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 clasp support supra $37,500, but could look higher volatility implicit the adjacent fewer days.
The cryptocurrency was trading astatine astir $38,000 astatine property clip and is astir level implicit the past 24 hours and implicit the past week. That indicates indecision among traders – a communal taxable truthful acold this year.
Momentum signals person weakened connected daily, play and monthly charts, which increases the accidental of a breakdown successful price. Lower enactment is seen astatine astir $30,000-$32,000, which could stabilize pullbacks implicit the abbreviated term.
Still, different method indicators are neutral, which means intraday buying could beryllium short-lived. There is beardown resistance astatine $46,700 that could headdress upside moves, akin to what occurred successful precocious March.
The comparative spot scale (RSI) connected the regular illustration has remained beneath 50 (a neutral reading) implicit the past month. The past clip the RSI sustained debased readings was past November and December, which preceded a terms driblet beneath $46,000.
For now, buyers person failed to support consecutive play closes supra $40,000, which is the midpoint of a three-month terms range.
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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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