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) has traded successful a choky scope betwixt $27,000 and $30,000 implicit the past fewer days. That's a cardinal support portion for BTC, which is besides the little bound of a year-long trading range.
BTC was trading astir $29,000 astatine property clip and is down by 3% implicit the past 24 hours.
A decisive interruption beneath $27,000 could output further downside targets for BTC, initially toward $17,823. Further, BTC's downward sloping 50-day moving mean indicates persistent inclination weakness, which could support sellers active.
Bitcoin faces beardown resistance betwixt $33,000 and $36,000, which could stall an upswing successful price. And connected the play chart, momentum remains antagonistic contempt oversold readings. That could summation the hazard of a breakdown successful price, akin to what occurred successful March 2020 and November 2018.
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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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