Best Crypto To Buy Now As Bitcoin Forms Massive Bullish Divergence, JPMorgan Gives $170k Price Target
tAfter a bearish first half of November, experts believe that the crypto market is set to turn bullish, with the bottom likely in.
The Bitcoin price traded as low as $93,900, down over 12% from this week’s $107k high. However, JPMorgan analysts claim that the downtrend is now over, noting that the downside target of $94,000 has now been reached.
According to their Bitcoin price prediction, $170,000 is next.
The Crypto Fear and Greed Index has also dropped to 10, a level rarely seen even in periods of extreme fear. Such panic among retail investors, while institutions like J.P. Morgan are bullish, is typically a sign that the bottom is in.
Prominent analyst Quinten says the current market setup mirrors the…
