JPMorgan believes a Bitcoin price fall is imminent. According to their analysts, periods when price exceeds “intrinsic value” have always led to a drop in price. And following the recent rally over the past few weeks, this situation has presented once again.
After a fantastic run-up, which saw Bitcoin gain 120% since the start of the year, the market is currently in a cooling off period. All the same, Bitcoin’s strong performance has put it back on the radar of the general public.