JPMorgan Predicts $BTC Price will Reach $266K 🚨
JPMorgan says Bitcoin price may reach $266,000 in long‑term 🚀, but warns the current downtrend is still intact and the cryto market is in great risk 📉.
Since last October $BTC price is down more than 50%, and analysts see no clear bullish breakout yet. As I said before, the crypto community is now roughly divided into two groups: those who actually trade and analyse, and those who consistently forecast upward trends — i.e., traders versus holders/optimists.
Traders should prepare for another massive decline. Bitcoin price is expected to pullback around $57,500 (61.8% Fibonacci level) ⚠️. These targets mean short‑term traders may face heavy risk, while only long‑term spot buyers may wait for the potential massive uptrend.
On the positive side, JPMorgan highlights that Bitcoin looks more attractive vs gold — the BTC‑to‑gold volatility ratio has dropped to 1.5, one of the lowest on record 💰. That makes BTC more appealing to some institutional investors.
$ETH is in downtrend too, down about 55% from its highs and showing a clear daily bearish pattern — more downward movement could seen for ETH 🧭.
Massive uptrend forecasts exist, but the current outlook remains cautious. Long‑term investors may find opportunity; active traders should manage risk carefully. Follow me for more latest updates on crypto market @TZ_Crypto_Insights
#RiskAssetsMarketShock #WhenWillBTCRebound #JPMorganSaysBTCOverGold #JPMorganBitcoin #BTCVSGOLD

