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) is successful a consolidation phase, which is defined by a choky terms scope with debased trading volume. So far, the cryptocurrency has struggled to marque a decisive determination supra $30,000, which is adjacent the apical of its caller range.
BTC is up by 3% implicit the past 24 hours, and momentum has improved implicit the past week. That means buyers could stay progressive supra the $27,500 support level.
The crisp down determination connected May 12 toward $25,300 occurred connected precocious volume, which could beryllium a motion of capitulation, albeit little important than successful the erstwhile sell-off.
Still, contempt country for a terms bounce, upside appears to beryllium constricted due to the fact that of antagonistic momentum readings connected the play and monthly charts.
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) 