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JPMorgan: Bitcoin sell-off may not be over yet, currently still in overbought territory

JPMorgan: Bitcoin sell-off may not be over yet, currently still in overbought territory

2024/03/22 09:18

According to ChainCatcher news, as reported by CoinDesk, the price of Bitcoin fell by 15% in the past week and then rebounded after Wednesday's FOMC meeting. JPMorgan Chase (JPM) stated in a research report on Thursday that the sell-off may not be over yet as positions still appear to be overbought.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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