JP Morgan says BTC price could drop after 2024 halving

[The Cryptovator]

Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again. 

[Hypnosis00]

JP doesn't hold the future of Bitcoin and he has nothing other than speculating. But can't say he is absolutely wrong but the possibility is not close to such a thing as I still believe that the market is not totally changing, still history repeats itself, and still see bullish after halving the opposite from an expert JP Morgan views.

Anyway, whatever happens in the coming days we have no choice but to accept it. Can't still change the fact that the market is unpredictable and can't argue who is right or wrong but possible all of us went wrong. It is not a big deal for me for JP Morgan to say that as he is not even the one who controls the market.

[freedomgo]

JP doesn't hold the future of Bitcoin and he has nothing other than speculating. But can't say he is absolutely wrong but the possibility is not close to such a thing as I still believe that the market is not totally changing, still history repeats itself, and still see bullish after halving the opposite from an expert JP Morgan views.

Anyway, whatever happens in the coming days we have no choice but to accept it. Can't still change the fact that the market is unpredictable and can't argue who is right or wrong but possible all of us went wrong. It is not a big deal for me for JP Morgan to say that as he is not even the one who controls the market.

However, if JP Morgan is right somehow, then I don’t think it will be a big threat for us. In fact, we have been expecting a sudden price correction any moment from now, and if it happens, I’m sure a lot would be glad to enter the market and start accumulating bitcoin at a cheaper price. Even JP Morgan I guess will take advantage of the current price dips, that’s why he’s been creating a hype in the middle of a bullish market.

One thing is certain, whatever is bound to happen will happen, and we have no control on that. It could be an advantage or a disadvantage, it depends on how you view the situation and analyze the concept. But for me, if JP Morgan might be right this time, then I would continue DCA again to maximize my bitcoin portfolio while the opportunity is here.

[btc_angela]

Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again. 

I think that's obvious already, they have set a precedence before, and if I'm not mistaken around 2017-2018, Jamie Dimon created a lot of noises about Bitcoin and go on a full attack mode. And that time we really don't know what's the intention of Dimon and JP Morgan on why they suddenly attack BTC.

And later we found out that after a huge dump, they bought a lot of Bitcoin and then sell it in a profit and they are all laughing going to the bank and cashing it out. So this could be the same as well so we must be careful of what JP Morgan will have to say specially negative things again.

[Webetcoins]

They are old school traditional investors. So the logic for them is the ones that has dividends, and usually most places go up in price until dividend period and then go down afterwards. That of course is not true in this case and bitcoin is not skyrocketing until the halving and goes down under. The expectation for a day and increase until then is the reason why the price goes up in both of them so they assumed that afterwards would be the same as well, but it is not

The difference is that when a stock gives out the dividends, there is no reason to keep holding it whereas after bitcoin halving the price still goes up because the supply just got lower as well, well it didn't get lower but it got slower to increase, so the demand staying same still means price goes up.

[lalabotax]

According to JP Morgan, Bitcoin could go down to the $40k range after the halving craze is over.

It is his right to predict anything. I think it makes sense if he assumes Bitcoin will drop after the halving is over. Bitcoin already hits a new ATH and may create another ATH in the halving. This may trigger many people to sell their Bitcoin. I am sure there are many people who try to sell their Bitcoin if it can reach $80k during the halving period. If there are too many supply of the Bitcoin in the market, it automatically triggers the price to drop instantly. However, I doubt if Bitcoin will drop to $40k, it is too far from the current price. I only think the Bitcoin will drop again around $60k.

What do you think of Bitcoin's current situation? Will it retain ATHs after the halving? Or will there be a massive bloodbath in market prices?

Bitcoin current trend is still in the uptrend. It looks increasing again after the big drop few days ago. After the halving, I assume there is a correction, but not sure how far it will drop. I don't expect there will be a massive drop in Bitcoin price.

[Distinctin]

Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again.

No one holds the future of bitcoin, and JP Morgan may be true or may be not. The market might actually end up dumping after halving, however, I don’t think the price would drop drastically like that. Gone are the days for $40k price, so most likely bitcoin will touch $60k or $55k might be its dip. Whatever the price will be, at least we should  prepare for it and would not jump into panic selling. Otherwise, we will end up selling at a loss and definitely lose all the chances for future profits when bull run happens.

[Abiky]

Maybe JP wants to accumulate bitcoin when it dumps. That's why he always creates FUD. The bitcoin price has grown without a major correction. So there is a huge chance of a dump before creating a new ATH. It's true; most likely, it will happen when all the hype is over. Investors will start liquidating after halving. This would lead to a major dump and correction before another pump. Since there are a lot of institutional investors already in the markets, they will make money, so they have to sell, obviously. So when they start re-entering, the price will start to move up again. 

Prices are dumping at the time of this writing. I'm sure JP Morgan is taking advantage of the situation to grow its stack of BTC. Why should we follow someone else's opinion to make decisions? What JP Morgan said is true, especially when prices decline shortly after the halving hype. But the bank is emphasizing its comments hoping to cause a huge crash in market prices. Are we going to let it win? Or are we going to keep buying and "hodling" BTC no matter what?

Noobs don't know how crypto works, so they will make blind decisions based on someone else's opinion. I've used to believe all the FUDsters until I've got tired of their schemes. With BTC growing bigger and stronger than ever, don't expect it to fail anytime soon. Who knows if it lasts a lifetime?