The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Trader Flips Bullish on Bitcoin, Says He’s Accumulating As Much BTC As He Can – Here’s Why

by Daily Hodl Staff
August 1, 2021
in Bitcoin, Trading

A pseudonymous crypto trader and analyst is changing his Bitcoin (BTC) outlook as the top cryptocurrency hits $42,000.

The crypto trader, known as Cantering Clark, has changed his neutral-to-bearish stance on Bitcoin in a matter of days as bulls maintain control of the BTC market.

Cantering Clark says Bitcoin continues to flash signs of strength, citing a claim from quantitative crypto trader Sam Trabucco that BTC is poised for another short squeeze.

“BTC seems pretty strong up here, and AlamedaTrabucco alluded to more shorts that could potentially get squeezed.

Might be a mistake to not look at this many days as an outlier indicating strength, rather than likely mean reversion.”

A short squeeze happens when many traders who bet that the asset will go down are abruptly forced to liquidate their positions and buy at higher prices as the market moves against them. The phenomenon sometimes results in the rapid increase of an asset’s value.

Amid the possibility of a short squeeze and BTC’s sustained rise, Cantering Clark unveils his new investment strategy.

“New Clark Investment Mandate – Reaccumulate spot. Trying to buy as much Bitcoin as possible in this range.

Bad news seems to have almost no impact on price anymore, this is telling. No sense in trying to be fancy. The differences in entering here or $35,000 will be negligible.”

The crypto trader adds that the recent lows line up with the lower end of the 20-week moving average, suggesting that Bitcoin might have bottomed out for now.

“Just looking at some trend tools…

That 20 period on the weekly is a really significant line in the sand, and right now it just so happens to line up with the underside of previous lows.”

Source: Cantering Clark

The trader also predicts that Bitcoin will ignite a rapid ascent to $100,000 once it breaches its all-time high of $64,000.

“Just doing some thinking. $100,000 Bitcoin is just over 50% above the all time high [ATH].

That is going to feel like a heartbeat when we finally break this ATH again.”

Source: Cantering Clark
Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/agsandrew

Submit a Press Release

Industry Announcements

  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
  • GSR Invests in Maverix Securities To Support the Launch of Regulated Digital Asset Structured Products
    May 15, 2025
  • Sportsbet.io Launches One Million USDT Giveaway To Mark Champions League Finale
    May 15, 2025
  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$102,952.58
$102,952.58
0.92%
Ethereum
$2,412.57
$2,412.57
3.83%
BNB
$640.40
$640.40
0.88%
Solana
$161.69
$161.69
5.68%
XRP
$2.32
$2.32
3.18%

Spotlight

  • Cathie Wood Doubles Down on 2030 Bitcoin Price Target, Says BTC Still Has ‘Miles To Go’
    May 12, 2025
  • Bitcoin Now a Deflationary Asset Amid Aggressive BTC Accumulation by Strategy, According to CryptoQuant CEO
    May 12, 2025
  • 161,359 Americans Warned Data Breach May Have Exposed Names, Social Security Numbers, Financial Records and More
    May 12, 2025
  • Healthcare Stock Explodes 719% After Sudden Merger With Bitcoin Firm Owned by President Trump’s Crypto Advisor
    May 12, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl