Doug Schwenk | Source | CEO at Digital Asset Research

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Doug Schwenk

CEO at Digital Asset Research
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CEO of Digital Asset Research

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  • Signs of Recovery? BTC Could Flip $40K Resistance to Support - Crypto News

    As the month of June draws to a close, Bitcoin is continuing to trade within the $30K-$40K range for the fourth week in a row. Justin Hartzman, chief executive of Canadian cryptocurrency trading platform CoinSmart. Bank Account Alternative. Business Account IBAN. Justin Hartzman, chief executive of Canadian cryptocurrency trading platform CoinSmart, told Finance Magnates that …

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  • It’s likely true that BTC’s price was overly-impacted by some negative news events in the past weeks. If the buyers somehow flip this wall from resistance to support, $40,000 is definitely within reach. It depends on the appetite for long-term investors in further accumulation of BTC during this market phase. Bitcoin’s price movement has been very positive over the past couple of days, and could continue upward. BTC trades largely on sentiment, and if that continues to be positive in the coming hours and days, we could easily see BTC trade above $40k. It’s likely true that BTC’s price was overly-impacted by some negative news events in the past weeks which has seen it trade lower than anticipated.