JPMorgan Strategists Say BTC May Suffer Investment Outflow Except It Exceeds $40,000

JPMorgan strategists said Bitcoin needs to exceed $40,000 to avoid a major price pullback. The strategic team led by Nikolaos Panigirtzoglou said that the king coin could see an outflow of trend-following investors except Bitcoin crosses above $40,000. At the time of writing, Bitcoin is down 0.09% $35,837.14.

According to a Bloomberg , the strategist noted:

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