Most capital fund managers are of the opinion that the Bitcoin trading transaction was the busiest and busiest in January based on a survey released by Bank of America on Tuesday.
For the first time since October, technology companies' position has fallen from the top of the list as investors are more inclined to choose Bitcoin compared to other investments for the 'Long' position when the price is showing an uptrend. While the US dollar ranks third highest in the busiest trade.
In a similar survey by Deutsche Bank, 56% of the polls thought that Bitcoin was in a ‘bubble’ and it is expected that Bitcoin prices will start to fall in the next 12 months.
The price of Bitcoin has reached $ 40,000 earlier this month with a 900% gain since the low. Bitcoin hit a high of $ 30,000 for the first time on January 2.
So far the price of Bitcoin has been in the price range of $ 34,955 and $ 37,850 since last weekend even though investors are still buying, it seems to still push the price of this currency to jump even higher.
However, Wirex Head of Trade Yves Renno described consolidation above the $ 35,500 level as still showing a positive trend in the market.
The market has been following the development of Bitcoin since it became an option starting last year.
