JPMorgan said that according to a survey, majority of its clients expect bitcoin to trade at $60,000 or more by the end of this year.The Wall Street giant said in a note published last week that 55% of the clients surveyed see bitcoin reaching the $60,000 barrier.According to the survey, 41% of the bank’s clients see bitcoin trading at $60,000 at year-end, 9% see it crossing … [Read more...] about Majority of JPMorgan Clients Expect Bitcoin to Trade at $60K or More by Year-End
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Bitcoin Rangebound Between $55K Support and $60K Resistance
Bitcoin’s (BTC) price momentum is improving, which could limit further downside between the $53,000-$55,000 support range.Buyers will need to make a decisive move above $60,000 resistance to yield an upside target toward the all-time price high near $69,000.For now, BTC is trading in a tight range and has been roughly flat over the past week. The relative strength index (RSI) … [Read more...] about Bitcoin Rangebound Between $55K Support and $60K Resistance
Bitcoin surges into US open as forecast points to attack on $60K
Bitcoin (BTC) met the start of U.S. trading with a bang on Dec. 1 as the Wall St. open sparked a run above $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: $56,000 may have been resistance flipData from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 2% in an hour Wednesday, cancelling out the majority of overnight losseThe pair had … [Read more...] about Bitcoin surges into US open as forecast points to attack on $60K
Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K
The relative strength index (RSI) on the daily chart is almost oversold, similar to what occurred in late-July and September, which preceded near-50% price rallies. Still, buyers will need to break above the $60,000-$65,000 resistance zone in order to yield upside price targets. Source link … [Read more...] about Bitcoin Held Support at $53K; Faces Initial Resistance Around $60K
Bitcoin Struggles at $60K Resistance; Support Above $53K
Bitcoin (BTC) buyers remained active over the weekend, although upside was limited around the $60,000 resistance level. The cryptocurrency continues to consolidate with pullbacks limited toward $53,000 support.Intraday chart signals are neutral, suggesting the current loss of momentum could continue into the Asian trading session. Buyers will need to defend immediate support … [Read more...] about Bitcoin Struggles at $60K Resistance; Support Above $53K