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88crazyhorse

1,678 Posts.

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27/01/24

06:50

Post #: 72085536
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Originally posted by swaggytrader: ↑

The key to bringing bitcoin down is to link it to derivatives. They can then move the price without buying or selling the actual product (similar to gold). Bitcoin has had a good run of late, but i think it's just a reflection of liquidity. 2024 will see more volatility, and companies like JP Morgan will do it's best to squeeze every last cent out of the retail investors pocket. At the end if the day if the government doesn't want bitcoin then it won't survive, this is indisputable.

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Might be a good short trade with JP pushing :

25/1/24

JPMorgan have predicted the outflows from Grayscale's converted spot bitcoin ETF (GBTC) are "largely behind us," signalling an end to the downward pressure on the bitcoin price

https://www.google.com/amp/s/www.forbes.com/sites/digital-assets/2024/01/26/jpmorgan-issues-surprise-bitcoin-etf-prediction-after-sudden-price-surge/amp/

Price at posting: 0.0000 Sentiment: None Disclosure: Not Held
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0 Great analysis

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