2 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 conflict astir the little extremity of a year-long trading range. The cryptocurrency could find support astatine $25,000 and $27,000, though determination is hazard of further breakdowns successful price.
BTC was trading astatine $28,800 astatine property clip and is down by 4% implicit the past 24 hours and astir level implicit the past week. Recent returns bespeak choppy trading conditions with nary consciousness of direction.
Momentum signals stay mixed contempt oversold conditions connected the charts. That suggests a neutral to bearish outlook implicit the adjacent fewer days.
Lower enactment is seen astatine the 200-week moving average, presently astatine $21,954. A interruption beneath that level would output a downside people toward $17,673, which would beryllium a 74% driblet from the all-time precocious adjacent $69,000 achieved successful November of past year. For reference, the 2018 carnivore marketplace experienced an 83% peak-to-trough decline.
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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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