JPMorgan Chase predicts Bitcoin price may reach about 170,000 USD within 6 to 12 months

Significant growth is expected for Bitcoin as leverage adjustments and improved volatility are noted. The current cryptocurrency market has corrected nearly 20% from its peak, primarily due to liquidity concerns.

With the deleveraging process in perpetual futures nearing completion, Bitcoin is becoming more attractive to investors as its volatility ratio compared to gold declines.

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