{"id":132935,"date":"2024-07-11T17:08:14","date_gmt":"2024-07-11T14:08:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132935"},"modified":"2024-07-11T17:08:14","modified_gmt":"2024-07-11T14:08:14","slug":"bitcoin-to-resume-bull-trend-next-month-according-to-jpmorgan","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-to-resume-bull-trend-next-month-according-to-jpmorgan\/","title":{"rendered":"Bitcoin to Resume Bull Trend Next Month, According to JPMorgan"},"content":{"rendered":"
The world\u2019s largest private bank has revised its year-to-date estimate for net crypto flows down to $8 billion from the previous forecast of $12 billion.<\/p>\n
This adjustment reflects concerns over Bitcoin\u2019s valuation compared to production costs and gold prices, casting doubt on sustaining the earlier projected flow for the remainder of the year.<\/p>\n
The decrease in estimated net flows primarily stems from a recent decline in Bitcoin<\/a><\/strong> reserves held across exchanges, according to analysts led by Nikolaos Panigirtzoglou.<\/p>\n