Korea Investment & Securities Partners with Bithumb to Enhance Crypto Asset Management
- Strategic Collaboration: Korea Investment & Securities has signed an MOU with Bithumb to merge traditional finance with digital asset innovation, aiming to provide customized asset management services that address investors' urgent need for professional management of crypto assets.
- Market Confidence Boost: This partnership not only brings traditional investors' trust to Bithumb but also enhances the legitimacy of crypto assets by introducing rigorous risk management frameworks, pushing the market towards long-term strategic asset allocation.
- Product Innovation: The two firms plan to launch hybrid investment portfolios that combine traditional stocks with cryptocurrencies, which is expected to attract investors interested in digital currencies but lacking management expertise, thereby expanding their client base.
- Regulatory Environment Navigation: Despite facing complex regulatory challenges, this collaboration is poised to help clients effectively navigate the evolving cryptocurrency regulatory landscape by providing compliant and secure investment solutions.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36135.061 | 48067.531 | 60405.081 | 72337.551 | 84675.101 | 96607.571 | 108945.121 |
| Fibonacci | 48067.531 | 57338.678 | 63066.403 | 72337.551 | 81608.698 | 87336.423 | 96607.571 |
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