We’re experiencing an historic moment in bitcoin's 12-year lifetime, as the currency’s stock-to-flow model is below its target price, according to Moskovski Capital boss Lex Moskovski.
The BTC/USD pair has been fairly lackluster and not showing any signs of bullish recovery.
The reason the stock-to-flow model is so popular is that it's arguably the most accurate way to make predictions about the currency's pricing.
“Negative stock-to-flow deflection is the highest it's ever been in the whole bitcoin history”, Moskovski tweeted.
According to Moskovski this means that people should start buying right now. “This is a great buying opportunity, if you're a believer in this model”, he added.
There seems to be movement in exchanges too, as CGN reported earlier today that some 2,000 BTC are being bought up from exchanges every day, suggesting that a new bitcoin accumulation cycle has begun. It's hard to tell if it has something to do with the stock-to-flow metric though.
Does this mean it's time to buy? The crypto market is highly volatile, and no accurate prediction can be made by individual analysts, leaving the onus on consumers.
What we can offer you is to take it easy at some popular crypto websites such as 1xBit, FortuneJack, and Bitcasino.io.
