“There remains considerable optimism in the market over the prospect for prices rising significantly by year-end, with a significant component of that optimism arising from a view that bitcoin demand via spot exchange-traded funds (ETFs) would continue at the same pace even as the supply of bitcoin diminishes after the halving event,” analysts led by Nikolaos Panigirtzoglou wrote.
Source: https://www.coindesk.com/markets/2024/03/22/bitcoin-remains-overbought-despite-recent-correction-jpmorgan-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines