JPMorgan says BTC looks cheap next to gold, points to $170K fair value

💡 DMK Insight

JPMorgan’s bullish forecast for Bitcoin could be a game-changer for traders looking for momentum. With the potential for significant upside, traders should consider positioning themselves ahead of any price movements. If Bitcoin starts to break above key resistance levels, it could trigger a wave of buying from both retail and institutional investors. Watch for Bitcoin to test its recent highs—if it can hold above those levels, we might see a strong rally. But don’t ignore the risks; any sudden market shifts could lead to volatility, so keep an eye on broader market trends and sentiment. The real story is whether this forecast translates into actual buying pressure in the coming weeks, especially as we approach the end of the month, which historically can bring increased trading activity.