- Bitcoin Stock to Flow models show huge divergences from reality.
- Nasdaq believes the huge difference means the S2F models are off course.
- However, crypto analyst PlanB argues that the models are accurate.
Top crypto Bitcoin is confounding the market and technical indicators. Specifically, the Bitcoin Stock to Flow (S2F) Model is showing a wide divergence. This has led some analysts to say the model has gone off track.
Notably, crypto analyst PlanB compared the current indicator divergence to similar patterns in January 2019. PlanB has been tracking the Bitcoin S2F Model since March 2019. As such, the analyst is quite familiar with the model.
June closing price $35,037 .. as far below S2F model as in Jan 2019. Next 6 months will be make or break for S2F (again).This article was first published on coinquora.com