{"id":468598,"date":"2021-08-03T19:00:27","date_gmt":"2021-08-03T19:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=468598"},"modified":"2024-06-11T10:43:00","modified_gmt":"2024-06-11T10:43:00","slug":"trend-line-touch-send-bitcoin-on-tear","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/trend-line-touch-send-bitcoin-on-tear\/","title":{"rendered":"Trend Line Touch Could Send Bitcoin On A Tear"},"content":{"rendered":"<p>Popular Bitcoin model Stock-to-Flow (S2F) shows BTC has touched a trend line that has historically sent the crypto flying.<\/p>\n<h2>Bitcoin Touches S2F Deflection Trend Line<\/h2>\n<p>As pointed out by a crypto analyst on <a href=\"https:\/\/twitter.com\/WClementeIII\/status\/85373956\" rel=\"nofollow\">Twitter<\/a>, BTC seems to have just touched a lower S2F deflection trend line.<\/p>\n<p>The S2F or <a href=\"https:\/\/wncen.com\/news\/bitcoin\/plan-b-famed-bitcoin-model\/\">Stock-to-flow Bitcoin model<\/a> helps in predicting the price of BTC. The method has proved to be remarkably accurate so far, besides a few points of deviation.<\/p>\n<p>S2F model is based on the ratio between the stock (supply) and the flow (annual production). The model can be applied to any asset, not just BTC. A higher value of the indicator means the commodity is more scarce.<\/p>\n<p>Here is how the latest S2F chart for <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-remains-at-risk-38k\/\">Bitcoin<\/a> looks like:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-468605 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/chart-1.png?resize=460%2C242\" alt=\"Bitcoin S2F\" width=\"460\" height=\"242\"><\/p>\n<pre style=\"text-align: center\">The BTC S2F chart seems have a negative deflection at the moment | Source: buybitcoinworldwide.com<\/pre>\n<p>As the graph shows, despite some deflections during certain periods, the model still seems to be close. Currently, the chart shows a negative deflection.<\/p>\n<p>Now, there is another, related indicator of relevance here. The Stock-to-Flow deflection. This metric highlights whether an asset is undervalued or otherwise in terms of its S2F value.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/analysis\/btc\/expert-predicts-162k-bitcoin-peak\/\">On-Chain Expert Predicts $162K Bitcoin Peak This Cycle<\/a><\/strong><\/em><\/p>\n<p>The BTC S2F deflection is calculated by taking the ratio between the current price and the S2F value. When the ratio is more than 1, it means BTC is overvalued, while if it&#8217;s less than 1, the crypto is said to be undervalued.<\/p>\n<p>Below is a chart that shows the current trend in the BTC S2F deflection value:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-468606 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/chart-2.png?resize=460%2C259\" alt=\"Bitcoin S2F deflection\" width=\"460\" height=\"259\"><\/p>\n<pre style=\"text-align: center\">The BTC S2F deflection ratio is much less than 1 right now | Source: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;m=indicators.StockToFlowDeflection\" rel=\"nofollow\">glassnode<\/a><\/pre>\n<p>As the graph shows, there is a trend line that Bitcoin has touched in the past, soon after which the price has jumped up.<\/p>\n<p>It seems like the crypto has once again made a touch on this line, and if past pattern follows, the price might move up.<\/p>\n<h2>BTC Price<\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-slumps-below-40k-again-heres-what-to-consider-in-the-coming-days\/\">Bitcoin&#8217;s price<\/a> is around $38k, up 2% in the last 7 days. Over the past month, the coin has accumulated 8% in gains.<\/p>\n<p>Here is a chart showing the trend in the value of the cryptocurrency over the last 6 months:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-468607 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/chart-3.png?resize=460%2C242\" alt=\"Bitcoin Price Chart\" width=\"460\" height=\"242\"><\/p>\n<pre style=\"text-align: center\">BTC seems to be once again moving downwards | Source: BTCUSD on <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<p>After a relieving period of sharp uptrend where Bitcoin reached $42k, the coin is once again falling down. As the S2F deflection trend line shows, it&#8217;s possible the price might shoot back up. However, that&#8217;s only given the pattern indeed holds.