Bitcoin Fund is Likely to be scheduled on the Canadian Stock Exchange
An Investment company in Canada, 3iQ Corporation has submitted for the Bitcoin Fund asset on the Canadian Stock Exchange. The Ontario Securities Commission (OSC) board has initiated the OSC manager to issue an acceptance for the closing brochure of the fund. Mr. Fred Pye, President of 3iQ Corporation indicated that the company has been working on the asset and products for some time.
The company intends to arrive at a product that will be satisfactory to all shareholders. Nevertheless, the company has resolved the question of pricing, safekeeping, and inventory in a regulated economy. The company may soon commence operation and has collaborated with Gemini Trust Company LLC; a New York-based exchange as the caretaker of the Bitcoin Fund.
Bitcoin (BTC) Price Makes a Pullback May Retest the Previous High of $10,000
Recently, on October 26, Bitcoin price rallied from a low of $7,400 to $9,800 price level. It was a surprising rally as the bears were stunned below the $8,000 price level. However, the BTC price made a pullback after being resisted at the $10,000 price level. The market is now in a period of consolidation above the $9,000 price level.
After a period of consolidation, the coin may encounter a price breakdown or breakout. On the upside, if the $10,000 resistance level is breached, the market will reach the highs of $12,000 or $13,000 resistance levels. Conversely, if Bitcoin falls, the market will drop to a low of $7,400 or $7,200 support levels.
Key Resistance levels: $10,000, $11,000, $12,000
Key Support Levels: $8,000, $7,000, $6,000
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Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
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