JPMORGAN WARNS: There's a 'fairly high risk' bitcoin could get cut in half

Bitcoin gripped the world's attention as it soared to an all-time high which was close to $20,000 in December. Investor anxieties about the market, cryptocurrency hacks, and the potential of a regulatory crackdown in some Asian countries have since dragged the entire market for digital coins to half of its peak worth. Now, conditions may be forming for a sell-off towards $4,605, according to technical analysts at JPMorgan. That would be a nearly 50% decline from its current price of $8,682 a coin.

risk of bitcoin price dropping 50%


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