😱🚨Short-term comment from JPMorgan for Bitcoin: We are paying attention
#JPMorgan , one of the largest banks in the United States and the world, has published a report stating that it will take a "careful and cautious" stance on Bitcoin in the short term. Bank analysts have stated that the reasons that are keeping the Bitcoin price below are still very strong.
JPMorgan analysts shared a report with their clients today in which they stated that it is difficult for #Bitcoin to rise in the short term. In the report shared with the signature of Nikolaos Panigirtzoglou, it was emphasized that there is a careful and cautious stance for the short term.
“The main reasons that force are still strong...”
Stating that some of the reasons that prevent Bitcoin from going up are still very strong, analysts used the following statements:
“Some of the difficulties we mentioned in our previous report, such as Bitcoin being above both gold and the estimated production cost, as well as the decrease in VC money, cause us to have a careful and cautious perspective on crypto markets in the short term. The effects of these difficulties are still not past.”
"Small investors can be stronger than institutional ones”
Regarding the increases experienced in the last 2 weeks, analysts said, “There have been significant declines in crypto markets that we can call sales or profit-taking. This made us think about the possibility that the small investor may be stronger than the institutional ones. Because most of those who sold stocks and crypto in April were retail investors”" they said.
