Bitcoin’s Rally Is ‘Unsustainable’ Unless Volatility Drops, Say JPMorgan Strategists

JPMorgan strategists led by Nikolaos Panigirtzoglou have revealed in a recently published note that “unless bitcoin volatility subsides quickly form here” the cryptocurrency’s rally, which saw it surpass the $50,000 mark, “looks unsustainable.” In the note the analysts referenced bitcoin at $48,000. Since then, the price of the flagship cryptocurrency has broke the resistance at […]