[JPMorgan Expects Bitcoin Support Level at $94,000, Maintains $170,000 Target] The analyst team at JPMorgan stated that the downside potential for Bitcoin from its current price level is 'very limited,' with a support price of approximately $94,000. The team, led by Managing Director Nikolaos Panigirtzoglou, noted in their report that the estimated production cost of Bitcoin has risen from around $92,000 to approximately $94,000. Additionally, the analysts reiterated their prediction that Bitcoin's price could rise to approximately $170,000 in the next 6 to 12 months, based on a volatility-adjusted comparison between Bitcoin and gold.