Analysts

Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts

Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts

Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term. “The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with …

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JPMorgan Analysts: Bitcoin Is Likely to Survive (as a Speculative Asset)

JPMorgan Analysts: Bitcoin Is Likely to Survive (as a Speculative Asset)

Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March’s global financial meltdown, according to analysts at one of the world’s largest investment banks. In a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairly …

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