JPMorgan Sees Limited Further Downside For Bitcoin With Grayscale’s GBTC Profit-Taking Now Over — Can BTC Retake $50,000?

CAT January 26, 2024 1 min read

Brenda Ngari

Analysts from JPMorgan Chase think the downward pressure on Bitcoin’s price has been capped as profit-taking on the crypto investment vehicle, the Grayscale Bitcoin Trust (GBTC), has now likely concluded.

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JPMorgan Sees Limited Further Downside For Bitcoin With Grayscale’s GBTC Profit-Taking Now Over — Can BTC Retake $50,000?

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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