DAILY CRYPTOCURRENCY NEWS

BITCOIN FUND APPLICATION FROM GIANT INVESTMENT FUND FIDELITY

Documents released by the US Securities and Exchange Commission (SEC) revealed that Fidelity is working for a new bitcoin-focused fund. Little is known about the fund called Wise Origin Bitcoin Index Fund I, LP. According to these, the minimum investment amount is $ 100,000 and no sales have been made to date.

The application to the SEC shows that the fund will appeal to the institutional investor audience. Fidelity announce the results of a survey in June showing institutional investor's interest in the cryptocurrency market.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350937.75 TRY

BTCUSD, which experienced selling pressure after testing the 11530 resistance, turned to 11300 support. If it holds above the support and breaks the balance level upwards, 11530, 11600, and 11775 resistances can be observed in the cryptocurrency. Thus, it can be expected to continue moving forward in the overbought territory. However, the inability to exit the oversold territory may keep the selling pressure. In this case, it seems critical to maintaining its position in the 11000-11300 band range. A negative exit in the band can cause the trend to continue to the 10900 support and trigger an increase in the volume of shorts. 

RESISTANCES 11530 - 11600 - 11775
SUPPORTS 11300 - 11000 - 10900

BITCOIN [BTC] 350937.75 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24308.09 TRY

ETHUSD, which could not hold in the specified area after accelerating up to 390 level and pull back to 380 support, draws attention with its close to the balance level. In case the volume of long positions continues to increase and maintains its strength at 380 support, resistances 385, 388 and 392 can be followed. The permanence of over 392 seems to be important in upward movements. Failure to maintain its strength in the field may bring 373 support to the agenda.

RESISTANCES 388 - 392 - 397
SUPPORTS 380 - 373 - 363

ETHEREUM [ETH] 24308.09 TRY +7.00 +0.03 VOL 21 ETH

RIPPLE [XRP] 8.20 TRY

RESISTANCES 0.2807 - 0.2876 - 0.2995
SUPPORTS 0.2760 - 0.2713 - 0.2607

RIPPLE [XRP] 8.20 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 964.03 TRY

RESISTANCES 61 - 64 - 67
SUPPORTS 57 - 55 - 52

LITECOIN [LTC] 964.03 TRY +7.00 +0.03 VOL 21 LTC

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