Damanick Dantes

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.

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Bitcoin Tends to Weaken During Asian Trading, Especially After Bank of Japan Policy Shift
Asian sellers meet North American buyers, as BoJ policy move reminds traders of timing patterns.
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The US Government Sold Some Bitcoin – and Got a Good Price
The General Services Administration has been auctioning bitcoin since 2014, when the FBI shut down the Silk Road black market.
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Bank of America Sees DeFi 'Potentially More Disruptive Than Bitcoin'
There is "no good reason to own BTC unless you see prices going up," the bank says, but it is intrigued by decentralized finance.
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Bitcoin Rallies Towards $60K Resistance, Short-Term Support Seen at $56K
Bitcoin's rally reignited the short-term trend and will now test resistance around $60K as it eyes all-time-highs.
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Bitcoin Volatility Index 'BitVol' Makes First Trade
The BitVol index level puts the cryptocurrency's annualized volatility at 100%.
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Morgan Stanley Sees Cryptocurrencies on Path to Investable Asset Class
The Wall Street firm sees signs of maturation especially given its resiliency since the height of the pandemic.
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Bitcoin Stalls at $57K Resistance, Lower Support Around $53K
“Short-term momentum remains positive, but far less so than in February,” writes one analyst.
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Bitcoin Could Hit $115K by August, Pantera's Morehead Writes
Bitcoin could be set for a price rally north of $100,000 this summer under Pantera's model.
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This Blockchain Indicator Might Show Bitcoin Rally Has Legs
Historically, the periods the MVRV ratio has dropped below 1.0 have been some of the best times to invest in BTC, according to Coin Metrics.
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Long-Term Bitcoin HODLers Still Accumulating, Suggests Conviction
The active supply of bitcoin held for shorter periods of time keeps shrinking, according to Arcane Research.
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