Bitcoin (CRYPTO: BTC) broke above $120,000 in Thursday trading as JPMorgan Chase (NASDAQ:JPM) raised its year-end price target to$165,000. What Happened: JPMorgan analysts now project Bitcoin could climb to $165,000 by the end of 2025, citing its undervaluation compared to gold on a volatility-adjusted basis as reported by The Block. The BTC-to-gold volatility ratio has slipped below 2.0, suggesting Bitcoin would need to rise about 42% to reach parity with private gold investment levels. This marks a ...