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Bitcoin stock to flow3/20/2023 Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellence. Will the new stock-to-flow rainbow chart accurately predict what’s next for Bitcoin price? Featured image from Pixabay The new, stock-to-flow rainbow chart uses the colored bands to indicate support or resistance on the stock-to-flow model’s expected trajectory for Bitcoin’s price based on the asset’s scarcity. ![]() RELATED READING | DIAMONDS ARE FOREVER: BITCOIN AND XRP JUST FORMED AN ULTRA-RARE BOTTOM PATTERN The chart caught on with such traction, that the creator of the stock-to-flow model has combined the charts to form the ultimate in crypto chart collaborations. The chart simply uses colored rainbow ranges to track Bitcoin’s peaks and troughs throughout the years. The chart is called the Reddit Rainbow chart, and it has recently been used to challenge the stock-to-flow model as the ultimate tool for tracking Bitcoin’s price. However, an old chart circulating around the r/BitcoinMarkets sub-Reddit since 2014 has reemerged and could bring some much-needed hope to the crypto community. The lack of supply entering the market causes demand to outweigh what’s available to be bought, causing prices to spike.īut once Bitcoin price plummeted to $3,800 last month, the hope for that scenario went out the window. ![]() The idea is that with the sudden drop in supply, the cost of production doubles overnight, prompting miners to cease selling at a loss. Source: Re-Modeling Bitcoin Price Trajectory By Combining S2F With Reddit Rainbow Chartīitcoin’s halving does indeed reduce the supply BTC miners receive for validating the blockchain. Instead, Bitcoin price is barely over 10% of that lofty price prediction.
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