Bitcoin price hits stock-to-flow rebound level not seen since 2017 all-time high

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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Bitcoin Price Hits All-Time High

According to data from Bitstamp, the USD price of 1 BTC has eclipsed its previous all-time high of $19,666 set on December 13, 2017. The post Bitcoin Price Hits All-Time High appeared first on Bitcoin Magazine.

Bitcoin price 'relief' move to $47K pushes BTC below stock-to-flow trajectory

The creator of the stock-to-flow models, PlanB, says that Bitcoin is still acting "like clockwork" with regard to the their predictions. Bitcoin (BTC) may be making long traders miserable but one bullish analyst says that he is "relieved" that it has shed 22% in a week.In his latest social media update, quant analyst PlanB noted that the price dip to under $48,000 has sent BTC/USD below its target laid out by his stock-to-flow price model."Astonishing" stock-to-flow gets it right againAs such, Bitcoin is no longer "front-running" stock-to-flow, which is traditionally a highly accurate....