One of the most widely used charts for predicting massive future bitcoin (BTC, -1.01%) price gains is showing the largest divergence since January 2019.
The bitcoin stock-to-flow model currently suggests that the price of bitcoin should be around $77,900. But as of Monday, the cryptocurrency was trading at $33,668, well off the all-time high price of $64,829 reached in April.
Crypto analyst ‘PlanB’, who has been documenting his stock-to-flow model since March 2019, tweeted that BTC/USD is now the furthest away from the estimated value in more than two years.
