Tools-for-Trader

Tools-for-Trader

At 29700 BTC found support. As you can see, at 29700 USD is a big volume cluster that indicates heavy buying activity. As long as this support holds, I expect a continuation of the upwards trend, also on lower time frames. Otherwise, BTC could fall to 26700. Nevertheless, the long term trend of BTC looks still very healthy.

Tools-for-Trader

According to PlanB's Stock to Flow Cross Asset Model (S2FX), Bitcoin (BTC) is still undervalued by 35% as of now and the fair value of Bitcoin will climb further in the next month. The S2FX model predicts a Bitcoin price of around 280k USD by end of 2024 at latest. What we saw in the last weeks is a lot of buying activity of institutions like Microstrategy,...