Bitcoin sees record Stock-to-Flow miss — BTC price model creator brushes off FTX ‘blip’
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 record With BTC price suppression ongoing in light of the FTX scandal, an already bearish trend […]
Bitcoin trader eyes $38K dip as Cathie Wood confirms $1M BTC price target by 2030
Bitcoin (BTC) faced a new threat of a dip below $40,000 on April 8 as short timeframes failed to rescue bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin risks return to $38,000 support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating in a range bounded by $44,000 prior to Friday’s Wall Street […]
'Powder keg’: FSInsight report says a single spark could see BTC 5X
Financial research firm FSInsight predicts in a new report that Bitcoin could reach $222,000, and Ether could reach $12,000, by the end of 2022. At current prices of BTC ($43,350) and ETH ($3,080), that would mean a nearly five-time and four-time increase in price for each coin respectively. The Digital Assets In A Post-Cycle World […]
Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts December sub-$57K
Bitcoin (BTC) has failed to hit the November closing price demanded by one of its best-known models — but its creator is not giving up. In a Twitter post on Dec. 1, PlanB said that he would give his floor model one more month to prove itself. BTC floor model on probation BTC/USD should have […]
Analyst nails Bitcoin monthly close 2 months running — his October target is $63K
Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC monthly close matches PlanB prediction Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels before […]
Bitcoin price 'relief' move to $47K pushes BTC below stock-to-flow trajectory
Bitcoin (BTC) may be making long traders miserable but one bullish analyst says that he is “relieved” that it has shed 22% in a week. In his latest social media update, quant analyst PlanB noted that the price dip to under $48,000 has sent BTC/USD below its target laid out by his stock-to-flow price model. […]
Bitcoin network's computing power: Is it an accurate predictor of BTC price?
Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. As reported by Cointelegraph, more power suggests greater network security and interest in the profitability potential of mining Bitcoin. Hash rate a function of Bitcoin’s value A hash rate increase is often associated with the expectation of BTC […]