JP Morgan Chase analysis: Bitcoin could weaken in the future Liquidation

According to Bloomberg News, JP Morgan expert Nikolaos Panigirtzoglou and others said in a statement Tuesday that if Bitcoin does not break more than $ 60,000 in the short term, energy will be lost. They said market experts and traders, including cryptocurrencies, could make at least some of the services available for long-term storage of Bitcoin futures in the coming weeks and cutting jobs in the future. in the last few days. JPMorgan Chase noted that the entire period of Bitcoin's past earnings has been strong enough for Bitcoin to move quickly from the starting point, allowing traders to go higher. "It remains to be seen whether the above situation will happen again under the current circumstances," experts said. reverse. He said the money flowing into Bitcoin accounts also shows weakness.