Apakah Analis JP Morgan Bearish terhadap Harga BTC Bulan ini?
Apakah Analis JP Morgan Bearish terhadap Harga BTC Bulan ini? Analysts from a leading US financial institution, JP Morgan, have shared their views that the cryptocurrency Bitcoin has a probability of further price decline. This assessment started after Bitcoin marked its new highs at the beginning of this month but now has entered a downtrend. Price Movement in Bitcoin During the Last Week In the last week, the price of Bitcoin has decreased by approximately 5%, as per the data from investing.com. The analysts from JP Morgan believe that Bitcoin remains overbought, even after the significant drop down in the last few days. They have considered the premium of futures prices to spot prices and current positioning in the futures markets to determine the overbought condition of the market. Analysts have also observed a decline in the Bitcoin spot ETFs in addition to the overbought conditions. Net outflows in the BTC ETF have continued since March 18, with the maximum single-day net outflow of $320 million observed on March 19. Factors Supporting Views of Analysts from JP Morgan The combination of overbought conditions and a decrease in investor interest is confirmed by the recorded outflows in BTC ETFs, which supports the views of analysts at JP Morgan.








