Author: Joseph Young

Not just Wall Street: Quant trader explains why Bitcoin price is going up

CoinTelegraph

Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin (BTC).  The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets. Alameda Research is Read More

Why Traders Growngly Expect Bitcoin “Reaccumulation” At $15K Before Next Run

The price of Bitcoin (BTC) surpassed $16,000 with strong momentum and has remained above the resistance-turned-support area since the initial breakout. Yet, traders are turning slightly cautious, anticipating a “reaccumulation” trend in the near term. The term reaccumulation refers to Read More

Bitcoin Quickly Drops 3.5% After Surging Past $16k—Here’s Why It’s Healthy

The price of Bitcoin (BTC) just surpassed $16,000 on the fourth retest. Yet, across BitMEX and Bitfinex, short liquidations totaled around $13 million. This shows that rather than an overheated futures-driven rally, the ongoing uptrend is organic. Still, the price Read More

Most ‘organic’ Bitcoin pump in years — trader explains why a blow-off top is unlikely

CoinTelegraph

Despite Bitcoin’s (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons. The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and Read More

Not bad for 2020: Up 42% in Q4, Bitcoin price outperforms top bank stocks

CoinTelegraph

Historically, traditional market analysts and old school investors tend to look at Bitcoin and other cryptocurrencies with a wary eye, and when crypto pundits attempt to make comparisons between the two these investors say it’s an apples to oranges argument. Read More

Warren Buffett praises stocks Dollar-cost averaging — but does it work for Bitcoin?

CoinTelegraph

Warren Buffett has a message to young investors: dollar-cost average into major stock market indices. However, data shows that the same strategy has worked quite well for Bitcoin (BTC) too over the past decade. The term dollar-cost averaging or DCA Read More

Bitcoin price hits $14,000 exactly 12 years after whitepaper released

CoinTelegraph

The price of Bitcoin (BTC) surpassed $14,000 on Oct. 31, the day Satoshi Nakamoto released the Bitcoin whitepaper in 2008. Since then, the world’s biggest cryptocurrency has seen remarkable and exponential growth across various areas. The daily price chart of Read More