Is the price of Bitcoin rising too much? But JPMorgan Chase has put forward some reasons in its latest report,

OKX token recently announced a partnership with PolygonLabs to jointly launch the Zero Knowledge L2 "X1" testing network. OKB will become a native tokenThe recent rise in Bitcoin prices has attracted widespread attention, but JPMorgan Chase has provided some reasons in its latest report, refuting the optimistic attitude of the community towards the continued rise of Bitcoin

OKX token recently announced a partnership with PolygonLabs to jointly launch the Zero Knowledge L2 "X1" testing network. OKB will become a native token

The recent rise in Bitcoin prices has attracted widespread attention, but JPMorgan Chase has provided some reasons in its latest report, refuting the optimistic attitude of the community towards the continued rise of Bitcoin.

Just as the community is eagerly anticipating the approval of Bitcoin spot ETFs to bring a comprehensive upward trend to the coin industry, JPMorgan released a research report last week, believing that the recent gains driven by these expectations seem to have gone too far.

JPMorgan Chase pointed out that the rapid rise in Bitcoin prices may be the result of short-term speculative behavior, rather than being driven by fundamental factors. Although the value of Bitcoin has been recognized in the past few years, its volatility is also significant and lacks intrinsic value related to actual economic activities.

JPMorgan Chase believes that there is potential liquidity risk in the Bitcoin market. Due to the relatively small size of the Bitcoin market, when a large number of investors attempt to sell at the same time, it may trigger a market crash, leading to a sharp drop in prices. This risk is difficult to ignore in the short term.

Does the approval of ETFs facilitate capital inflows?

JPMorgan Chase pointed out in its report that the reason for the community's optimism is that the approval of Bitcoin spot ETFs will help the cryptocurrency market attract new capital, as newly approved ETFs will result in capital inflows!

But the report points out another possibility:

Existing funds are more likely to be transferred from current Bitcoin products, such as grayscale GBTC, Bitcoin futures ETFs, and listed mining companies, to newly approved spot ETFs, rather than new capital entering the cryptocurrency sector!

Because Bitcoin spot ETFs have already appeared in Canada and Europe, but 'since its launch, there has been little investor interest'.

Is it possible for the SEC to soften its attitude towards the encryption industry?

Another reason for community optimism is that the recent court ruling will soften the SEC's attitude towards the cryptocurrency industry.

The report states that although the court rulings of Ripple and Grayscale represent the SEC's legal failure, "given the degree of unregulated nature of the cryptocurrency industry, it is currently unclear whether regulatory tightening will significantly alleviate it.

The analyst wrote:

The regulations for the US cryptocurrency industry have not yet been determined, and we believe that US lawmakers will not change their stance due to the two legal cases mentioned above, especially the memory of the FTX fraud incident is still fresh.

Bitcoin halving lacks persuasiveness

JPMorgan Chase also mentioned in its report that Bitcoin will be halved, which may begin in April or May next year. This is also considered another bullish reason for the cryptocurrency market, but this statement is "lacking persuasiveness" because the impact of halving is unpredictable and already priced.

Bitcoin spot ETF will welcome the first approval window

Bitcoin has been rising since its low of $24901 in early September, reaching a maximum of $37972, with an increase of over 50%. At present, the community is still looking forward to the first approval window for the 11/17 Bitcoin spot ETF.

JPMorgan Chase emphasized the uncertainty of Bitcoin regulation. Although some countries have already taken certain regulatory measures, the regulation of Bitcoin on a global scale is still incomplete. This regulatory uncertainty may lead to a blow to investors' confidence in Bitcoin, leading to a price drop.

In summary, JPMorgan Chase believes that the rise in Bitcoin prices may be the result of speculative behavior, and there is liquidity risk and regulatory uncertainty. Therefore, the optimistic attitude of the community towards the continued rise of the Bitcoin may need to be treated with caution. Investors should fully understand these risks when participating in the Bitcoin market, and implement corresponding risk management and investment strategies.

Celestia is eye-catching! Where will TIA prices go this year? How to reveal the future trend!

As an innovative intelligent algorithm, TIA's price is influenced by multiple factors. Over the past year, TIA has performed exceptionally well in the market, attracting the favor of numerous enterprises and individual users. According to market demand and supply, the price of TIA also fluctuates.

It is expected that TIA prices will continue to maintain a relatively stable trend this year. Despite increasingly fierce market competition, the Celestia team has been committed to providing high-quality intelligent algorithms and maintaining good interaction with users. This will help stabilize the price of TIA and provide users with reliable intelligent algorithm services.

In addition, the future trend of TIA is also worth paying attention to. With the rapid development of artificial intelligence technology and the expansion of application fields, TIA will usher in a broader market prospect. As user demand increases, the price of TIA may increase. However, at the same time, the Celestia team will continue to introduce new technologies and features to provide more options and meet the needs of different users.

The Celestia price has shown a huge price trend, with the token rising by approximately 200% since its inception.

After the news of TIA breaking away from the traditional overall blockchain model spread, TIA prices experienced a significant upward trend. Celestia has shifted towards decoupling consensus, which enhances scalability and maintains strong security through centralization.

This mechanism is expected to set new standards for blockchain technology in the future. In addition, Celestia has recorded transaction traffic worth $852850435 in the past 24 hours, and its circulation supply in the crypto market is 141043528, worth over $835 million.

After its launch, the TIA price underwent a 10% correction, and then traded within a comprehensive range of $2.1877 to $2.5158 in the following week.

After multiple failed attempts, Celestia's price successfully broke through resistance levels, leading to the price gaining momentum and breaking through multiple resistance levels. The TIA price was subsequently rejected at $5.5314, and subsequently underwent a correction of approximately 15%.

Bulls regained momentum, causing prices to gain momentum and break through resistance levels. The Celestia token was rejected at $6.4525, and the price has been hovering around this level since then. It is expected to try to break through soon, but the outcome is still uncertain.

Will TIA prices continue to rise?

Since the birth of tokens, the Moving Average Convergence Divergence (MACD) has shown a constant green histogram, indicating a healthy buying and selling pressure on tokens. In addition, the average shows a flat line, indicating uncertainty in future price trends.

If bulls continue to gain momentum and push prices above the resistance level of $6.4525, then TIA prices will regain momentum and test their resistance level above $7.00 this month.

On the contrary, if bears overwhelm bulls, the token will lose momentum and quickly fall to the support level of $5.5314 tested. In addition, if market bears continue to dominate, they will further plummet and test their lower support level of $5.0898 in the coming days.