Morgan Stanley to Launch Digital Wallet Supporting Multiple Assets Later This Year
- Digital Wallet Launch: Morgan Stanley plans to launch a proprietary digital wallet later this year that will support cryptocurrencies and tokenized real-world assets such as stocks, bonds, and real estate, indicating its ongoing expansion in cryptocurrency services.
- Infrastructure Transformation: Wealth management head Jedd Finn stated that as financial service infrastructure evolves, Morgan Stanley will be able to better blend traditional finance with decentralized finance ecosystems, thereby enhancing client service capabilities.
- ETF Registration Filing: The firm filed S-1 registration statements with the SEC for Bitcoin, Ethereum, and Solana exchange-traded funds this week, which is expected to reshape market perceptions of digital assets, especially with the potential approval of a Bitcoin ETF in January 2024.
- Industry Adaptation Strategy: Morgan Stanley's participation in Zerohash's $104 million Series D-2 funding round aims to enable Bitcoin, Ethereum, and Solana trading on E*Trade by the first half of 2026, reflecting the bank's proactive adaptation and leadership in a rapidly changing industry.
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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 | 36103.034 | 48051.517 | 60373.054 | 72321.537 | 84643.074 | 96591.557 | 108913.094 |
| Fibonacci | 48051.517 | 57322.665 | 63050.389 | 72321.537 | 81592.685 | 87320.409 | 96591.557 |
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