Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: RSRS on July 17, 2021, 07:07:01 AM
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Lex Moskovski, the Chief Investment Officer of Moskovski Capital, sees a “great buying opportunity” in Bitcoin. The entrepreneur posted a tweet to his account with an accompanying stock-to-flow deflection chart signaling that opportunities are ripe for investors.
In his tweet, Moskovski highlighted that Bitcoin has never dropped to the point where the stock-to-flow forecasts should be. Presently, the trading mark stands at 59%, which has historically never happened. Moskovski believes this negative stock-to-flow deflection makes Bitcoin a great investment instrument at the moment.
Negative Stock-To-Flow deflection is the highest it's ever been in the whole #Bitcoin history.
This is a great buying opportunity, if you're a believer in this model. pic.twitter.com/N3CFLLJdH9
— Lex Moskovski (@mskvsk) July 10, 2021
Lex Moskovski Has Predicted Several Incoming Trends for Bitcoin in Past
Moskovski has spent several years on social media discussing Bitcoin and other digital assets. More recently, he has offered valuable information to crypto enthusiasts that explained Bitcoin’s trajectory after the crash in May. When the flagship cryptocurrency slid below $40,000 for the first time since February, Moskovski turned his followers’ attention to charts indicating that most investors were selling the asset at a loss.
In an earlier tweet, the entrepreneur noted that 22,917 bitcoins were deposited in exchanges within an hour — a sign of potential selloffs.
Moskovski’s latest prediction leverages the stock-to-flow indicator, which has reliably helped traders understand Bitcoin’s exchange rate trends with remarkable precision while taking all the anomalies into account.
More information (https://cryptonews.net/en/news/bitcoin/1084415/)