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

Latest from Damanick Dantes


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Bitcoin Pullback Could Stabilize Around $60K Support

Upside momentum is slowing, although pullbacks remain limited.

Bitcoin's four-hour price chart. Lower chart shows a neutral reading on the RSI indicator. (Damanick Dantes/CoinDesk, TradingView)

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Market Wrap: Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks

But it remains to be seen whether investors will continue to accumulate BTC in hopes of long-term gains.

(Jared Schwitzke/Unsplash)

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First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

The most significant improvement to the Bitcoin network in four years generated weekend enthusiasm in the blockchain community (and a short video) – but nothing too exciting in terms of a price reaction.

Chart of bitcoin price over past week shows the cryptocurrency drifting lower Sunday after the Taproot upgrade went live. (CoinDesk)

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Market Wrap: Bitcoin Expected to Rise on Taproot Upgrade

Some analysts expect a price rise as the Bitcoin network receives the most significant upgrade since 2017.

Bitcoin rise (Shutterstock)

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Bitcoin Decline Could Stabilize at $60K Support

Short-term upside appears to be limited given the loss of upside momentum.

Gráfico de precios de bitcoin a cuatro horas (Damanick Dantes/CoinDesk, TradingView)

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La caída de bitcoin podría estabilizarse en el soporte de $60.000

La suba del precio a corto plazo parece estar limitada por la pérdida de impulso alcista.

Gráfico de precios de bitcoin a cuatro horas (Damanick Dantes/CoinDesk, TradingView)

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First Mover Asia: Bitcoin in $65K Range as Trading Volume Slows

Some analysts see the coming Taproot upgrade spurring an additional bitcoin price increase following this week’s surge.

http://www.shutterstock.com/pic-335942819/stock-photo-snail-on-a-leaf.html?src=KfNS_1cWxi53nnJqRxKRQQ-1-54

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Market Wrap: Bitcoin Stabilizes as Traders Prepare for Taproot Upgrade

Analysts expect further upside despite short-term price swings.

Bitcoin 24-hour price chart (CoinDesk)

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Bitcoin Could Find Support at $56K-$60K

Upside momentum is starting to slow, especially given recent overbought signals on the charts.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

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First Mover Asia: Bitcoin Declines After Reaching a Record High; Ether Also Drops

The dip in bitcoin occurred after news that China Evergrande Group had failed to pay at least some of its international investors interest payments on bonds the real estate giant had issued.

Elon Musk's Tweets Send Bitcoin Price on Roller Coaster Ride; Opportunity for the Rise of Altcoins?