By Benadeta Mwaura - Reporter
Kenya, December 5 2025 - Even after the recent slump from its October peak, the world’s largest cryptocurrency has not lost all hope, thanks in part to bullish forecasts from major Wall Street players. Analysts at JPMorgan now say there’s a strong case for Bitcoin to recover and possibly surge beyond current levels, even as it trades in a tight band for the rest of the year.
The bank’s team led by strategist Nikolaos Panigirtzoglou argued that Bitcoin, when compared against gold on a volatility-adjusted basis, could reach as high as US$170,000 within the next 6–12 months.
“Our volatility-adjusted Bitcoin-to-gold comparison continues to imply a theoretical Bitcoin price of close to $170k,” JPMorgan wrote, while noting that recent sell-offs and deleveraging in futures markets may have already bottomed out.
That projection gives an optimistic backdrop, even if near-term trading holds within a conservative range of US$85,000 to US$98,000. In this scenario, the consolidation may simply be part of a broader reset: a chance for investors to regroup, for leveraged positions to unwind, and for institutional demand to return.
A key factor for Bitcoin in the coming months is whether it can maintain strong support near the US$85,000 level. Analysts caution that a drop below this point could trigger renewed selling pressure and deepen market volatility.
At the upper end of the range, the US$95,000 to US$98,000 zone has emerged as an important resistance band. If Bitcoin breaks above this threshold and sustains momentum, it could signal a return to bullish sentiment across the market.
More from Kenya
Beyond price ranges, broader macroeconomic conditions remain central to Bitcoin’s direction. Interest-rate decisions, liquidity conditions and global risk sentiment continue to influence investor appetite for crypto assets.
At the same time, institutional flows are expected to play an increasingly significant role. Large funds and major market participants, including those referenced in JPMorgan’s recent outlook, could meaningfully shift the supply-demand balance if they begin accumulating again.
If you’re holding Bitcoin or thinking of entering, the near-term range offers a tactical window, but volatility remains real. The fact that even a major wall-street institution sees upside suggests this could be more than short-lived noise.
It might be wise to consider: using the current consolidation as a “buy zone,” keeping positions size-controlled, and treating any investment as high-risk/high-reward, especially given lingering macro uncertainties.
