JPMorgan expects that Bitcoin will fall to $13,000 in value

[Robert518]

According to JPMorgan experts, Bitcoin might tumble below the $13,000 mark as a result of the FTX disaster. The American banking behemoth also stated that the market will suffer "a torrent of margin calls" in the coming weeks as a result of the collapse of one of the major cryptocurrency exchanges. Another forecast given by Fundstrat's Mark Newton is that Bitcoin will go below $10,000. Meanwhile, the king cryptocurrency fell to a fresh two-year low of $15,632 on Wednesday, Nov. 9. According to CoinMarketCap statistics, BTC has recovered and is presently trading at $17,322, although many analysts anticipate the largest cryptocurrency will continue to fall.

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[Sanni_w]

To be honest, I want it to go lower from present price to buy cheaper. My boss also thinks the bottom is 12k. Who knows? he could be wrong

[DeathAngel]

Falling even further than the current price wouldn’t be something unusual. To match previous draw downs in bear markets (from ath to cycle bottom) we could even dip below $10,000.

You don’t need to worry though, bitcoin will recover & smash new ath’s. It's just a matter of time. You need to be very patient but it will recover.

Now is also a great time to buy, good luck.

[odolvlobo]

According to "experts". lol It may or may not fall to $13000. Nobody can predict it.

JP Morgan is really just covering their ass. If it does, then they'll say they were right. If it doesn't, then nobody will care that they were wrong.

[spectre71]

I think it's done pretty well during the FTX failure. Blockfi is has failed and it's ho hum no biggie. I think there is some more bad news to play out like  if Coinbase has issues. House of cards.