Bitcoin has hit a record value of $19,920.53 this month, prompting a surge of interest from British investors.
JPMorgan Predicts $600 Billion Bitcoin Demand
The Bank said that even 1% of asset allocation by large financial companies would result in $0.6 trillion BTC demand. The bank expects financial services companies from the US, EU, Japan and the UK to allocate at least 1% of assets in Bitcoin , with an expected Bitcoin demand of $0.6 trillion.
Bitcoin's Price Action around 1950 triggers intraday retraces.
When COVID fears & Gold price increase, BTCUSD price shows aggressive corrections.
Intra Day level 19118
Level To Reasses Overall Trend 18985