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

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Markets

Bitcoin Downtrend Intact; Support at $37K

A decisive breakout or breakdown could occur this month.

Bitcoin daily price chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Singapore’s Distaste for Retail Crypto Spooks Institutional Money

Three Arrows Capital's decision last week to move its headquarters to Dubai reflects growing concerns about the city-state's increasing regulatory scrutiny of crypto; bitcoin returns to where it started the weekend.

Singapore skyline (Unsplash)

Markets

Market Wrap: Cryptos and Stocks Dip Ahead of Seasonally Strong May

BTC is lagging equities and gold so far this year, although returns are typically positive in May.

Investors look toward May (Maddi Bazzocco, Unsplash)

Markets

Bitcoin Momentum Weakens; Support at $35K-$37K

BTC's trading range could persist into the following week.

El gráfico semanal de bitcoin muestra el soporte/resistencia (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Hong Kong Isn’t Sure if It Needs a CBDC

The issues that have prompted other countries to explore a central bank digital currency don’t exist to the same extent in Hong Kong; bitcoin continues its mini-upswing.

Hong Kong faces a choice about pursuing a CBDC. (Camerique/ClassicStock/Getty Images)

Markets

Market Wrap: Cryptos Mixed as Bitcoin Trades Near $40K

BTC is on track for a 15% decline this month, compared with a 13% loss in ETH.

Searching for signs of stability (Julian Hochgesang/Unsplash, modified by CoinDesk)

Markets

Bitcoin Holding Support; Resistance at $43K

The current price action is similar to what occurred in 2018-2019.

El gráfico diario de bitcoin muestra el soporte/resistencia, con el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Indian Crypto Exchanges' Trading Volume Continues to Dive Following New Tax Law; Cryptos Higher

WazirX and CoinDcx volumes were less than a third of their levels prior to the regulations going into effect; bitcoin and ether rise.

India (Kriangkrai Thitimakorn/Getty Images)

Markets

Market Wrap: Bitcoin Stabilizes as Bearish Sentiment Pauses

The relief bounce in stocks and cryptos could be short-lived as recession risks linger.

Sell-off stabilizes (Shutterstock)

Markets

Bitcoin Bounces From $37K Support; Resistance at $40K-$43K

BTC remains in a tight trading range with a loss of upside momentum.

Bitcoin four-hour chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)