Damanick Dantes

Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.

Damanick Dantes

Lo último de Damanick Dantes


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Market Wrap: Bitcoin Outperforms Top Cryptocurrencies in June

The outperformance came despite a negative month for the leading cryptocurrency by market cap.

Bitcoin 24-hour price chart, CoinDesk 20

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Bitcoin Upside Stalls, Could Find Support Near $30K-$33K

Bitcoin was unable to sustain a series of higher price lows over the past few days.

Bitcoin four-hour chart

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Market Wrap: Bitcoin Pushes Higher as Short Bets Unwind

Bitcoin shorts are unwinding positions into the month’s close. Traders watching for signs of capitulation.

Bitcoin 24-hour price chart, CoinDesk 20

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Bitcoin Gathers Upside Momentum, Faces Resistance Near $40K

Bitcoin could see a minor breakout toward the top of a two-month range near $40K.

Bitcoin four-hour chart

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Market Wrap: Cryptocurrencies Rise Despite Binance UK Warning

Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.

Bitcoin 24-hour price chart, CoinDesk 20

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Ethereum Investment Funds Saw Record Outflows of $50M

Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.

Weekly digital asset fund flows

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Bitcoin Meets Resistance at $35K, Support at $30K

Bitcoin is under pressure after reaching $35K resistance. Support at $30K could stabilize the current pullback.

Bitcoin four-hour chart

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Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.

Bitcoin 24-hour price chart

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Bitcoin Stalls at $35K Resistance, Lower Support at $30K

Bitcoin's short-term downtrend is slowing, although upside appears to be limited heading into the weekend.

Bitcoin daily price chart

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Market Wrap: Bitcoin in Recovery Mode Ahead of Options Expiry

Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.

Bitcoin 24-hour price chart