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The popular stock-to-flow Bitcoin pricing model is still showing positive signs and a possible second leg for the current bull market.
According to PlanB, the brainchild behind the highly-debated BTC stock-to-flow model, the bull market is not over yet.
In a tweet on August 18, the analyst posed an update of the model showing that target white line and on-chain pricing signals indicate that we are still in the middle of this cycle.
The model has been pretty accurate during Bitcoin’s lifespan so far, and its creator still asserts that prices have a lot further to go during this cycle:
“IMO we are going up, first to 100k, then 288k”
In other trending Crypto News today: Ethereum ‘liquidity crisis’ could see new ETH all-time high before Bitcoin
Ethereum‘s native token, Ether (ETH), may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals.
In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH the edge over BTC.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cryptopotato.com/stock-to-flow-model-suggests-second-leg-of-bitcoin-bull-market-imminent/
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