JPMorgan says big investors are not buying the bitcoin dip, prices could fall further

CNBC2021-06-02

t’s been almost two weeks since the price ofbitcointook a dive to $30,000 per token, but JPMorgan says institutional investors have so far held off on buying the dip. While there are signs prices will...

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Comments

Johnlimwt
2021-06-02
Johnlimwt
Will Bitcoin hit $50 K in 2 years time ?
- Johnlimwt:
  Hi
Greenbull18
2021-06-02
Greenbull18
Oh nooo
- Johnlimwt:
  Pray it will still hit 50 K in 2 years time
Abspitz
2021-06-02
Abspitz
Bitcoin is too expensive. NFTs are complicated.
shaunhere
2021-06-02
shaunhere
pls like and comment
- Johnlimwt:
  Done
peakaboo
2021-06-02
peakaboo
Wow is this the end?
- UNCLEUNCLE:
  wow
Stingers
2021-06-02
Stingers
Let the retailers buy then
- shaunhere:
  wow
- stinger77:
  Good idea

Leave a comment

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The best we can hope for over the medium term is for this volatility ratio to partially revert from around x6 currently to around x4 by year end,” strategist Nikolaos Panigirtzoglou wrote in the note.\nJPMorgan predicts bitcoin will trade between $24,000 and $36,000 over the medium term, based on volatility ratios of bitcoin to gold. Panigirtzoglou added it’s unlikely there’ll be a full convergence of volatilities in the foreseeable future.\nHowever, the longer-term signal remains “problematic.”\n“It has yet to turn short,” Panigirtzoglou wrote. “It would still take price declines to the $26,000 level before longer term momentum would signal capitulation.”\nBitcoin traded lower on Tuesday by about 1.5% to around $36,175.\nShort-term momentum signals for ether — the native token of the Ethereum blockchain that powers smart contracts, NFTs and stablecoins — have declined, though there’s nothing to suggest positions have been fully unwound, according to the note. 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Since the plunge, institutional money has been flowing out of CME bitcoin futures and other regulated bitcoin funds in favor of gold electronic trading funds, JPMorgan said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":113669665,"gmtCreate":1622611219357,"gmtModify":1704187313577,"author":{"id":"3578545886341911","authorId":"3578545886341911","name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Will Bitcoin hit $50 K in 2 years time ?","listText":"Will Bitcoin hit $50 K in 2 years time ?","text":"Will Bitcoin hit $50 K in 2 years time ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113669665","repostId":1143584889,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4542102,"gmtCreate":1622611429139,"gmtModify":1680792603766,"authorId":3578545886341911,"author":{"id":3578545886341911,"authorId":3578545886341911,"name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113669665,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":113841463,"gmtCreate":1622605994752,"gmtModify":1704187221314,"author":{"id":"3582021842674964","authorId":"3582021842674964","name":"Greenbull18","avatar":"https://static.tigerbbs.com/576bc95bff9dffadad04639941613d8e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Oh nooo","listText":"Oh nooo","text":"Oh nooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113841463","repostId":1143584889,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4542107,"gmtCreate":1622611473487,"gmtModify":1680792602383,"authorId":3578545886341911,"author":{"id":3578545886341911,"authorId":3578545886341911,"name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113841463,"type":1,"supId":0,"prevId":0,"content":"Pray it will still hit 50 K in 2 years time","text":"Pray it will still hit 50 K in 2 years time","html":"Pray it will still hit 50 K in 2 years time"}],"langContent":"EN"},{"id":113885749,"gmtCreate":1622603531381,"gmtModify":1704187172395,"author":{"id":"3581636231442888","authorId":"3581636231442888","name":"Abspitz","avatar":"https://static.tigerbbs.com/5118eb607ecc0676682b5f7883968183","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Bitcoin is too expensive. NFTs are complicated.&nbsp;","listText":"Bitcoin is too expensive. NFTs are complicated.&nbsp;","text":"Bitcoin is too expensive. NFTs are complicated.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113885749","repostId":1143584889,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":113804403,"gmtCreate":1622601015202,"gmtModify":1704187119397,"author":{"id":"3574665279973692","authorId":"3574665279973692","name":"shaunhere","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"pls like and comment","listText":"pls like and comment","text":"pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113804403","repostId":1143584889,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4542094,"gmtCreate":1622611367009,"gmtModify":1680792602739,"authorId":3578545886341911,"author":{"id":3578545886341911,"authorId":3578545886341911,"name":"Johnlimwt","avatar":"https://static.tigerbbs.com/a1adeee2347b67dfd778339494a5fd26","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113804403,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":113154475,"gmtCreate":1622599521897,"gmtModify":1704187078658,"author":{"id":"3574970544772920","authorId":"3574970544772920","name":"peakaboo","avatar":"https://static.tigerbbs.com/0e48f646ead1b2a6b5e7b8c204d2b68c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow is this the end?","listText":"Wow is this the end?","text":"Wow is this the end?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113154475","repostId":1143584889,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4539870,"gmtCreate":1622600387107,"gmtModify":1680792574420,"authorId":3578454236921942,"author":{"id":3578454236921942,"authorId":3578454236921942,"name":"UNCLEUNCLE","avatar":"https://static.tigerbbs.com/39d9ac757e81155e380be67c7f350841","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113154475,"type":1,"supId":0,"prevId":0,"content":"<u>wow</u>","text":"<u>wow</u>","html":"<u>wow</u>"}],"langContent":"EN"},{"id":113199330,"gmtCreate":1622596719520,"gmtModify":1704186991393,"author":{"id":"3562475148249558","authorId":"3562475148249558","name":"Stingers","avatar":"https://static.tigerbbs.com/c99c07f753850d085aa23040bff2acf8","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Let the retailers buy then","listText":"Let the retailers buy then","text":"Let the retailers buy then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/113199330","repostId":1143584889,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4540017,"gmtCreate":1622601026051,"gmtModify":1680792572945,"authorId":3574665279973692,"author":{"id":3574665279973692,"authorId":3574665279973692,"name":"shaunhere","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113199330,"type":1,"supId":0,"prevId":0,"content":"wow","text":"wow","html":"wow"},{"id":4538878,"gmtCreate":1622596937146,"gmtModify":1680792556614,"authorId":3581827070600518,"author":{"id":3581827070600518,"authorId":3581827070600518,"name":"stinger77","avatar":"https://static.tigerbbs.com/33e3edb314faaaee38948d48aeb4e3d3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113199330,"type":1,"supId":0,"prevId":0,"content":"Good 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