Bitcoin tests yearly moving average as $100K by Christmas needs 'small miracle'
Bitcoin will now decide whether or not to preserve the one-year trendline as support in what has historically resulted in long-term upside. Bitcoin (BTC) prepared a showdown with a key moving average (MA) price trend on Dec. 19 with time running out for a strong 2021 close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"I vote we bounce and stay bull"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at $47,000 Sunday, still firmly in an established range.That price is currently the location of Bitcoin's one-year MA trendline, an important historical....
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During no other time of the year are humans more open to the idea of miracles than now. But what about a crypto Christmas miracle for Bitcoin? Rather than the miracle being the premise for a holiday flick, it is possible that the appearance of a backtestable technical signal puts in a miracle-esque bottom for the cryptocurrency market. More Credence For A Santa Claus Rally In Crypto Dozens of Hallmark-style holiday movies include the world “miracle” in their title. The idea that Santa Claus could hit the homes of children across the entire globe in one night demonstrates the....
O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit! Transactions keep on moving! Not only when the markets soar. But also when the bearwhales roar! O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit. You've seen so much this year! O Christmas Bit, O Christmas Bit. The new year is so near! From IBM to Microsoft, From BitLicense to old Mt Gox! O Christmas Bit, O Christmas Bit! You've seen so much this year! O Christmas Bit, O Christmas Bit. The snow outside, it glistens! O Christmas Bit, O Christmas....
The pseudo-anonymous bitcoin analyst called Plan B gave his 704,000 Twitter followers an update on the notorious stock-to-flow (S2F) bitcoin price model. Plan B stressed on August 27, that the “next months will be key” as he believes the bitcoin S2F model “predicts $100K by Christmas.”
‘$100K by Xmas’
Plan B is a popular figure in the bitcoin world as the pseudo-anonymous analyst is well known for his stock-to-flow (S2F) price model. In basic terms, the model quantifies the commodity’s (bitcoin) scarcity and then divides it by....
PlanB, the popularizer behind the Bitcoin S2F method, says the model predicts BTC will break $100k by this Christmas. The Bitcoin Stock-To-Flow Model According to PlanB on Twitter, the BTC stock-to-flow (or S2F in short) model predicts that the cryptocurrency is on its way to break $100k by Christmas. The S2F model is a method to predict the price of an asset based on the ratio of the stock (supply) to the flow (annual production). PlanB is commonly known as the originator of the model, which is, however, not true. The method was already used for other assets like gold or silver before the....
With Bitcoin price well over $20,000, chances are the cryptocurrency will be a topic during holiday dinner table discussions once again this year. Investors in “digital gold” in 2020 are especially merry right now, after a 500% rally from yearly lows. Data taken from each Christmas Eve to the next shows that it isn’t just holiday cheer that is spreading, and that wallets holding 1 BTC or more have reached their highest level historically. Christmas […]