{"id":567632,"date":"2021-07-01T13:35:10","date_gmt":"2021-07-01T10:35:10","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567632"},"modified":"2021-07-01T13:35:10","modified_gmt":"2021-07-01T10:35:10","slug":"bitcoin-s2f-creator-the-next-6-months-will-make-or-break-the-model","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-s2f-creator-the-next-6-months-will-make-or-break-the-model\/","title":{"rendered":"Bitcoin S2F Creator: The Next 6 Months Will Make or Break the Model"},"content":{"rendered":"<ul>\n<li><strong>Bitcoin closed the month of June at a value of $35,037<\/strong><\/li>\n<li><strong>According to PlanB, the monthly close was at the lowest boundary of his Bitcoin S2F model<\/strong><\/li>\n<li><strong>Bitcoin had a similar close in January 2019 when it deviated by -61% from the model<\/strong><\/li>\n<li><strong>The next 6 months will be a make or break time period for the Bitcoin stock-to-flow model<\/strong><\/li>\n<li><strong>Bitcoin has dropped below $35k and is defending the $33k support zone<\/strong><\/li>\n<\/ul>\n<p>The creator of the Bitcoin Stock-to-Flow model, <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-looks-set-for-a-jump-towards-100k-btc-s2f-model-creator\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">@100trillionUSD<\/a>, also known as PlanB, has once again offered insights into the model&#8217;s possibility of <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoins-s2f-model-could-be-invalidated-if-btc-stays-in-the-30k-area\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">being invalidated<\/a> by BTC&#8217;s current price action.<\/p>\n<p>According to PlanB, Bitcoin&#8217;s monthly close for June at $35,037 was at the lowest boundary of the model as was the case in January 2019. Additionally, the next 6 months will determine whether the model remains valid.<\/p>\n<p>PlanB shared his insights into Bitcoin through <a href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1410530418495983617\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the following statement<\/a> and accompanying chart.<\/p>\n<blockquote><p>June closing price $35,037 .. as far below S2F model as in Jan 2019. Next 6 months will be make or break for S2F (again).<\/p><\/blockquote>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st.png\"><img class=\"aligncenter size-large wp-image-567633\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-1024x567.png\" alt=\"\" width=\"1024\" height=\"567\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-1024x567.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-300x166.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-770x426.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-1536x850.png 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-500x277.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-240x133.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-717x397.png 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st-1347x745.png 1347w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-S2F-July-1st.png 1722w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>Bitcoin Has Deviated by -61% from the Stock-to-Flow Model<\/h2>\n<p>When asked by how much <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Bitcoin<\/a> had deviated from his stock-to-flow model, PlanB responded that BTC has drifted away from the model by -61% as was the case in January 2019. His response has been highlighted in the screenshot below.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-deviation-S2F-July-1st.jpg\"><img class=\"aligncenter size-full wp-image-567634\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-deviation-S2F-July-1st.jpg\" alt=\"\" width=\"600\" height=\"403\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-deviation-S2F-July-1st.jpg 600w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-deviation-S2F-July-1st-300x202.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-deviation-S2F-July-1st-500x336.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTC-deviation-S2F-July-1st-240x161.jpg 240w\" sizes=\"(max-width: 600px) 100vw, 600px\" title=\"\"><\/a><\/p>\n<h2>Bitcoin Drops to the $33k Support Zone<\/h2>\n<p>At the time of writing, Bitcoin is trading at $33,100 and $2k lower than the monthly close of around $35k that was only hours ago. Bitcoin&#8217;s rejection at the latter price area also converges with the 50-day moving average (white) as seen in the following BTC\/USDT chart.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st.png\"><img class=\"aligncenter size-full wp-image-567635\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st.png\" alt=\"\" width=\"977\" height=\"585\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st.png 977w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st-300x180.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st-770x461.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st-500x299.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st-240x144.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/07\/BTCUSDT-July-1st-717x429.png 717w\" sizes=\"(max-width: 977px) 100vw, 977px\" title=\"\"><\/a><\/p>\n<p>From the chart, it can be observed that Bitcoin is still experiencing some side effects of <a href=\"https:\/\/en.ethereumworldnews.com\/the-use-of-t-a-could-make-bitcoins-death-cross-self-fulfilling\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">the death cross<\/a> that occurred in late June. The daily trade volume has also reduced tremendously and Bitcoin could be headed for a retest of $30k or lower in the days to follow.<\/p>\n<p>However, such a bearish scenario can be averted if the Bitcoin bulls can manage to push BTC&#8217;s price above the aforementioned 50-day moving average. Such a feat would provide a signal for other traders to start buying the digital asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin closed the month of June at a value of $35,037 According to PlanB, the monthly close was at the lowest boundary of his Bitcoin S2F model Bitcoin had a similar close in January 2019 when it deviated by -61% from the model The next 6 months will be a make or break time period for the Bitcoin stock-to-flow model Bitcoin has dropped below $35k and is defending the $33k support zone The creator of the Bitcoin Stock-to-Flow model, @100trillionUSD, [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":61004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[6962,1233,6961],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/567632"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=567632"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/567632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/61004"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=567632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=567632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=567632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}