Based on the information, posted at Cryptopotate media, Bitcoin did not manage to overpass the level of 12K USD this week-end but the stock-to-flow (S2F) is still on red level as per August.
The stock-to-flow (S2F) model is the offshoot of crypto assessment done by the twitter handle ‘PlanB.’ It has been first published in March 2019. The first issue had been describing the correspondence between the production of supply and the current stock available, having paid attention to BTC value in frames of scarcity.
The model has showed Bitcoin’s price very accurately taking into account three halving stages of BTC . In 2012 and 2016, BTC price fluctuated in something before getting a large bull market during next. The 2020 has brought the same situation with the price predictions for 2021. The predictions suppose 55 000 per BTC
The third red line appeared and it overcomes the current price amounting to $11,850. The experts mark December 2017 prices as the next step to overpass.
3rd red dot ($11850 for the moment) above 2d red dot (BTC price in July has been closed at the level of $11356) and 1st red dot (BTC price in June has been closed at the level of $9132). Next target is the Dec 2017 price, which is close to $14K.
Taking into account the aforementioned situation industry experts consider overcoming the level of 12K as next important step.