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

Останні від Damanick Dantes


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Bitcoin Analysts Set Sights on $70K (Even $80K) After All-Time High

Bitcoin is seen rising towards $70K by May according to several analysts interviewed by CoinDesk.

MOSHED-2021-1-28-14-2-34

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Bitcoin Traders Seek Further Upside Exposure, Pushing Futures Premiums Higher

Bitcoin futures traders are becoming more bullish with extreme upside leverage.

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US Inflation Rises Faster Than Expected In March, but Unlikely to Deter Fed

U.S. March inflation beat expectations, but the Fed is likely to remain unmoved. Bitcoin traders continue to hedge.

Federal Reserve Chair Jerome Powell

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Bitcoin Breaks to All-Time High, Ending Three Months of Consolidation

Bitcoin made a fresh all-time high after breaking above $60K and ending three months of consolidation. Next resistance around $68K-$70K.

BTC Four-Hour Chart

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What Would Biden’s Tax Hikes Mean for Bitcoin?

Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.

President Joe Biden meets Monday with members of Congress on his infrastructure and jobs plan.

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Higher US Inflation Expected in March CPI Report, and Bitcoin Traders Are Watching

Analysts expect higher inflation ahead of U.S. March CPI report despite the Fed's wait-and-see approach.


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Digital Asset Fund Inflows Declined Last Week as Bitcoin Prices Stagnated

Last week was the first week of no outflows across funds since mid-February.

Inflows to digital-asset funds declined last week, according to CoinShares.

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Bitcoin Struggles Near $60K; Short-Term Support Around $58K

Bitcoin struggled near $60K again; support is nearby around $58K as buyers take some profit.

BTC Four-Hour Chart

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As Coinbase Listing Nears, Analysts Pitch Valuations From $19B to $230B

The wide range shows the extreme uncertainty and risk of investing in the fast-moving cryptocurrency industry.

Coinbase CEO Brian Armstrong opposes the infrastructure bill's tax provision.

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Bitcoin Holds Support; $60K Resistance Within Reach

BTC is attempting to break above a series of lower price highs since April 1, which suggests buyers are gaining strength as sellers retreat.

Bitcoin Four-Hour Chart