JPMorgan analyst predicts Bitcoina’s protracted decline

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Analyst JPMorgan Nikolaos Panigirzoglu believes that over the next few months, the Bitcoin market is waiting for gradual attenuation.

According to him, the current decline will not be stopped by buyers, as it was before. At the same time, institutional investors will cease to inflate the futures market and continue to actively eliminate their positions that only accelerates the pace of interest as it was in mid-February, January and late November last year.

Nikolaos Panigirzoglu considers the current level of impulse signals

At the time of publication, the BTC course varies in the area of $ 54.5 thousand with a daily decline of 2.57%.

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