TLDR
Bitcoin's market cycle peak will come this month and possibly not break $100,000. The last two times it did that, its price doubled over less than a month. Stock-to-Flow says there’s no way that can happen. The new version of the model offers a similarly wide range of prices that fit the model. The price has dropped 50% or more in each of the past three years and all of those drops fit into the model, too. We’ve seen bitcoin make those types of moves in the middle of raging markets.via the TL;DR App
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Written by MarkHelfman | Editor, Crypto is Easy newsletter. #1 writer, Medium. Bitcoin author, analyst, commentator.
