JPMorgan clients believe Bitcoin will return $ 60,000

12.01.2022

As a result of a survey, over 40% of US bank JPMorgan clients agreed that the value of BTC could once again reach $ 60,000. At the same time, only 5% of respondents believe that Bitcoin can grow to $ 100,000 in 2022.

“Downward sentiment regarding the first cryptocurrency does not surprise me. Our Bitcoin futures-based indicator is oversold, ”said Nikolaos Panigirtzoglu, JPMorgan strategist and research note author.

He also added that the fair price of Bitcoin is in the range of $ 35- $ 73 thousand. In his opinion, the value directly depends on the opinion of investors about the volatility coefficient regarding gold.