Crypto
Morgan Stanley Adds Another $7.5M to Bitcoin ETF Amid Bullish Momentum
Morgan Stanley has continued to add to its Bitcoin ETF, MSBT. The financial institution withdrew another 94.56 BTC (~$7.54M) from Coinbase Prime in a single day, bringing the four-day inflows total to 355.33 BTC (~$28.3M).
The current price of BTC is $79,651.18, trading within its Bollinger bands. It has pushed against the upper resistance at $82,470.61, but the Relative Strength Index (RSI) remains neutral at 53.5.
Key support levels remain in place, with the EMA50 at $78,512.43 functioning as a key level above the EMA200 at $72,884.09. The Moving Average Convergence Divergence (MACD) also shows a golden cross at 535.19, indicating a bullish structure.