Bitcoin Stock To Flow just spiked for the fourth time!
Having kept a close eye this last 4 years on the Stock to Flow for BTC, I had noticed each time the #S2F spiked on the 2W chart, a large parabola move in price action shortly follows. (Phase 3 of the Bull)
At the same time, these spikes always occur right at or before the #BTC Halving! 🪓
As #BTC just reached critical resistance at 48K, there was a significant spike in the S2F data as shown on the chart which means the next parabola phase for #Bitcoin is near!
This could be seen as some relief and good news for the miners.
Happy Trading! đź’«
At the same time, these spikes always occur right at or before the #BTC Halving! 🪓
As #BTC just reached critical resistance at 48K, there was a significant spike in the S2F data as shown on the chart which means the next parabola phase for #Bitcoin is near!
This could be seen as some relief and good news for the miners.
Happy Trading! đź’«
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