Institutions are not buying the dip in bitcoin, and it's fair value could be as low as $23,000, JPMorgan says

Business Insider
Jun 24, 2021, 10:01 am71 pts
Lucas Jackson/Reuters Institutions are not buying the dip in bitcoin, according to a Wednesday note from JPMorgan. The bank said the fair value of bitcoin over the medium-term could range from $23,000-$35,000. Headwinds still exist for bitcoin, including the end of a six-month lock up period for nearly $4…

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