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Bitcoin (BTC) is struggling to reclaim its psychologically-important level at $30,000 as analysts predict that choppy accumulation may last for months.Bitcoin soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-traded funds (ETFs) in the United States and Ripple's
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Bitcoin (BTC) is now further than ever from its target price according to the Stock-to-Flow (S2F) model.The latest data shows that BTC/USD has deviated from planned price growth to an extent never seen before.Stock-to-Flow sets grim new recordWith BTC price suppression ongoing in light of the FTX scandal, an already
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For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2F price model didn’t come to fruition and dropped well below the price targets in 2022,
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Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWall Street provides short-term reliefData from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining steadily to hit $30,670 on Bitstamp before consolidating. The mood among stocks was more
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In the last couple of years, the stock-to-flow model proposed by PlanB has become very famous. A quantitative study published on the site planbtc.com shows the model and the prediction that Bitcoin (BTC) could reach the capitalization of $100 trillion. Obviously, the crypto industry, including myself, was fascinated by the
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Bitcoin fell below $50,000 on Friday. The pioneer cryptocurrency is currently trading at around $49,405 at 11:10 GMT. Within the last 24 hours, the coin lost 8.9%, a massive loss to traders and investors. However, stock-to-flow models creator, PlanB, has said that he’s relieved that the coin has lost over 22%
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Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however. “IMO we are only ~4 months into the bull market and nowhere near the end
Read MoreA report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The model provides a very optimistic forecast for Bitcoin, claiming that a year from now we should see price levels above $100,000.Source: Glassnode.BytTree’s co-founder and chief investment
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At this point following Bitcoin’s halving, expectations were that the cryptocurrency’s price would be a lot higher. This
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