laatste update: 10-2023
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Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Both 2013 and 2017 ultimately saw a two-tier run to an all-time high. The first peak was followed by a significant drawdown in each instance, which then reversed to spawn a run to a new top. PlanB still believes that $100,000 per Bitcoin will appear this year, while stock-to-flow calls for either a $100,000 or $288,000 average price between now and 2024.
In other trending Bitcoin News today: On Friday, June 11, a total of $565 million in Bitcoin (BTC) options are set to expire. This is significant because the last couple of weeks have been a massive deception for bulls. After all, the price was struggling to sustain the $33,000 support. Bullish Bitcoin maneuvers from El Salvador, Victory Capital and MicroStrategy saved the day by giving bulls a much-needed boost and balancing out Friday’s BTC options expiry.
🔥 Daily Letter:
🔥 Blog / Podcast:
Show Notes / News Resources:
✔ Bitcoin Technical Analysis:
✔ $565M Bitcoin Options Expiry:
✔ Texas Regulators Embrace BTC:
✔ Crypto To Massively Transform 4 Industries:
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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