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Recently, JPMorgan released its outlook for Bitcoin and continues to maintain a long-term optimistic forecast.
It predicts that Bitcoin will approach $170,000 in the future. If the market remains stable, Bitcoin is highly likely to see a significant appreciation next year.
This week's news schedule:
1. At midnight on December 9 (Beijing time), the US will release the November New York Fed 1-year inflation expectations;
2. At 3:00 AM on December 10 (Beijing time), the Federal Reserve FOMC will announce its interest rate decision and economic outlook summary. At 3:30 AM, Federal Reserve Chair Powell will hold a monetary policy press conference;
3. At 9:00 PM on December 12 (Beijing time), 2026 FOMC voting member and Philadelphia Fed President Harker will speak on the economic outlook. At 9:30 PM, 2026 FOMC voting member and Cleveland Fed President Mester will deliver a speech.
In addition, Japan is highly likely to announce a rate hike this month, which will negatively impact market liquidity. Year-end news is basically set, and the trend is that after all the good news is out by the end of the month, it turns into bearish sentiment, and once all the bearish news is out, it turns into bullish sentiment. Overall, the market is sluggish—tasteless to eat, a pity to discard.
The only thing one can seemingly do is to take advantage of market fluctuations and buy some high-flexibility assets when prices are low and the market is warming up, such as Musk’s little 🐶Shiba🐶Inu🐶. As a top-tier meme coin on the Ethereum chain, it will be a hot candidate for the next market cycle. Hold patiently and wait for the right opportunity.
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