Bitcoin's Potential Price Channel For The Next 12 Months
The 463-day moving average for Bitcoin's Stock to Flow (S2F) has produced very reasonable results for assessing future expectations. The following channel demonstrates the 463D MA S2F value (top line of the channel) and a 20% to 30% reduction of the 463D MA S2F value (Bottom line of the channel). During Bitcoin bull markets, it's often difficult to know when the best buying opportunities are being presented. This chart could assist in the coming 12 months to know when the price is reaching a saturated sell/buying point. If the price is hitting the bottom line of the channel, it could be a good indicator for a plus-up buying opportunity. If the price is hitting the top line of the channel, it might be an indicator for sluggish price behavior in the coming 30-45 days.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.