BTC On Track to Break All-Time High: S2F Model

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Bitcoin (BTC) bulls continued on their new ATH mission today and have sent the cryptocurrency to a new YTD high at $16,220. The cryptocurrency market rose to a high of $460 billion in today’s rally, as about $12 billion flowed into the market.

Despite the heavy sell pressure around the $16,000 level, expectations for new highs remain unabated as echos of Bitcoin officially entering a fresh macro-cycle ripple across the industry.

Meanwhile, PlanB, creator of the Bitcoin Stock-to-Flow (S2F) model, asserted that BTC’s YTD renewal is a good sign that it’s still on track to the $100,000 target.

The popular stock-to-flow model was first published in March 2019 and is concerned with the relationship between the production of supply and the available stock. In other words, it calculates Bitcoin’s value through scarcity.

The model has projected BTC’s price with a high degree of accuracy over the past three halving events. This year’s halving effect is playing out identically to the halving reactions in 2012 and 2016, with massive gains projected for 2021 if history plays out correctly.

Meanwhile, the Chief Investment Officer of Arcane Assets, a crypto hedge fund, is not sold on the recent BTC projections. To prove his disbelief, he is willing to wager $1 million that the Bitcoin price model will be “broken” within five years, and BTC will not reach 50% of its target.

Key BTC Levels to Watch in the Near-Term — November 12

Bitcoin continues to trade in line with our ascending trendline as it aims to break its all-time high at $20,000. That said, a mild retrace from this level will likely get saved by the $15,700 level (our trendline level).

Meanwhile, our key resistance levels are at $16,220, $16,500, and $17,000. While our key support levels are at $15,700, $15,200, and $15,000.

Total market capital: $457 billion

Bitcoin market capital: $298 billion

Bitcoin dominance: 65%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.