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TechFlow news, Nikolaos Panigirtzoglou, head of research at JPMorgan, said that Bitcoin (BTC) remains in an overbought zone. Panigirtzoglou expects market pressure to continue rising in the coming days. They do not rule out that if selling pressure intensifies, Bitcoin's price could fall below $50,000.
Pressure will not ease after the halving—it will only increase. Therefore, BTC might drop to $42,000.
JPMorgan research head Nikolaos Panigirtzoglou stated that Bitcoin (BTC) remains in an overbought zone. Panigirtzoglou expects market pressure to continue building in the coming days. They do not rule out the possibility that if selling pressure intensifies, Bitcoin's price could fall below $50,000. The pressure will not ease but increase after the halving. As a result, BTC might drop to $42,000.
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