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) continues to commercialized successful a choky range, struggling to marque a decisive interruption supra oregon beneath $30,000. The cryptocurrency recovered support around $27,500, which has stabilized terms enactment implicit the past week.
BTC was trading astir $29,300 astatine property clip and was down by arsenic overmuch arsenic 3% implicit the past 24 hours.
The comparative spot scale (RSI) connected the regular illustration is rising from oversold levels, but remains capped beneath the 50 neutral mark. A determination supra 50 successful the regular RSI would corroborate a little betterment successful price. For now, upside appears to beryllium limited, initially toward the $33,000-$35,000 resistance zone.
Momentum signals are improving connected the regular chart, but stay antagonistic connected the play and monthly charts. That could summation the hazard of a breakdown successful price, akin to what occurred successful earlier this month.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
Please enactment that our
cookies, and
do not merchantability my idiosyncratic information
has been updated.
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a
strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of
Digital Currency Group, which invests in
and blockchain
startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of
stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
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.
Sign up for Crypto Long & Short, our play newsletter featuring insights, quality and investigation for the nonrecreational investor.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 