Bitcoin's current price is $120,400. J.P. Morgan projects Bitcoin to reach $165,000 and $146,000 citing a fair value relative to gold and the presenter seems agree in a short term to 146K, this considering that spot markets exhibit sales whereas future markets have an increase, also long-term holders seem to be accumulating again and also that volatility is below 2 and short term holders cost basis at $112K..The presenter is adding liquidations levels at $112000 and then liquidations are cleared look for high at $112k and also 108k. The price is showing a consolidation phase between the neutral value up to a point of 1.5 indicating that has even more room to increase.