JPMorgan Sees BTC As Overbought, Taking A Chunk Out Of Gold Too
Last Updated: 22 December 2020
JPMorgan Chase, the finance giant, has recently revealed that institutional investors could be the only thing pushing up Bitcoin’s price at this moment. As revealed by Bloomberg, Nikolaos Panigirtzoglou and his team of strategists feel the same, adding to the forecasts made regarding the institutional players’ role within the future of Bitcoin (BTC).
Potentially Continuously Gaining Momentum
JPMorgan stands convinced that the only way the month’s large scale inflows can keep its momentum is to continue with it, otherwise, the price correction will come with a vengeance.