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) is investigating enactment astir its 100-week moving average, though upside momentum has slowed implicit the past month. The cryptocurrency could stay successful a wide trading scope until a decisive breakout oregon breakdown occurs.
BTC is connected way for an 18% diminution this period and is down astir 40% from its all-time precocious astir $69,000 reached successful November of past year.
Most method indicators are neutral connected the regular and play illustration and bearish connected the monthly chart. That could summation the hazard of a breakdown successful price, particularly if enactment astatine $37,500 fails to hold.
A bid of higher terms lows since Jan. 24 has supported buying enactment connected dips. Still, absorption astatine $46,710 has capped rallies implicit the past 3 months.
For now, BTC is connected ticker for a countertrend reversal awesome adjacent week, per the DeMARK indicators, which typically precedes a little upswing successful price.
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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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