JP Morgan: Bitcoin Volatility Needs to Reduce for Price to Steady Above $50k

JP Morgan: Bitcoin Volatility Needs to Reduce for Price to Steady Above $50k
фото показано с : btcmanager.com

2021-2-17 21:01

JP Morgan strategists opine that Bitcoin volatility needs to taper for prices to remain above $50k. In a note to investors on Feb 16, Nikolaos Panigirtzoglou and his team said BTC/USD price action is fragile with real risks of a correction at spot rates.

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Bitcoin Expected to Hit $100k Between Q3 & Q4; $50k Looks Challenging in the Short-Term

Over the weekend, Bitcoin pushed its way to about $33,800.  It’s been a fortnight since the leading digital currency had a pullback and started ranging after its all-time high at $42,000. JPMorgan Chase’s strategists suggests Bitcoin bouncing back above the $40k level now faces a challenge because of the faltering demand for Grayscale Bitcoin Trust (GBTC).

2021-1-25 16:20