New Bitcoin price concerns from JPMorgan at odds with 'immense support' at $52K

Cointelegraph

Published Apr 21, 2021 05:00AM ET

Updated Apr 21, 2021 06:40AM ET

Bitcoin (BTC) is seeing a tsunami of new user adoption as a backdrop to prices likely bottoming at around $52,000, say analysts.

In a series of tweets on April 20, statistician Willy Woo led calls for calm about Bitcoin's recent price dip and subsequent lingering $9,000 below recent all-time highs.

Chart showing Bitcoin support strength at a $1 trillion market cap. Source: Willy Woo/ Twitter
Bitcoin entity growth vs. BTC/USD. Source: Willy Woo/ Twitter

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