{"id":44918,"date":"2021-06-24T15:08:39","date_gmt":"2021-06-24T12:08:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44918"},"modified":"2025-08-31T19:14:37","modified_gmt":"2025-08-31T16:14:37","slug":"jpmorgan-analysts-do-not-rule-out-bitcoin-dropping-to-25000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-analysts-do-not-rule-out-bitcoin-dropping-to-25000\/","title":{"rendered":"JPMorgan analysts do not rule out Bitcoin dropping to $25,000"},"content":{"rendered":"

A potential sale of shares in the Grayscale Bitcoin Trust after the six-month lock-up period could put further pressure on cryptocurrency prices, JPMorgan strategists warned. Bloomberg<\/a> reports this.<\/p>\n

On Tuesday, June 22, the price of Bitcoin fell below the $30,000<\/a> level, but by the next day had risen back above $34,000<\/a>.<\/p>\n

\n

\u201cDespite the correction this week, we do not want to back away from our negative forecast<\/a> for Bitcoin and the cryptocurrency markets in general. Despite some improvement, our signals remain broadly bearish,\u201d said JPMorgan strategists.<\/p>\n<\/blockquote>\n

Analysts put Bitcoin’s mid-term intrinsic value at between $23,000 and $35,000.<\/p>\n

\n

\u201cFurther price declines to the $25,000 level will be required before long-term momentum signals capitulation,\u201d said JPMorgan experts.<\/p>\n<\/blockquote>\n

Earlier, they confirmed Bitcoin entering a bear market<\/a>.<\/p>\n

Robert Kiyosaki, the author of the bestseller ‘Rich Dad Poor Dad’ and entrepreneur, predicted<\/a> Bitcoin’s price would fall to $24,000.<\/p>\n

Follow ForkLog news on Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A potential sale of shares in the Grayscale Bitcoin Trust after the six-month lock-up period could put further pressure on cryptocurrency prices, JPMorgan strategists warned. Bloomberg reports this.<\/p>\n","protected":false},"author":1,"featured_media":44919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,229],"class_list":["post-44918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44918"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44918\/revisions"}],"predecessor-version":[{"id":44920,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44918\/revisions\/44920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44919"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}