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While many expect Bitcoin to appreciate after the halving, scheduled to take place next Friday (19), the largest bank in the United States believes that the digital currency will face a decline after the event.
According to a new research report from JPMorgan, Bitcoin is in overbought condition and will face challenges due to the decrease in supply of the digital currency.
Arguing that Bitcoin has gained 43% in value since the beginning of the year and 130% in the last six months, the American bank says that the expected rise after the halving was anticipated.
#BITCOIN #halvingbitcoin
According to a new research report from JPMorgan, Bitcoin is in overbought condition and will face challenges due to the decrease in supply of the digital currency.
Arguing that Bitcoin has gained 43% in value since the beginning of the year and 130% in the last six months, the American bank says that the expected rise after the halving was anticipated.
#BITCOIN #halvingbitcoin
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