Bitcoin Eyes New All-Time High As Analyst Sets $170K Target

Bitcoin ETF Inflows Spark $170K Price Target Speculation

The recent surge in inflows into US-listed spot Bitcoin ETFs has caught the attention of market watchers, with a notable $520 million inflow on Tuesday, a stark contrast to the mere $1.15 million inflow the day before and a preceding week that saw $1.22 billion in withdrawals. This dramatic shift in flows is being closely monitored as inflows into ETFs have historically been a catalyst for… Source

Bitcoin Eyes New All-Time High As Analyst Sets $170K Target

According to market watchers, US-listed spot Bitcoin ETFs posted a $520 million inflow on Tuesday, a sharp change after a mild $1.15 million inflow the day before and a recent week that saw $1.22 billion in withdrawals. That swing in flows is being watched closely because inflows into ETFs have in the past helped drive big price climbs. Right now Bitcoin trades around $104,000, and some analysts say a jump toward $160,000–$170,000 is possible if…

JPMorgan sees limited downside for Bitcoin, upside potential toward $170,000

JPMorgan sets Bitcoin’s support price near $94K, citing rising mining costs. Analysts project Bitcoin could climb to $170K based on gold market parity. Bitcoin’s downside seen as limited after network difficulty raises production cost. JPMorgan analysts said Bitcoin’s downside risk appears to be minimal at current levels, citing the cryptocurrency’s rising production cost as a […] The post JPMorgan sees limited downside for Bitcoin, upside poten…