Bitcoin going for $8.570 following recent information

[DreamStage]

The Bitcoin stock to flow (S2F) model describes how long it would take Bitcoin to reach its current supply at its current rate of production, producing a metric known as the stock-to-flow ratio.

Because Bitcoin has one of the highest stock-to-flow ratios of any asset, it can be considered an attractive investment option. This is because it would take a long time for Bitcoin to achieve its current circulating supply at current production levels.

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Following the tweet:
https://twitter.com/s2fmultiple/status/1214060338141945857

We can see that such data has been verified from Bitcoin's history which can lead to such speculation becoming something real.




What price you think Bitcoin will reach in the following weeks?

[Mahanton]

which can lead to such speculation becoming something real.[/b]

Based on the bolded wordwhere we cant really give an assurance that it would happen but somewhat reaching next $1000 wont really be that hard
but climbing to thats price might take some time and wont really be that on next week.Nothing is assured though but i dont see the possibility
to be that short.We do have that resistance on $8500 though.

[kapalmabur]

Bitcoin has the potential to return to the level of $ 8000 in the next few days, and it is true that information I am sure will happen, seeing prices are now rising, hoping Bitcoin does not fall too deep and just correction, happy to see the bitcoin chart if it is like that

[bitcoindusts]

I believe this is just an assumption, a mere guess of the Bitcoin prices by simply taking the average calculation if I am not mistaken.  We shouldn't make this graph a fact of Bitcoin movement because Bitcoin price may go either way.  Though I can see that Bitcoin nay possibly reach $8k+ because it slowly gaining momentum in the market.

[rdluffy]

Just a prediction, of course, but it's very likely that BTC will touch the 8k or even 9k again in a few days, so your prediction could be true
In the beginning of the year people are more optmistic and start to invest, so could be good money to BTC marketcap

[Sterbens]

Currently bitcoin has almost reached $ 7,700 and of course this potential will continue for the next few weeks, maybe $ 8,000 will be reached soon this week, looking at the chart, my view and bitcoin is now starting to show its growth slowly.
Like BTC investors have begun to be owned again so that prices will continue to rise and demand increases.

[YuginKadoya]

I also think that the $8000 USD mark is surely reachable I don't know if we can make it this month but maybe the end of this month but as the recent movement suggested I don't think that we can reach the $10,000 USD into just one leap only I guess we are still in the midst of a bearish movement maybe $8000 can be penetrable by February and $9000 USD by March but it will surely depend on the current movement and right now the market is doing fine by itself.

[buwaytress]

I'm all for self-fulfilling prophecies, and judging from that chart AND the preceding sentiment on social media, it looks like we really could be fulfilling these prophecies all the way to halving in May. I'm not gonna argue really, 8500 is a nice amount to have in January, although I shouldn't really be counting on >60k same time this next year, should I? Won't find me complaining of course!

[Captain Corporate]

 Just because stock to flow ratio is showing the 8.5k levels doesn't mean it has to go up, there has been many many many instances it showed high and price stayed same and even sometimes went down after a while, bitcoin is an unregulated market so there are a lot of insider trading going on with a ton of whales and manipulations and speculations all normally illegal in the real world changing the price of bitcoin without an hint of legal action. One guy who is super rich could come up today and say I will buy all bitcoins until price is 20k, and price may get affected, if the same guy did the same for microsoft stock prices, he would be fined a huge penalty. These kinds of stuff affect bitcoin direly and very much.

[alyssa85]

Currently bitcoin has almost reached $ 7,700 and of course this potential will continue for the next few weeks, maybe $ 8,000 will be reached soon this week, looking at the chart, my view and bitcoin is now starting to show its growth slowly.
Like BTC investors have begun to be owned again so that prices will continue to rise and demand increases.

Yes - but that has to do with the Iran situation more than anything else. Gold is up too, and bitcoin is starting to act like digital gold.

[enhu]

Maybe. We're all bullish about BTC. I don't think someone out there can figure when the price will drop again, maybe a week or two but the price could have gone to $8k as well. If this continues to go this way after halving, the speculations of the big names like Draper will likely come true. Hope it will break the ATH this year.

[Dart18]

7600-7700 in my opinion.

A little movement from some who are in FOMO before the halving. It could also be a panic buy. 
I find it hard to predict if this will be the bottom so it could be one clue that buyers might also be thinking the same thing.
If that is the case then I am sure they will go for the buy instead of waiting the bottom line which might not really happen.

[BChydro]

Yes - but that has to do with the Iran situation more than anything else. Gold is up too, and bitcoin is starting to act like digital gold.

I too expect that people should find bitcoin as a digital gold as the situation in Iran and neighboring countries are struggling for a long time because of sanctions imposed on them and yet i am not sure how many invested in bitcoin as a safe option.
@you quoted $8.57 which means the market will crash  .

[darkangel11]

We've been rejected at 7600 for the second time so it doesn't really look that bullish. Also, I've learned that when traders are waiting for a certain price to be reached it usually either doesn't reach it and gets rejected earlier or it overshoots.
Since we're in a bear trend I'd expect the first scenario to happen.

[Oceat]

Bitcoin has the potential to return to the level of $ 8000 in the next few days, and it is true that information I am sure will happen, seeing prices are now rising, hoping Bitcoin does not fall too deep and just correction, happy to see the bitcoin chart if it is like that

Don't expect too much because this is all just an speculation things always unexpected in this market and I've witnessed it many times. So I don't think the $8k level is possible because the more we expect it to happen the more it is too elusive. But I am happy that Bitcoin even reached the $7500 level after almost a month of staying the $7300 level.

[btc_angela]

Well we have Stock to flow ratio massive spikes? topic being open up last December 31 and it seems no one care. Again, I'm not an expert, and I don't know if people here are looking at that model to predict the price.

I think it's about time that it need to get some 'love' in this community and let those 'experts' lend us their prediction base on this model,  , just saying.

[sunsilk]

We've been rejected at 7600 for the second time so it doesn't really look that bullish. Also, I've learned that when traders are waiting for a certain price to be reached it usually either doesn't reach it and gets rejected earlier or it overshoots.
Since we're in a bear trend I'd expect the first scenario to happen.

Bitcoin broke $7,700 just now and it's now heading towards $7,800. And few days we're under $7,000 and you can easily think that the price given can easily be reached too. But as expected there will be a short dip that awaits where traders has already set to sell.

As halving gets nearer and nearer we might even see some unusual movements or basically it's already an expected ones base on the history that we've seen with bitcoin. Also the war that's about to happen and rumors about premium prices on Iran also might be one factor of this rise.

[Coin_trader]

This is the second time that I show that new indicator post in the forum nade by 2 different user. The other one was already deleted and this post might delete too in the future due to duplicate.

It's good to that BTC keeps tge short term bullish trend but it's dangerous too since the growth is not parabolic and which means that there is high risk for quick sell off once bad news release or after halving.

[barabarian1]

yes I am also optimistic that in these weeks bitcoin will reach $ 8k. and if bitcoin continues to increase at the end of this January then I'm sure the beginning of February bitcoin will reach $ 10k. and in my opinion the reason for the rise in bitcoin right now is the conflict between Iran and the United States that has increased the value of gold, oil and bitcoin.

[$crypto$]

Bitcoin has risen last night, and of course this will be a continuous increase in the next few weeks I'm sure many people believe bitcoin will soon reach its high value, and maybe it could be that this increase will approach halving and btc in Iran has reached 440 million maybe that impact too, if this brings positive there will be more demand.