Strategists Flag Near-Term Risks for Bitcoin Price Outlook
- JPMorgan says crypto market may be healing, not yet healthy
- Fundstrat’s Grider advises reducing risk or buying protection
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Strategists are struggling to see a turnaround ahead for Bitcoin, at least for now, as the digital coin looks to consolidate above the $30,000 level.
The near-term setup is “challenging,” a JPMorgan Chase & Co. team including Josh Younger and Veronica Mejia Bustamante wrote in a note Friday, while Fundstrat Global Advisors LLC’s David Grider recommended reducing risk or buying some protection.