Bitcoin is gold(gold)Predicted to suck up money at the expense of
JP Morgan Chase(JPMorgan Chase & Co.)According to analysts、Institutional investors need to keep buying to avoid falling prices、The outlook is rosy and bullish
Bitcoin is gold(gold)Predicts that it will suck up money at the expense of
Institutional investors may be pushing up Bitcoin (BTC) prices、And JP Morgan Chase(JPMorgan Chase & Co.)New report claims
In a comment quoted by Bloomberg on December 18, 2020、JP Morgan Chase(JPMorgan Chase & Co.)Strategist, led by Nikolaos Panigilt Zogru, added to recent projections on the role of institutional investors in the future of Bitcoin.
JP Morgan "Bitcoin “Overbought”」
JP Morgan Chase(JPMorgan Chase & Co.)according to、This month's large inflow of funds、Must continue to avoid price adjustments
Theories related to recent price increases、Institutional investors buy over-the-counter、Includes sucking up available supplies
This is called the liquidity crisis、It is said that the tendency becomes stronger as time goes by.、This week another analyst argues that this cycle could fuel Bitcoin's bull market indefinitely.
However、JP Morgan Chase(JPMorgan Chase & Co.)For、Buyer is the opposite scenario：You need to keep pace to avoid loss
right now、131About Grayscale, a U.S. crypto fund that manages $ 100 million in crypto assets、They are、Because the scale of the inflow is too large、"Too big to allow momentum traders to rewind positions、It is not possible to create a sustainable negative price dynamic. "
in spite of、Bitcoin's Relative Strength Index (RSI) has risen above 70、After that, it is still "overbought" at the current price level of around $ 24,000.、Due to the price drop on Monday、RSI has fallen below this threshold
JP Morgan says "Bitcoin is “Overbought”Shows the view
