JP Morgan BTC "could fall to $4.2k, remains overbought"
![JP Morgan BTC "could fall to $4.2k, remains overbought"](/content/images/size/w1200/2024/03/Imagem-Padrao-BT-51-780x507-1.jpg)
According to CoinsPot, JPMorgan has released a report stating that bitcoin is still overbought. "Futures prices remain elevated relative to spot prices. "The BTC price has been on a downtrend since the beginning of the week. We expect the pressure to intensify. We could see a drop to the $40,000 level."