JPMorgan Sees Imminent Bitcoin Price Fall; Why It’s Unlikely to Happen5.2

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.

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