Still hoping for a new Bitcoin peak? JPMorgan has bad news for you
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Last week, the Bitcoin price plunged below the $54,000 level, recording the biggest correction of the current cycle of 27%. The cryptocurrency has been underperforming the U.S. equities market due to various bearish headwinds such as Mt. Gox's repayments and However, there are still some analysts who believe that the bullish cycle is far from over. For instance, Fundstrat's Tom Lee recently his $150,000 price prediction. Commodity trader Peter Brandt is also convinced that such a target would be achievable for the leading cryptocurrency in 2025.
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