According to Bloomberg, JPMorgan see signs that show a coming BEAR MARKET in Bitcoin Despite Bitcoin has jumped over 14% in last 2 days, they based those signs in a technical aspect: Backwardation. This is spot in a part of the futures market. For those don't know what is Backwardation, is where the spot price or actual price is above futures prices. That is, institutional investors are willing to pay more today than in the future. And this is a reason for caution!! Take care! #CryptoTrading
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