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BTC, ETH, BNB, XRP, ADA, SOL, LUNA, AVAX, DOT, DOGE By Cointelegraph

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(BTC) has recovered close to $44,000, indicating that the downtrend could be coming to an end. However, the price may not rally to the all-time high in a straight line. This means bulls are likely to face several hurdles in-between and the price action may remain volatile.

JPMorgan (NYSE:) analysts said in a recent investor note that Bitcoin’s boom and bust cycles are hindering further institutional adoption. The analysts estimate that with volatility four times that of gold, Bitcoin’s fair value is about $38,000. If the volatility reduces to three times that of gold, their fair value estimate for Bitcoin rises to $50,000.

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Daily cryptocurrency market performance. Source: Coin360