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JPMorgan's report suggests that there is a positive sign of recovery following the drop in Bitcoin's price. Analysts state that the recovery and correction phase in the price of Bitcoin is approaching. It is believed that the crypto market has outstripped the negative factors and is starting to break through the downtrend. These predictions are based on the downward trend in open interest in Bitcoin futures contracts. Despite past difficulties, increases in the activity of the Bitcoin network are seen as a sign of positive uptrend.
The positive developments in the crypto space are associated with Ripple winning the SEC lawsuit and increasing applications for Bitcoin ETFs. There are also rumors that Bitcoin could cooperate with SpaceX in connection with space.
All in all, the crypto market is showing steady growth and investors are looking forward to Bitcoin's future recovery.
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