Bitcoin May Never Go Above $ 40,000 Again, JP Morgan Alerts

1 min read

The vertiginous rise that the price of Bitcoin experienced in December and early January, made many investors pin their hopes on the cryptocurrency . However, analysts at the financial JP Morgan Chase doubt that the electronic currency can be traded above $ 40,000 again .

On January 7, Bitcoin broke the barrier of $ 40,000 , and in the following days it cost up to $ 42,000 . In this context, JP Morgan specialists projected that the cryptocurrency could reach $ 146,000 per unit and would compete with gold.

Of course, the world of cryptocurrencies is a roller coaster. Just a few days after the prediction, on January 11, Bitcoin (BTC) fell below $ 30,000 . Since then, the digital currency has kept oscillating between $ 31,000 and $ 35,000 , with peaks of up to $ 39,000 , but until there.

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