3 years ago
Damanick is simply a crypto marketplace expert astatine CoinDesk wherever helium writes the regular Market Wrap and provides method analysis. He is simply a Chartered Market Technician designation holder and subordinate of the CMT Association. Damanick is besides an equity/fixed income portfolio manager and does not put successful integer assets.
Bitcoin (BTC) has traded successful a choky scope betwixt $28,500 and $30,000 implicit the past week. Despite short-term swings, the cryptocurrency has managed to clasp support supra $27,000, which could support immoderate buyers active.
BTC was trading astir $30,100 astatine property clip Monday Eastern Time and is astir level implicit the past 24 hours.
Momentum signals are improving connected the regular chart, akin to what occurred successful precocious February and precocious March. Further, the comparative spot scale (RSI) connected the regular illustration continues to emergence from oversold levels, which could constituent to a alleviation bounce successful price.
Still, the regular RSI volition request to emergence supra 50 to find if a terms bounce has staying power.
On the play chart, the RSI is the astir oversold since March 2020, though momentum signals stay negative. That suggests upside could beryllium constricted for BTC, initially toward the $33,000-$35,000 resistance zone.
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Damanick is simply a crypto marketplace expert astatine CoinDesk wherever helium writes the regular Market Wrap and provides method analysis. He is simply a Chartered Market Technician designation holder and subordinate of the CMT Association. Damanick is besides an equity/fixed income portfolio manager and does not put successful integer assets.
Damanick is simply a crypto marketplace expert astatine CoinDesk wherever helium writes the regular Market Wrap and provides method analysis. He is simply a Chartered Market Technician designation holder and subordinate of the CMT Association. Damanick is besides an equity/fixed income portfolio manager and does not put successful integer assets.
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