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! 💫
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! 💫
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