Bitcoin Bulls’ Favorite Stock-to-Flow Model is Flawed

The stock-to-flow (SF) measure proposed by PlanB has become widely accepted as an accurate model to predict the price of Bitcoin given the strong correlation that persists to this day. We’ve previously discussed this model on several occasions, However, according to crypto analysis resource Byte Tree, the model has some underlying flaws. SF Is Nice, But Bitcoin Demand is Key Over the weekend, Byte Tree’s Charlie Morris argued that while PlanB’s SF model was simple and nice, it doesn’t necessarily mean that the Bitcoin price will continue to follow its…

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Bitcoin (BTC) Price Nears Possible Short Term Bottom At $6.5K

Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar. The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400. There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls are likely to take a stand near the main $6,500 support (the medium term outlook bearish target). Bitcoin price is approaching the key $6,500 support area against the US…

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