It sure worked perfectly during Bitcoin's (BTCUSD) first Cycles, but the Stock-to-Flow model has greatly diverged from the current price action since March 2024.
Right now the model sits at around $750000, which is vastly above the current market price of $119000. It's been trading sideways actually since June 2024 and all of the times that it was ranging, Bitcoin eventually caught up and closed the gap.
It has always been a 'story' of divergence and convergence but it sure seems unrealistic to catch up this time, especially during if this Cycle continues to follow the 4-year model.
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