Odaily Planet Daily News A report from investment bank JPMorgan Chase stated that Bitcoin is still in the overbought zone. Cryptocurrencies have been suffering losses since the beginning of the week. Bitcoin positions improved slightly on Thursday, but on Friday, BTC had fallen to $64,808. JPMorgan analysts predict that pressure will intensify in the coming days. They did not rule out Bitcoin falling below $50,000 if sellers became more active. After the halving, the pressure will not weaken, it will only increase. As a result, the digital currency could fall to $42,000. Nikolaos Panigirtzoglou, head of research at JPMorgan, said futures prices remain higher than spot prices, suggesting the asset is overbought.