Only have a few more weeks to wait...

in #bitcoin3 years ago

With history as our guide, it won't be much longer for much higher prices

Based on how bitcoin has traded historically, we may only have a matter of weeks before bitcoin reaches parity with stock to flow model.

The price of bitcoin hit parity with the model 463 days post halving during the last cycle.

Looking at the same time period this time around and we would see bitcoin hit that level on/around October 14th:

image.png

(Source: https://twitter.com/ccFound2/status/1422928332325228546/photo/1)

Parity would be roughly $75k per coin.

The last time we hit parity we went a lot higher the following two months.

I suspect $75k won't be our high this time around either...

Based on the these models from now until the end of the year should be very good for bitcoin.

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