As Bitcoin price valuation inches closer to the $65,000 mark, the asset has grabbed the attention of market analysts, with one recently highlighting a key indicator that now suggests a potential further recovery in BTC’s price. Particularly, according to a recent post on the CryptoQuant Quicktake platform by an analyst under the pseudonym ‘Darkfost,’ the Bitcoin Stock-to-Flow (S2F) reversion chart is now showing a major buy signal for Bitcoin. Related Reading: Will Bitcoin Break Through $70k? Short-Term Holders’ Buy Price Holds The Key S2F Signal Prime Buy Opportunity The S2F model is widely used to forecast Bitcoin’s price by measuring its scarcity. It indicates whether the market is leaning towards a buy or sell zone based on its supply rate. Darkfost explained that the S2F reversion chart is now signalling a potential buying opportunity, with the SF ratio dipping below 1, which represents a green zone. This zone suggests that Bitcoin may be undervalued compared to its historical trend, making it a potential time to accumulate BTC. The analyst elaborated that the last t ..
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