Mainstream Press Is Taking Note Of The BTC Stock-To-Flow Valuation Model

I think this is very bullish for the price of Bitcoin. Hundreds of thousands of people in the UK and abroad will read this piece and many will be convinced of its conclusion that Bitcoin has a long way to go before the top of this bull market is reached.

Do not sell the dip!

Source: https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-prediction-2021-peak-b1838256.html

Also, check out the current Bitcoin Mayer Multiple (current price/200-day moving average):

Source: https://mayermultiple.info/

The Mayer Multiple is again below 2.4 and nowhere near the level where selling Bitcoin is a good idea, in my opinion. If you look at the previous bull market topping out around Christmas 2017, the movement of the Mayer Multiple looks similar to what it was like before the final peak.

Posted Using LeoFinance ^Beta