📢🚨📢🚨 IMPORTANT ABOUT #BTC#:
Negative Forecasts from JPMorgan: They Expect Bitcoin Price to Fall After Halving!
JPMorgan analysts emphasized that they do not expect an increase in the price of the Bitcoin, considering that the halving has already been priced in. JPMorgan analysts warn of a possible fall in Bitcoin after this week's halving. According to analysts, the price is expected to fall after the halving because the event is already included in the current pricing.
"After the halving, we see a lot of negativity in the Bitcoin price for different reasons."
JPMorgan analysts
They think the Bitcoin halving is already priced in
JPMorgan analysts, led by Nikolaos Panigirtzoglou, reiterated their earlier similar views in a report published on Wednesday, saying, "We do not expect the Bitcoin price to increase after the halving as it is already priced in."
Bitcoin Mining Companies Can Change Regions
JPMorgan analysts also suggested that after the halving, some Bitcoin mining firms may turn to regions with lower energy costs, such as Latin America or Africa, to repurpose inefficient mining machinery for salvage value.
