JPMorgan has issued a bullish prediction for Bitcoin’s price, forecasting it could reach $170,000 within the next six to twelve months. The forecast is attributed to easing selling pressure in perpetual futures markets and increased liquidity in the cryptocurrency market. Nikolaos Panigirtzoglou, Head of Equity Research at JPMorgan, led this analysis. 6-12 months out: Bitcoin price could reach $170,000 according to their analysis. This prediction holds significance as it could influence institutional investment strategies, potentially positioning Bitcoin as a viable digital gold alternative, and impacting broader cryptocurrency market conditions and investor sentiment.