Bitcoin has risen above $101,000, indicating that the bulls are aggressively defending the $100,000 support. Several analysts say that BTC may bottom near $100,000, but Bloomberg analyst Mike McGlone said in a post on X that BTC could collapse to $56,000. However, not everyone is bearish on BTC. JPMorgan analysts said in a report that BTC is trading below its fair value based on the bitcoin-to-gold volatility ratio. The analysts project BTC to rally to about $170,000 over the next six to 12 months. Another positive for BTC could be the strong underlying demand for BTC exchange-traded funds (ETFs). Brokerage giant ... (full story)