The pattern of demand for bitcoin futures and the Grayscale Bitcoin Trust, the largest traded crypto fund, will provide clues about the outlook.
NEW YORK: Bitcoin could be at risk of a further drop unless the digital coin climbs back above US$40,000 soon.
That’s the view of JP Morgan Chase & Co strategists including Nikolaos Panigirtzoglou, who said the cryptocurrency could be hurt by an exodus of trend-following investors unless it can “break out” beyond that price level.
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