With a new Death Cross looming large, #BTC already finds itself below the Stock to Flow line
In that respect, $BTC in its current period (i.e. 6) is similar to periods 1, 4, and 5
In these periods, a Death Cross occurred when BTC was already below the Stock to Flow line
13.
And whenever #BTC is below the S2F line, BTC tends to form a bottom
Whether that's via a V-Shaped reversal...
Or an entire sideways accumulation range
With $BTC currently below the S2F line, this means that BTC is reaching levels where it is considered undervalued
14.
The #BTC Death Cross won't invalidate the S2F model
But the DC could signal extra downside that $BTC needs to do to reach the point of max. financial opportunity
According to the S2F model, BTC is already undervalued
Question is - where is peak opportunity (i.e. bottom)?
15.
Once #BTC finishes its correction to reach its point of max financial opportunity...
#Bitcoin could form a V-Shaped reversal or an accumulation range yet again to begin a new macro uptrend that will bring BTC above the S2F line where BTC will finally peak in its Bull Market
16.
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