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❕NEWS JPMorgan: 40K dollars looks hard in Bitcoin

aryan4

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A new review came from JP Morgan analysts. The analyst group led by Nikolaos Panigirtzoglou claimed that it seems difficult for the largest cryptocurrency to return to $ 40,000 right now, and the biggest reason is that the BTC flow entering the Grayscale fund is not strong enough.
How much do you agree with these statements?
 
A new review came from JP Morgan analysts. The analyst group led by Nikolaos Panigirtzoglou claimed that it seems difficult for the largest cryptocurrency to return to $ 40,000 right now, and the biggest reason is that the BTC flow entering the Grayscale fund is not strong enough.
How much do you agree with these statements?
I think the basic thing here is that a lot of things is happening in Bitcoin network that is affecting the price of Bitcoin. It won't easily reach $40k
 
That is true investors are holding their Bitcoin with speculations that the prise will increase. Let's keep our fingers across and see what will happen in few months time.
 
I think that makes sense. Bitcoin is facing a lot resistance currently, like it reached 34.8k today and instantly felt to 33k after some hours. So I think it may take some more time for bitcoin to rush again towards 40k.
 
I think the basic thing here is that a lot of things is happening in Bitcoin network that is affecting the price of Bitcoin. It won't easily reach $40k
I agree the same. Various factors affecting the price and apparently the $ 40k levels are a major resistance for now. Time will show us everything.
 
I have been thinking same because it really becoming very difficult for Bitcoin to cross the line it will move towards it and fall back heavily again so the reason given might just be it
 
I think it will be hard cause of the recent fall bitcoin had, so people are now setting up sell points at around 35k$ and near 40k$ to gain profit then buy again when it falls down back
 
I think it will be hard cause of the recent fall bitcoin had, so people are now setting up sell points at around 35k$ and near 40k$ to gain profit then buy again when it falls down back
I can say that I agree with the views you share. The points indicated have always been used for sales recently and it seems like a resistance for now.
 
I have been thinking same because it really becoming very difficult for Bitcoin to cross the line it will move towards it and fall back heavily again so the reason given might just be it
Initially what helped promote Bitcoin during the earlier bullish run was FOMO, now there is FUD everywhere. People are scared of keeping their Bitcoin.
 
No, the price felt again below 32k? I thought it will continue to rise from the point 34.5k it reached yesterday. Now the price again felt to 31.5k. Bitcoin is getting much stable nowadays. If overall is summarized of this week's rise and fall. It was 31.5k most of the time.
 
It really depends though, as I think there are already major sell walls near 35$ price mark that's why it can't rise much, I guess this kind of price average will be here for a while before it rises again
 
Initially what helped promote Bitcoin during the earlier bullish run was FOMO, now there is FUD everywhere. People are scared of keeping their Bitcoin.
Well, this is how business works or investment works there is always a time where people become very scare to keep their stock so it is perfectly understood
 
I don't know why the price felt again today. The price of bitcoin reached 34.5k and I thought it will rise and stay at 35k. But just I checked, the price has fallen to 31.5k.
 
It really depends though, as I think there are already major sell walls near 35$ price mark that's why it can't rise much, I guess this kind of price average will be here for a while before it rises again
Yes, 35 thousand dollars seems to be hard to beat for now. More precisely, it seems like some time must pass. Let's see what will happen over time.
 
Yes, 35 thousand dollars seems to be hard to beat for now. More precisely, it seems like some time must pass. Let's see what will happen over time.
Am sending that short term investors are selling between 34k and $35k ,after buying at $31k price value. This to me is their major
 
Yeah you are right. Bitcoin seem sto become a nice coin for short time investors or traders. The price is currently 32.2k and I think it's moving slowly towards 35k or maybe it will fall again today before or after reaching 35k. Let's see what happens.
 
i believe that bitcoin is living its most unstable period right now, the price is zigzaging around 34.000 and low 31.000's, buying or selling is a confusion and people don't really know what to do
 
i believe that bitcoin is living its most unstable period right now, the price is zigzaging around 34.000 and low 31.000's, buying or selling is a confusion and people don't really know what to do
This period and there are those who like this kind of movements of bitcoin. I think traders who profit from the price difference by trading are happy with this situation.
 
i believe that bitcoin is living its most unstable period right now, the price is zigzaging around 34.000 and low 31.000's, buying or selling is a confusion and people don't really know what to do
Yeah bitcoin is currently pretty volatile. The price is dropping and rising in large amounts for some days. Yesterday it rose to 35k and today it felt to 31k. Now it is again ramping up slowly.
 

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