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Bitcoin’s Price Is Ready for a Fall, JPMorgan Says – Barron’s

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Bitcoin is enjoying a new bull run, spiking above $8,000 on Monday before slipping back to about $7,750. But don’t pop the corks just yet.

The latest price pattern reminds one JPMorgan strategist of another heady, but ultimately doomed, rally for the digital currency. It came in late 2017, right before the bottom fell out. Bitcoin fell from $19,700 to about $3,500 a year later.

Nikolaos…

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