Post a Comment Print Share on Facebook
Featured Bowl games OKEx cryptocurrency Bank of England Vitalik Buterin States

A great buy Bitcoin trades at record 59% lower than the stock-to-flow BTC price target

Bitcoin is not as far below stock-to-flow predictions than it should be.

- 20 reads.

A great buy Bitcoin trades at record 59% lower than the stock-to-flow BTC price target

The stock-to-flow model shows that Bitcoin ( BTC ) has never been so low as its target price.

On July 10, Lex Moskovski (chief investment officer at Moskovski Capital) tweeted that stock-to-flow had flagged a historic moment during Bitcoin's 12-year history.

"Great buying opportunity"

BTC/USD has not shown any signs of a true bullish recovery and is drifting further away from the price the stock-toflow price model predicts.

Stock-to-flow, which is undoubtedly the most well-known of all the Bitcoin forecasters has historically followed BTC price movements with astonishing accuracy. It takes every anomaly into consideration to keep its validity.

However, as Cointelegraph reported stock-to-flow's current behavior is giving it a run for its money and its target price, comparatively, has never been so far away from reality.

Moskovski stated that the Negative Stock-To Flow deflection was the highest in Bitcoin history.

If you believe in this model, it's a great opportunity to buy.

According to the stock-to-flow Multiple, Bitcoin/USD should trade at $82,703 Saturday. The spot price at the time of writing was $33,850, 59% less.

PlanB, the model's creator has maintained a bullish outlook on Bitcoin for 2021. His latest price prediction calls for $135,000 in December as a "worst case scenario."

The analyst is currently away from the grid and not commenting upon events. He promises to return in August with a minimum price target around $47,000.

Stock-to-flow is facing serious bear calls

PlanB has not ruled out stock to-flow being invalidated at any time. This could be a reality in the event of extreme bearish scenarios.

Scott Minerd, a Guggenheim executive, has issued a warning of $10,000. He claimed that there was no reason to buy Bitcoin at the current price.

Another data point to a prolonged recovery period for Bitcoin fundamentals. December could see selling pressure again, as per historical precedent.

Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.
TzwSVsOw 11 ay ago


lxbfYeaa 10 ay ago