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Bitcoin News Alerts | Daily BTC News

938: STOCK-TO-FLOW MODEL PREDICTS BITCOIN $500K+ AVERAGE AFTER 2024 HALVING!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 25 May 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Predicting the future Bitcoin price is impossible according to the Efficient Market Hypothesis (EMH). So why did S2F model correctly predict a BTC price jump after 2020 halving? And what about 2024 halving? "Interesting poll results: 81% thinks #Bitcoin stays below $500K next 5 years. S2F model predicts $500K+ average after 2024 halving. Very similar to March 2019 when I published S2F model and BTC was below $4K. Majority thought S2F prediction of $55K after 2020 halving was crazy." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

In today's show, Bitcoin finally due for 32,800 as long-term Bitcoin price metric flashes overvalued.

0:06.6

In today's show, I'll be breaking down the latest technical analysis.

0:09.3

And as crypto analysts, me Calvin, they pop shares here.

0:11.8

Bitcoin broke through 29,400 and ran towards the next resistance zone.

0:16.0

If we hold 29,400, we'll be good towards $32,800.

0:20.8

Finally, any updates us here this morning?

0:23.0

And Bitcoin is at 29,300, trying to hold support ultra-boring.

0:27.5

Chop market, and as shared here by Nebraska and Guna, Bitcoin, very interesting.

0:31.6

$30,400, the line to beat now.

0:34.3

And this just in breaking news, MasterCard vice president says mass adoption of Bitcoin

0:38.3

and digital assets will happen sooner than later. And more breaking news, Turkey to submit a bill

0:43.9

regulating Bitcoin and crypto in the coming weeks. According to Bloomberg and quoting

0:48.1

U.S. Senator Cynthia Lemis, Bitcoin is on a steady path. Nothing about fiat currency is on a steady path. Facts. And also quoting

0:55.7

U.S. Senator Ted Cruz, I buy a little bit of Bitcoin every week. Keep stacking M-sats. Also in today's

1:02.1

show, investors are unfazed by Bitcoin and crypto sell-offs, according to the great scale CEO,

1:07.1

Michael Sunnishine. That's right, in a new interview with Yahoo Finance at the World Economic Forum Conference. In Davos, Switzerland, Michael Sunnishine. That's right, in a new interview with Yahoo Finance at the World Economic Forum Conference in Davos, Switzerland. Michael Sunnishine says that investors are looking at Bitcoin's recent sell-off as more of an opportunity than a crisis. Also in today's show, Crypto strategist says Bitcoin is prime for a bounce as U.S. stock markets flash, bullish signals. That's right, popular crypto analysts and trader Kevin Sfenzen says Bitcoin is ready to bounce alongside the U.S. stock markets flash, bullish signals. That's right, popular crypto analysts and trader, Kevin Svensson, says Bitcoin is ready to bounce alongside the U.S. stock market. That's right, he says Bitcoin is demonstrating a nearly 90% correlation with the S&P 500 recently. Also in today's show, Bitcoin Price Bottom Signals, as the Fear and Greed Index matches March 2020 lows. As you can see here,

1:45.6

we're currently rated an 11 at a 100 and extreme fear. And as pointed out by this crypto analyst,

1:50.6

something like this might play out for Bitcoin. Notice the lower left corner. We had a double bottom

1:54.8

before getting a green wave. We're currently sitting at the bottom of the wedge. We can go a little

1:59.5

lower and form another double bottom before reversing. We'll also be taken a look at the overall crypto market and discussing

2:05.4

where the Bitcoin price is likely to go next. All this plus so much more in today's show.

2:16.7

Hey, what's good, CryptoFam?

...

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