JP Morgan Bitcoin is "overbought" but gold(gold)Predicted to suck up money from

JP Morgan Bitcoin is "overbought" but gold(gold)Predicted to suck up money from

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 is "overbought" but gold(gold)Predicted to suck up money from
JP Morgan Bitcoin is "overbought" but gold(gold)Predicted to suck up money from

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



Posted Articles Title : JP Morgan Bitcoin is "overbought" but gold(gold)Predicted to suck up money from


Posted by : World Virtual Currency / Cryptocurrency / New International Digital Currency Global Portal Website | Gvmg - Global Viral Marketing Group

Last update date : 27-02-2021






|
Share
> Crypto Currency Curation Site

Crypto Currency Curation Site

"World Virtual Currency / Cryptocurrency / New International Digital Currency Global Portal Website"

Globally compatible virtual currency, cryptocurrency, blockchain, social media type comprehensive information summary portal site

Comprehensive news site for crypto assets, world information transmission base(Global site)Major virtual currency brands, names, types, features, ranks, rate of change, liquidity, prices, purchasing methods, market capitalization, real-time charts, supplies, volume rankings, etc. Blockchain technology / technology, trading / buying / selling of digital currencies Useful news columns, topics, articles, information sharing and viral dissemination to people all over the world as a news site of all cryptocurrencies

Let's go to the moon with you as a super trader marketer
Cryptocurrency / Cryptocurrency International Global Portal Site
Gvmg - Global Viral Marketing Group

CTR IMG