{"id":16343,"date":"2022-01-11T11:35:00","date_gmt":"2022-01-11T10:35:00","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=16343"},"modified":"2022-01-11T11:41:15","modified_gmt":"2022-01-11T10:41:15","slug":"41-of-jpmorgan-clients-see-bitcoin-finishing-2022-above-60000","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/41-of-jpmorgan-clients-see-bitcoin-finishing-2022-above-60000\/","title":{"rendered":"41% of JPMorgan clients see Bitcoin ending 2022 above $60,000"},"content":{"rendered":"\n
The majority of JPMorgan <\/a>clients are bullish on Bitcoin as they see it finishing 2022 above $60,000.<\/h5>\n\n\n\n
\"41%
41% of JPMorgan Clients see Bitcoin ending 2022 Above $60,000<\/figcaption><\/figure>\n\n\n\n

41% see BTC above $60,000 by the end of 2022<\/h2>\n\n\n\n

Most clients surveyed by JPMorgan Chase anticipate Bitcoin<\/a> will end the year above $60,000. According to the bank, only 2% of respondents think Bitcoin will fall below $10,000 by 2023.<\/p>\n\n\n\n

\"41%
41% of JPMorgan Clients see Bitcoin Finishing 2022 Above $60,000. Image by\u00a0bloomberg.com\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/em><\/figcaption><\/figure>\n\n\n\n

This contradicts bears' predictions that 2022 will be a rerun of 2018 when the Bitcoin price fell over 70%. Some analysts foresee a major Bitcoin correction owing to the US. The Fed is becoming hawkish.<\/p>\n\n\n\n

Despite this, JPMorgan<\/a> clients do not expect a major increase in the flagship cryptocurrency this year. According to the poll, only 5% predict that Bitcoin will reach $100,000.<\/p>\n\n\n\n

Bitcoin might reach $100,000 in five years, according to Goldman Sachs, if it continues to eat into gold's market share.<\/p>\n\n\n\n

According to U.Today, Fundstrat's permabull Tom Lee expects Bitcoin to hit $200,000 this year. Bitcoin, according to cryptocurrency evangelist Brock Pierce, may reach that level in 2022.<\/p>\n\n\n\n

Sold out?<\/h2>\n\n\n\n

Bitcoin, according to analyst Nikolaos Panigirtzoglou, is oversold.<\/p>\n\n\n\n

On Monday, Bitcoin fell below $40,000 for the first time since late September, but bulls rallied to bring it back to $42,000.<\/p>\n\n\n\n

To regain its all-time high of $69,000, Bitcoin would need to recover nearly 39%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The majority of JPMorgan clients are bullish on Bitcoin as they see it finishing 2022 above $60,000. 41% see BTC above $60,000 by the end of 2022 Most clients surveyed by JPMorgan Chase anticipate Bitcoin will end the year above $60,000. According to the bank, only 2% of respondents think Bitcoin will fall below $10,000 […]<\/p>\n","protected":false},"author":29,"featured_media":15704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[5371,6448],"class_list":["post-16343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-2","tag-jpmorgan-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/According-to-a-cryptoanalyst-Bitcoin-may-be-poised-for-new-gains.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=16343"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/15704"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=16343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=16343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=16343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}