Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC hodlers in “buy the dip” modeData from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8 am UTC.The pair saw a difficult 24 hours after hitting local highs above $64,000, … [Read more...] about Bitcoin retests support, with trader forecasting BTC price dip to $55K
Forecasting
Forecasting Bitcoin price using quantitative models, Part 3
This is Part Three of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated price of Bitcoin.The rate of adoptionIf more and more people desire a certain good, and … [Read more...] about Forecasting Bitcoin price using quantitative models, Part 3
Forecasting Bitcoin price using quantitative models, Part 2
This is Part Two of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated price of Bitcoin.The market moves in bubblesIn recent months or even years, there’s been … [Read more...] about Forecasting Bitcoin price using quantitative models, Part 2