Why JPMorgan Analysts Are Bearish on Bitcoin

Name: Why JPMorgan Analysts Are Bearish on Bitcoin
Uploaded: 2021-06-25T00:14:53Z
Duration: 1 min 70 s
Description: While some observers say bitcoin’s price has bottomed out, analysts at JPMorgan remain bearish, identifying the impending unlocking of shares in the Grayscale Bitcoin Trust (GBTC) purchased in January as a source of downside risk to the cryptocurrency. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Jun 25, 2021

While some observers say bitcoin’s price has bottomed out, analysts at JPMorgan remain bearish, identifying the impending unlocking of shares in the Grayscale Bitcoin Trust (GBTC) purchased in January as a source of downside risk to the cryptocurrency.

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