Forget The Noise, Buy BTC And Hold For The Long Haul
“Like clockwork” the model continues to work lbeit for one difference visually between this cycle and the last. Bitcoin is currently above the median on the stock-to-flow model, suggesting it is currently overvalued compared to the last cycle.
All instances where price action deviated above the median – dating back to 2011 and most recently with the 2019 peak – have resulted in a steep correction back below it.
2021 could mean one of two things: The current cycle is far more bullish than 2017 and is approaching the final wave of the current uptrend before correcting, or, a correction is coming sooner than later before the uptrend resumes to $100,000 per coin and more.
In the end, does it really matter the price per coin currently, or when the cryptocurrency corrects? With Bitcoin tracing along the stock flow “like clockwork” again and again, and only deviating above it, not below it, buying at any time and holding it long enough will yield results regardless.