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Is Bitcoin Following S2F Model? How a $200K Top Could be in Sight

Is Bitcoin a commodity? It is, according to most regulatory agencies including the CFTC. But is Bitcoin a store of value (SoV) commodity? That seems to be the current consensus. Most of the investors are treating it as so, and calling it “Gold 2.0.” Well, if that’s the case, then Bitcoin should follow the stock-to-flow model. At least to a degree. The model gauges the total amount of “stock” – Bitcoin, in this case – available at the moment against the “flow” of new production to get the stock-to-flow ratio. That ratio quantifies scarcity.  According to the creator of the…

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Stock-To-Flow Creator: Bitcoin Cycle “Nowhere Near The Top”

Bitcoin price still can’t crack back above $60,000 and prices are slowly moving downward. And while the creator of the popular stock-to-flow model agrees there’s no avoiding regular corrections in the leading cryptocurrency, the top of the current cycle is “nowhere near.” Here’s a closer look at why the model’s creator is so confident in further price appreciation, along with a technical look at where the cryptocurrency could be in the current cycle, in comparison to previous cycles. Stock-To-Flow Creator Says The Top In The Current Cycle Is “Nowhere Near” Bitcoin is well on the way to proving the highly…

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BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description of a nascent currency.” A Firm Dollar and Treasury Yields Takes Some Steam Out of Gold’s Market Performance The U.S. dollar has gained some strength in the last two weeks, and crypto-assets like bitcoin (BTC) have increased in value as well. However, the precious metal…

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Egy bitcoin jóslat szerint 2025-re 120 millió Ft lehet egy coin. Mi a magyarázat?

Eme cikk írásakor nagyjából 16.7 millió forint körül kereskedtek a bitcoinnal, ami egy rendkívül jó ár összehasonlítva mondjuk a tavalyi év végével. A bővülés okairól ugye már sokszor, sokan elmondták a véleményüket. De arról viszont már tényleg csak jóslatok és remények vannak, hogy meddig emelkedik majd az ár. Nemrégiben a Wave Financial nevű amerikai befektetési cég munkájaként jelent meg egy bitcoin jóslat erre vonatkozóan. A cég úgy véli egy stock-to-flow (S2F) analízis alapján, hogy 2025-re egy BTC ára meghaladhatja a 400 ezer dollárt is. Ez mai árfolyamon úgy 120 millió forint. A Wave Financial által publikált bitcoin jóslat ígéretes jövőt…

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Bitcoin: For S2F to be valid in 2021, this is BTC’s price target for December

A $2000 dollar drop at the beginning of the month significantly altered the fundamentals for Bitcoin. After breathing down the neck of a probable 2019-high ($13,8oo), BTC paid another visit to the $10,000-level. As a result of Bitcoin’s fall on the charts, positive market sentiment was disrupted, following which, certain changes were triggered over the next 2 weeks. Source: Glassnode Now, according to a recent Glassnode update, Bitcoin’s Stock to Flow Deflection has registered a 5-month low of 0.596. The S2F deflection indicates the ratio between the present Bitcoin price and the S2F model. If the value is under 1…

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Bitcoin Difficulty Sets New Record as Miners Enter Bullish Phase

The massive financial overlay undertaken by major Bitcoin (BTC) miners is beginning to yield some significant results with mining difficulty reaching a new all-time high (ATH). The immediate post-halving period did see smaller operations exiting the market with participants moving towards more sophisticated hardware. Bitcoin Mining Difficulty Sets New ATH Tweeting on Monday, Bitcoin analystRead MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track

The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset bitcoin (BTC) is up over 24% over the last 30 days and up more than 16% during the last 90 days. BTC touched a 2020 high of just above $12,000 per coin before tumbling 10.9% last Sunday. With the price giving traders optimism many speculators wonder if crypto assets are about to witness…

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93% of Bitcoin’s Supply Profitable at $11K, ‘Realized Price’ Recovers from Black Thursday

Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research and analysis firm Glassnode revealed that when the price of bitcoin (BTC) is over the $11,000 range, 93% of bitcoin in circulation becomes profitable. At the time of publication, BTC has been struggling to hold that momentum as the price has shifted below the $11k range a couple of times on Tuesday. The spike on Tuesday led to a decent…

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