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Damanick Dantes
Latest from Damanick Dantes
Bitcoin Rallies From Oversold Levels; Faces Resistance at $40K
The short-term trend is improving after a series of lower price highs since May.
Looming ‘Death Cross’ Could Signal Bitcoin Bear Market
A death cross occurs when the 50-day moving average crosses below the 200-day moving average.
Bitcoin Holds Short-Term Support; Faces Resistance at $36K
Oversold readings suggest limited upside for BTC toward $36K.
Bitcoin Futures Market in Capitulation Mode as Traders Turn Bearish
The declining futures premium indicates uncertainty about bitcoin following a 35% correction in May and another 12% drop already this month.
Bitcoin Correction Phase Deepens; Support Around $27K-$30K
BTC will need to remain above $30,000 to avoid entering bear market territory.
Investors See Possible El Salvador Bitcoin Embrace as Too Little to Move Market
El Salvador's announcement was largely ignored by markets, possibly due to the country's small size, analysts say.
Ethereum and XRP Looking More Attractive as Investors Rush to Exit Bitcoin Funds
Investors redeemed a net $141 million during the seven days through June 4, the highest weekly total on record, according to CoinShares.
Deutsche Bank Issues Stark US Inflation Warning, Seeing Economic Parallels to 1940s, 1970s
Inflation could send the global economy into recession as central banks lose control, according to Deutsche Bank.
Bitcoin Struggles Below $40K; Upside Limited as Trend Weakens
BTC remains in a tight trading range as the uptrend weakens. Upside appears limited this week.
Bitcoin’s Bull Market ‘May Have Come to an End,’ Says MRB Partners
Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.
