The new Bitcoin price model suggests that BTC will not fall below $39,000 again

Bitcoin (Bitcoin) It must cost at least $39,000, a new tool that combines the two most powerful indicators.

in a tweet On Thursday, analyst William Clement showed the illiquid supply base map-his findings are firmly optimistic about BTC.

Bitcoin’s price bottom line keeps rising

Have foreign exchange reserves Reduce It is expected that in the next few weeks there will be announcements of large companies buying, and analysts are almost guaranteeing that the price of BTC will rise.

As Cointelegraph Report, Long-term holders now have more supply than at any time since October 2020.

Now, illiquid supply data has been combined with the popular and highly accurate stock-to-flow Bitcoin price model to form a new BTC/USD minimum price.

As Clement described it, it is “a bottom line based on the real-time scarcity of Bitcoin.”

The screenshot of the new chart shows that as of this week, the lower limit for BTC/USD is $39,000-this level Neatly arranged The current technical prediction is where the currency pair should rebound in the event of a reversal.

Bitcoin illiquid supply floor chart.Source: William Clement/Twitter

Bloomberg expects “significant progress” in 2021

At the same time, the stock liquidity has long required a stronger performance of the Bitcoin spot price, and its creator PlanB continued insist The year-end closing price is the “worst case” of $135,000.

related: With Evergrande forming a “Lehman Brothers Moment” for China, BTC holds USD 48,000

He is not alone.In its latest Research, Bloomberg Intelligence believes again that BTC/USD will achieve USD 100,000 in 2021.

“We believe that the past Bitcoin trading trends and the decline in the supply of cryptocurrency compared with mainstream adoption indicate significant progress in 2021, possibly reaching US$100,000,” Chief Analyst Mike McGlone said in a Twitter comment. The comments echoed.

Bitcoin supply data and BTC/USD chart.Source: Mike McGlong/Twitter

McGron said that there are currently no less than five charts pointing to the magical six-digit number-one year after Bitcoin first reached the five-digit price tag, Never lost it.