Will Bitcoin Price Peak at $90,000 in April? Stock-to-Flow Prediction
Could Bitcoin’s Bull Market End Next Month? Forecasted bitcoin’s price into the future and compared the results to historical indicators of market cycle peaks.
If those forecasts seem to be correct, we will reach a peak of around $90,000 next month, give or take a few thousand dollars. Yes, the market cycle peak will occur next month and may not exceed $100,000.
According to Stock-to-Flow, this is not possible.
Yes, according to Stock-to-Flow, the price of bitcoin will reach $82,000 in June and remain above $100,000 from July to eternity. Take a look at this chart from LookIntoBitcoin:
Do you see the squiggly line at the bottom? This shows how far bitcoin’s price has deviated from Stock-to-Flow predictions over time.
When the line intersects the black line, it indicates that the price is in sync with the Stock-to-Flow ratio. As the line moves away from the black line, it indicates that the price of bitcoin is deviating from the Stock-to-Flow ratio.
For weeks at a time, Bitcoin’s price has been 4x higher and 70% lower than Stock-to-Flow, and it has spent months at prices that are +50% lower and +2x higher than what the model predicts.
Also, Check How Will Cryptocurrency Impact Casinos?
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