Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says

“There remains considerable optimism in the market over the prospect for prices rising significantly by year-end, with a significant component of that optimism arising from a view that bitcoin demand via spot exchange-traded funds (ETFs) would continue at the same pace even as the supply of bitcoin diminishes after the halving event,” analysts led by Nikolaos Panigirtzoglou wrote.

Source

Comments (No)

Leave a Reply

Cryptocurrencies: 17,170
Markets: 1,282
Marketcap: $ 2.81 T
24h Vol: $ 143.23 B
BTC Dominance: 59.06%