Bitcoins can "fall" in 2 times. Why is the largest US bank holding company predicting a record-breaking collapse?

According to JPMorgan analysts, the Bitcoin rate may fall even stronger - to $4.6 thousand. A similar conclusion was made on the basis of a technical analysis of the cost schedule of cryptology

This is written by Business Insider.

Bitcoins began the year not too well, falling to this point about $8.5 thousand, from almost $20 thousand in December.

The downturn is linked to the threat of hard currency crippling controls in South Korea and other countries, including the United States.

Investors are beginning to fear that regulators will simply block them from accessing this asset. Now, according to analysts JPMorgan, circumstances have occurred for an even greater fall - up to $4605, ie almost twice.



"It all depends on whether Bitcoin can break through psychological marks of $ 10,128 and $ 10,776," they write in the report to clients. "If not, he will lose 50% of his value right away." According to bank analysts, the growth of bitins from the $ 5900 level was "spectacular," but there is a great risk that it will fall again.

There is, however, a positive scenario. "If the bitcoin hits $ 10,776, then it will open the road to $ 14,334 and even to $ 16,304," the bank said. According to CoinMarketCap, bitcoin did not trade above $ 16 thousand since the beginning of January.

JPMorgan Chase (JPYMorgan Chase) is the largest asset holding company in the US bank holding. Belongs to the Great Four of the largest US banks. Carries out activities in the field of investments, financial services, management of private capital, etc.

-Meanwhile, the expert of financial company Nomura Jordan Rochester is convinced that soon the  world can be on the verge of crypt-currency crisis
Deutsche Bank found a  link between the Wall Street Fear Index and the Bitton Course . The more calm the American stock exchanges, the more investors are interested in crying the currency, and vice versa.

-Researchers at Power Compare have found that the total electricity needed to finance Bitcoin is greater than  electricity consumption in 159 countries worldwide.

-The  first billionths of the billion were found : Twilight  brothers Tyler and Cameron Vincoluwes were found who accused Mark Zuckerberg of having stolen their Facebook idea.

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