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This morning, it was reported that the BTC/USD opened the day while valued at 6590-fiat and is currently fluctuating around 6593-fiat. Between then and now, the pair, however, witnessed a robust intrarange action, in which the value retested 6500-fiat as its psychological support, and found its uptrend capped by an equally strong resistance level near 6627-fiat. The sideways consolidation action offers adequate opportunities to traders to enter and exit markets on decent profits. (Source: ccn.com/bitcoin-price-intraday-analysis-btc-usd-stability-continues)
Circle Internet Financial Ltd., the Goldman-Sachs funded crypto investment vehicle has been moving swiftly to become a dominant player in the crypto industry. The company in past 24 to 48 hours has made a couple of announcements that have added new ammunition to the company’s growth plans. According to the latest news reports Circle has added a new feature on their app named “Collections” and acquired equity crowdfunding platform and broker-dealer SeedInvest. While the exact terms of the transaction were not disclosed, the deal still awaiting regulatory approvals from Financial Industry Regulatory Authority, once the acquisition is approved, it will reportedly enable Circle to expand SeedInvest’s offerings to support cryptocurrencies, including fiat stablecoins and issuing and offering tokenized securities. (Source: coingape.com/goldman-sachs-circle-strengthens-crypto-reputation/)
The much-anticipated launch of a Bitcoin exchange-traded fund has a new deadline for approval from the US Securities and Exchange Commission: 26 October. In the time leading up to 26 October, the SEC says it is reviewing proposed changes to the rules that would reflect on nine separate ETF proposals from three different applicants. These applicants constitute ProShares in conjunction with the New York Stock Exchange with their two proposed ETF exchanges NYSE Arc, five ETF proposals from Direxion and two from GraniteShares. The SEC called for "any party or other person" to file a written statement either supporting or condemning the ETFs in the allotted time before the deadline. (Source: bitcoinnews.com/sec-etf-review-deadline-set-for-26th-october/)
The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:
As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.
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