According to Deep Tide TechFlow news, Nikolaos Panigirtzoglou, head of research at JPMorgan Chase, said that Bitcoin (BTC) is still in the overbought zone. Panigirtzoglou expects market pressure to continue to increase in the coming days. They did not rule out that the price of Bitcoin could fall below $50,000 if selling pressure intensifies.
After the halving, the pressure will not weaken, it will only increase. Therefore, BTC may drop to $42,000.
