JP Morgan BTC "could fall to $4.2k, remains overbought"

JP Morgan BTC "could fall to $4.2k, remains overbought"

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."