Babes
07/05 04:32

With Bitcoin [BTC] hovering close to its ATH again, market participants are now wondering what’s next for the world’s largest cryptocurrency.
According to the Bitcoin Stock-to-Flow (S2F) model, the current cycle still has enough room to the upside. In fact, over history, Bitcoin’s price has significantly coincided with the S2F curve, with the latter now hinting at a potential price hike.
At it stands, Bitcoin is still below the forecasted trend, meaning that the cycle peak might not have been met yet. The plot of error further suggested that BTC may be undervalued, with respect to the model.
Should history repeat itself, Bitcoin might gain significantly before its peak.
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