#Bitcoin Stock To Flow
Bringing your attention to Bitcoins 2-week chart using the BTC Stock To Flow (Yellow line.)
Each time the S2F spikes in past cycles was right on the BTC Halving as this is a tool that focuses on the supply schedule of Bitcoin & typically forms Bitcoins next Market Structure average.
I recently shared analysis of the S2F’s spike 4 weeks ago, which when comparing past cycles, was a little premature in timing to the upcoming BTC Halving, about 112 days early.
Bitcoins halving's are scheduled to occur every 210,000 blocks – roughly every four years – until the maximum supply of 21 million bitcoins has been generated by the network. That makes the stock-to-flow ratio (scarcity) higher, so price should go up. There are currently 9,770 more Blocks left before next halving.
It is also important to note the % of this spike is about 9x higher than the past three times the S2F spiked. However, If BTC pulls back, I expect the S2F will pull back some % also, and we will see the beginnings of the next cycle average very soon.
Also note, that when the S2F begins to turn sideways, is usually in the tail end of Phase 2 of the bull.
Currently the RSI is at the 78 level and the first two BTC halving's the RSI was at the 68 level. Possibly a retest back to this area at the time of the next halving.
If you are new to the Stock To Flow Model, you will find more information here: lookintobitcoin.com/charts/stock-to-flow-model/
Each time the S2F spikes in past cycles was right on the BTC Halving as this is a tool that focuses on the supply schedule of Bitcoin & typically forms Bitcoins next Market Structure average.
I recently shared analysis of the S2F’s spike 4 weeks ago, which when comparing past cycles, was a little premature in timing to the upcoming BTC Halving, about 112 days early.
Bitcoins halving's are scheduled to occur every 210,000 blocks – roughly every four years – until the maximum supply of 21 million bitcoins has been generated by the network. That makes the stock-to-flow ratio (scarcity) higher, so price should go up. There are currently 9,770 more Blocks left before next halving.
It is also important to note the % of this spike is about 9x higher than the past three times the S2F spiked. However, If BTC pulls back, I expect the S2F will pull back some % also, and we will see the beginnings of the next cycle average very soon.
Also note, that when the S2F begins to turn sideways, is usually in the tail end of Phase 2 of the bull.
Currently the RSI is at the 78 level and the first two BTC halving's the RSI was at the 68 level. Possibly a retest back to this area at the time of the next halving.
If you are new to the Stock To Flow Model, you will find more information here: lookintobitcoin.com/charts/stock-to-flow-model/
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