Bitcoin price has slumped to a new monthly low under $30k earlier today and currently struggling to get past the $30K price. At a time when most of the market metrics indicate dominant bearish sentiment, a very popular Bitcoin price model is looking to deviate from its predicted BTC price.
The Stock-to-flow model that traces Bitcoin price as per its scarcity was well on course of its predicted target of near $100,000 by the end of this year, but the market crash of May has brought about a crucial deviation in the pricing model as it stands at a crucial price channel break.
Make or break for Plan B’s s2f model for $BTC.
I believe in the model, but it’s a tight one at the moment. Bitcoin can’t go much further down without breaking the channel. pic.twitter.com/3tRz4c90v5
— CryptosBatman (@CryptosBatman) July 20, 2021
The break of the support channel will indicate a significant deviation from the predicted price model which many claims would invalidate the model. However, it is import
Źródło: https://coingape.com/is-bitcoin-btc-stock-to-flow-s2f-model-heading-for-a-failure/
