Surprising forecast: J.P. Morgan warns of Bitcoin crash

Surprising forecast: J.P. Morgan warns of Bitcoin crash

The major US bank J.P. Morgan has issued a gloomy forecast for the digital currency despite the halving, which has traditionally caused a rise in the price of Bitcoin. In a recent study, analysts argued that Bitcoin was overbought on the charts and that interest rates could act as a potential downward driver. This leads to the assessment that a downward trend for the Bitcoin price is likely despite the halving.

Some investors counter this pessimistic view and point to the historical cycle of halvings, which has led to an increase in the price of Bitcoin in recent cases. It is also noted that Bitcoin's current weakness around the halving should be viewed as normal. Bitcoin's increasing integration into ETFs could also offer further growth potential and protect the digital currency from an abrupt end to the rally.

It remains to be seen whether J.P.'s gloomy prognosis will pan out. Morgan will prove true or whether the bulls' arguments will ultimately prevail. The development of the Bitcoin price after the halving is being closely followed by many market participants to see whether the historical trend will continue or whether new factors will lead to a different outcome.