Too Long; Didn't Read
Historically, upside deviations in Bitcoin’s price beyond the Stock to Flow line precede Bull Market Tops. Bitcoin has exacted an upside deviation that peaked in Quarter 2 three times out of a possible six: June 2011, June 2019 and Quarter 4. Bitcoin's best chance of deviating beyond Stock To Flow line would be when the S2F line isn’t ascending. Bitcoin will likely begin its upside deviation in mid-May 2021, at around the time that the stock to flow line flattens. Bitcoin is effectively effectively eclipsing the ascending Stock to flow level of $84,000.