JPMorgan still sees a $140,000 Bitcoin price as a long-term theoretical target.
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JPMorgan still sees a $140,000 Bitcoin price as a long-term theoretical target.
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Bitcoin slipped below the 20-week exponential moving average for the first time since February 2020, which is a big bearish signal.
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Bitcoin’s $15,000 price pullback over the last few days has caused the percentage of wallets underwater to exceed 23%.
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Just under 100 BlockFi users are reported to be affected, with some allegedly receiving as many as 700 Bitcoin due to a mishandled promotional offer.
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Bitcoin is trading at 12.5% higher in South Korea than in other markets, while gold prices climb to quarterly highs.
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Bank of America noted that trades identified as “crowded” have historically been associated with incoming market tops.
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CEO Michael Saylor has used the latest price correction as an opportunity to load up on more BTC.
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The ongoing Bitcoin price correction draws a comparison with the March 2020 crash — with one big difference.
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