JPMorgan highlights the importance of Bitcoin crossing the $85,000 mark, which represents the average production cost for miners. Bitcoin spent 280 days below this level, putting pressure on miners who may have had to sell reserves to cover costs. A move above $85,000 could provide relief by improving mining economics, but Bitcoin has since slipped back below this threshold. JPMorgan notes that sustained trading above this level is needed to materially benefit miners and that the recent rally's longevity remains uncertain. The bank also projects potential Bitcoin price targets of $170,000 to $266,000 based on comparisons with gold.
While JPMorgan emphasizes the $85,000 level as critical for Bitcoin miners, on Pluang as of Sep 25, 2026 04:21 WIB, Bitcoin trades at Rp1.510.513.687 with a modest 0.51% gain over the past day. This price contrasts with the $85,000 production cost benchmark, highlighting ongoing pressure on miners. Bitcoin's market cap on Pluang stands at Rp30.389,11 trillion, and the platform shows a slightly higher buying interest at 55%, indicating cautious optimism among investors despite the price still being below the crucial threshold.
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