22/7/2024, 5:06:02 pm

JPMorgan Analysts: Crypto Rebound Likely Tactical, Not Sustainable

JPMorgan analysts predict a short-term crypto rebound, driven by easing liquidation pressures, but do not expect sustained upward trend. BTC's current price of $67,500 is higher than its production cost of $43,000 and its volatility-adjusted value of $53,000 compared to gold. They anticipate a recovery in Bitcoin futures starting in August, but believe the price will ultimately revert to its mean.