitcoin has reached new ATH twice this year, indeed the opportunity for Bitcoin to reach that price is very wide open, but on the other hand for now it is impossible for bitcoin to reach that price, even though bitcoin is currently in a good trend, and I'm not sure that will happen this year, considering that $146,000 is not the best price for bitcoin right now and it is very difficult to reach that number.

It's probably difficult but you can never say it's impossible for bitcoin to hit that price as one big piece of news would likely cause another huge run that people will once again FOMO and bitcoin will reach a new ATH. The period is short as we only have more than 1 year to finish the year but since we are in crypto where it's very unpredictable, believe that anything could happen despite a short period of time.