JPMorgan: Bitcoin Still Overbought Despite Price Drop
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Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the cryptos recent price decline. JPMorgans analysts expect continued selling pressure on bitcoin as the halving approaches, particularly against a positioning backdrop that still looks overbought despite the past weeks correction. JPMorgan: Bitcoin Remains in Overbought Territory JPMorgans analysts, led by global strategist [] Source: Bitcoin.com
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