JP Morgan analysts made a new assessment.
According to the JP Morgan report; A short-term downtrend can be triggered by some traders exiting the market to take profit and insufficient flow of institutional investors.
Analysts stated in the report that if Bitcoin fails to retake $ 40,000, the momentum signals will deteriorate and the process will continue in this way until the end of March.
What are your thoughts on this analysis?
According to the JP Morgan report; A short-term downtrend can be triggered by some traders exiting the market to take profit and insufficient flow of institutional investors.
Analysts stated in the report that if Bitcoin fails to retake $ 40,000, the momentum signals will deteriorate and the process will continue in this way until the end of March.
What are your thoughts on this analysis?