JPMorgan analysts said there is "very limited" room for bitcoin to fall from its current level, with its support price around $94,000. The analyst team, led by managing director Nikolaos Panigirtzoglou, noted in a report released on Wednesday that the estimated cost of production for bitcoin - traditionally seen as a floor or support price - has risen to around $94,000 from around $92,000 recently.
At the same time, the analyst reiterated last week's forecast for a rise in bitcoin prices of around $170,000 over the next 6-12 months based on a volatility-adjusted comparison between bitcoin and gold.
JPMorgan expects Bitcoin support at $94,000 and maintains upside expectations at $170,000
2025-11-13 15:14:07
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