Investors are buying Bitcoin below $40,000. This week the Stock-to-flow chart showed a signal thatused to precede sharp soars in the price of BTC.
Bitcoin price could start to rise again if onefrom classical models of price behavior will repeat itself. According to analyst Will Clemente, BTC/USD bounced off the “bullish springboard” of the S2F pattern, which is a bullish signal.
In previous cases, when BTC reached the bottom of the stock-to-flow, its price turned into a significant increase.
The creator of the stock-to-flow model himself is concerned aboutthe recent correction of bitcoin, is still confident that its price will rise to a minimum of $ 135,000 by the end of the year. According to him, this will be "the worst case scenario."
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Based on materialscointelegraph.com
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