JPMorgan Sees Institutional Opportunity Due To Falling Bitcoin Volatility

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A drop in volatility in بیت کوین (BTC) can have a good effect on attracting large players. At least analysts of the American bank JPMorgan think so, می نویسد: بلومبرگ

According to experts, the recent decrease in cryptocurrency volatility creates conditions for the arrival of institutional investors. JPMorgan said:

We believe that a potential normalization of Bitcoin volatility is likely to help revive institutional interest in the future.

Moreover, the price of BTC could rise to $130,000 if retail investment in cryptocurrency equals gold. However, when exactly such a jump in price could occur, analysts did not specify.

According to the calculations of the American bank, the سه ماه volatility of Bitcoin fell to 86%. The نیم سال indicator will stabilize at around 73%.

منبع: bloomberg.com

As volatility falls, more major players will take an interest in cryptocurrencies, analysts say. The bank’s comments come after Bitcoin briefly hit $60,000 on April 2 in its slow grind back to همیشه اوج

According to data from TradingView, the BTC/USD pair rose to a local peak of $60,187 on Bitfinex exchange.

The ensuing decline brought Bitcoin closer to $59,000 and at the time of this writing, it was trading at $59,497.

1-hour chart (Bitfinex) for the BTC/USD pair. Source: Tradingview

The effort to stay high means that Bitcoin has recovered from the beginning of the week and continues to trade in a safe corridor.

Popular trader Crypto Ed wrote in a tweet on Friday:

In my YT video on 30-04 I mentioned #BTC target $73k and $ ETH $2300
From what I see now, ETH is on track. BTC not convinced yet it will reach that target in this cycle but I do think we’ll see a strong push above 60k (soonish) pic.twitter.com/OTXWQUpNPC

- Crypto_Ed_NL (Crypto_Ed_NL) آوریل 2، 2021