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/the-death-of-chinas-bitcoin-mining-industry-7-takeaways-from-the-article\/\">\u201cThe Death Of China&#8217;s Bitcoin Mining Industry,&#8221; 7 Takeaways From The Article<\/a><\/strong><\/em><\/p>\n<p>Also, something to note here is that even if the pattern holds, the price might not immediately go up. As the S2F deflection chart shows, BTC touched the trend line twice in 2017 before shooting back up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular Bitcoin model Stock-to-Flow (S2F) shows BTC has touched a trend line that has historically sent the crypto flying. Bitcoin Touches S2F Deflection Trend Line As pointed out by a crypto analyst on Twitter, BTC seems to have just touched a lower S2F deflection trend line. The S2F or Stock-to-flow Bitcoin model helps in predicting the price of BTC. The method has proved to be remarkably accurate so far, besides a few points of deviation. S2F model is based on the ratio between the stock (supply) and the flow (annual production). The model can be applied to any asset, not just BTC. A higher value of the indicator means the commodity is more scarce. Here is how the latest S2F chart for Bitcoin looks like: The BTC S2F chart seems have a negative deflection at the moment | Source: buybitcoinworldwide.com As the graph shows, despite some deflections during certain periods, the model still seems to be close. Currently, the chart shows a negative deflection. Now, there is another, related indicator of relevance here. The Stock-to-Flow deflection. This metric highlights whether an asset is undervalued or otherwise in terms of its S2F value. Related Reading | On-Chain Expert Predicts $162K Bitcoin Peak This Cycle The BTC S2F deflection is calculated by taking the ratio between the current price and the S2F value. When the ratio is more than 1, it means BTC is overvalued, while if it&#8217;s less than 1, the crypto is said to be undervalued. Below is a chart that shows the current trend in the BTC S2F deflection value: The BTC S2F deflection ratio is much less than 1 right now | Source: glassnode As the graph shows, there is a trend line that Bitcoin has touched in the past, soon after which the price has jumped up. It seems like the crypto has once again made a touch on this line, and if past pattern follows, the price might move up. BTC Price At the time of writing, Bitcoin&#8217;s price is around $38k, up 2% in the last 7 days. Over the past month, the coin has accumulated 8% in gains. Here is a chart showing the trend in the value of the cryptocurrency over the last 6 months: BTC seems to be once again moving downwards | Source: BTCUSD on TradingView After a relieving period of sharp uptrend where Bitcoin reached $42k, the coin is once again falling down. As the S2F deflection trend line shows, it&#8217;s possible the price might shoot back up. However, that&#8217;s only given the pattern indeed holds. Related Reading | \u201cThe Death Of China&#8217;s Bitcoin Mining Industry,&#8221; 7 Takeaways From The Article Also, something to note here is that even if the pattern holds, the price might not immediately go up. As the S2F deflection chart shows, BTC touched the trend line twice in 2017 before shooting back up.<\/p>\n","protected":false},"author":542,"featured_media":467092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,65663,41424],"class_list":["post-468598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-s2f","tag-stock-to-flow"],"acf":[],"yoast_head":"\n<title>Trend Line Touch Could Send Bitcoin On A Tear<\/title>\n<meta name=\"description\" content=\"Popular Bitcoin model Stock-to-Flow (S2F) shows BTC has touched a trend line that has historically sent the crypto flying. 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For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Trend Line Touch Could Send Bitcoin On A Tear","url":"http:\/\/wncen.com\/news\/trend-line-touch-send-bitcoin-on-tear\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/trend-line-touch-send-bitcoin-on-tear\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/pexels-pixabay-1442341.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/pexels-pixabay-1442341.jpg?fit=2464%2C1632"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","s2f","stock to flow"],"dateCreated":"2021-08-03T19:00:27Z","datePublished":"2021-08-03T19:00:27Z","dateModified":"2024-06-11T10:43:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Trend Line Touch Could Send Bitcoin On A Tear\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/trend-line-touch-send-bitcoin-on-tear\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/trend-line-touch-send-bitcoin-on-tear\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/pexels-pixabay-1442341.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/pexels-pixabay-1442341.jpg?fit=2464%2C1632\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"s2f\",\"stock to flow\"],\"dateCreated\":\"2021-08-03T19:00:27Z\",\"datePublished\":\"2021-08-03T19:00:27Z\",\"dateModified\":\"2024-06-11T10:43:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/pexels-pixabay-1442341.jpg?fit=2464%2C1632","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/468598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=468598"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/468598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/467092"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=468598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=468598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=468598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}