Bitcoin price hits stock-to-flow rebound level not seen since 2017 all-time high
Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Bitcoin (BTC) spending over three weeks in the $30,000 range is proving a crucial test for one of its best-known price models.As noted by Philip Swift, co-founder of trading suite Decentrader on June 11, Bitcoin is issuing a major challenge to the stock-to-flow price forecasting tool.Is it bounceback time for BTC price?BTC price action has hovered in a lower corridor between $30,000 and $40,000 since mid-May. This has worried day traders, while vintage bulls have called for calm....
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Long-term price forecasts based on stock-to-flow remain “intact,” said PlanB after last month’s record red candle. Bitcoin (BTC) may have just had its worst monthly candle in 10 years, but it could still surge to new all-time highs this year, said popular analyst PlanB.In a tweet on Tuesday, the creator of the stock-to-flow-based BTC price models said that Bitcoin is behaving like during its 2013 bull run.Stock-to-flow “intact” after May dropAfter its drop to $30,000 and several retests of that level, concerns are starting to appear over a bigger drop taking BTC/USD toward $20,000 and....
Bitcoin’s trajectory toward $100,000 is more real than ever, data shows, while one naysayer warns that the market is $11,000 overvalued. Bitcoin (BTC) is precisely following price predictions and not making investors wait longer for gains this bull cycle, says famous quantitative analyst PlanB.In a tweet on Dec. 17, the creator of the stock-to-flow price model noted that in its current halving cycle, Bitcoin’s growth is going as planned.BTC price hits $23,562 stock-to-flow targetDespite huge volatility this week, stock-to-flow remains conspicuous in its ability to forecast the pace of....
Someone is buying "a lot" of Bitcoin this week as stock-to-flow deflection reaches a level which traditionally sparks a serious price surge. Bitcoin (BTC) is due for a fresh price surge if one classic price model repeats historical behavior — and buyers are still supporting it.In a tweet on Aug. 3, analyst William Clemente noted that BTC/USD has reached a bullish springboard zone on the stock-to-flow model.Analyst "likes odds" of stock-to-flow induced bull triggerDespite lingering far below stock-to-flow projections on a day-to-day basis, Bitcoin could now use that seemingly bearish signal....
It feels like 2017 all over again. The price of Bitcoin surged to reach an all-time high at the end of November. As a result, anyone who bought Bitcoin right at 2017’s peak moved out of the red and back into positive gains. Prices could go even higher. The Stock-to-Flow (S&F) forecast model is showing […]
Bitcoin has never been so far below where stock-to-flow predictions call for it to be. Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week.In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin's twelve-year lifetime."Great buying opportunity"With BTC/USD showing few signs of a genuine bullish recovery, the pair has been drifting ever further from the price that the stock-to-flow price model calculates it should have.Stock-to-flow is arguably....