{"id":340091,"date":"2021-09-16T16:25:00","date_gmt":"2021-09-16T13:25:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-bitcoin-price-model-suggests-btc-wont-go-below-39k-again\/"},"modified":"2021-09-16T16:25:00","modified_gmt":"2021-09-16T13:25:00","slug":"new-bitcoin-price-model-suggests-btc-wont-go-below-39k-again","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-bitcoin-price-model-suggests-btc-wont-go-below-39k-again\/","title":{"rendered":"# New Bitcoin price model suggests BTC won&#8217;t go below $39K again"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ab707075cd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ab707075cd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-bitcoin-price-model-suggests-btc-wont-go-below-39k-again\/#Bitcoins_price_floor_rises_and_rises\" >Bitcoin&#8217;s price floor rises and rises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/new-bitcoin-price-model-suggests-btc-wont-go-below-39k-again\/#Bloomberg_eyes_%E2%80%9Csignificant_advance%E2%80%9D_in_2021\" >Bloomberg eyes &#8220;significant advance&#8221; in 2021<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># New Bitcoin price model suggests BTC won&#8217;t go below $39K again <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1438303621360365578\/\">tweet<\/a> on Sept. 16, analyst William Clemente presented the illiquid supply floor chart \u2014 and its findings are firmly bullish for BTC.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoins_price_floor_rises_and_rises\"><\/span>Bitcoin&#8217;s price floor rises and rises<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With exchange reserves dwindling and major corporate buy-ins expected to be announced in the coming weeks, analysts are all but guaranteeing BTC price upside.<\/p>\n<p>As Cointelegraph reported, long-term holders are now in possession of more of the supply than at any time since October 2020.<\/p>\n<p>Now, illiquid supply data has combined with the popular and highly accurate stock-to-flow Bitcoin price model to form a new minimum price for BTC\/USD.<\/p>\n<p>As Clemente describes, it is \u201ca price floor based on Bitcoin&#8217;s real-time scarcity.\u201d<\/p>\n<p>A screenshot of the new chart shows a lower boundary for BTC\/USD as being $39,000 as of this week \u2014 a level which neatly lines up with current technical predictions of where the pair should bounce in the event of a reversal.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/d0c8c8f9-0e13-45c7-ba0f-f4608e4e7735.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin illiquid supply floor chart. Source: William Clemente\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Bloomberg_eyes_%E2%80%9Csignificant_advance%E2%80%9D_in_2021\"><\/span>Bloomberg eyes &#8220;significant advance&#8221; in 2021<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stock-to-flow, meanwhile, has long demanded stronger performance from Bitcoin spot price, and its creator, PlanB, continues to stick by a $135,000 \u201cworst case scenario\u201d end-of-year close.<\/p>\n<p><strong><em>Related:\u00a0BTC holds $48K as Evergrande forms \u2018Lehman Brothers moment\u2019 for China<\/em><\/strong><\/p>\n<p>He\u2019s not alone. In its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1438463362447384581\">latest research<\/a>, Bloomberg Intelligence gave renewed credence to $100,000 coming true for BTC\/USD in 2021.<\/p>\n<p>\u201cPast Bitcoin trading trends and the crypto&#8217;s declining supply vs. mainstream adoption suggest a significant advance in 2021, potentially to $100,000, we believe,\u201d chief analyst Mike McGlone said as part of Twitter comments which echo Clemente.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/68b62414-6e17-483a-a309-1d6a62f7a577.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin supply data vs. BTC\/USD chart. Source: Mike McGlone\/ Twitter<\/em><\/figcaption><\/figure>\n<p>McGlone said that no fewer than five charts currently point to the magic six figures \u2014 one year after Bitcoin first hit a five-figure price tag and never lost it.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-bitcoin-price-model-suggests-btc-won-t-go-below-39k-again\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# New Bitcoin price model suggests BTC won&#8217;t go below $39K again &#8221; Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Sept. 16, analyst William Clemente presented the illiquid supply floor chart \u2014 and its findings are firmly bullish for BTC&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":340092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvZDNmYjkzNzUtMzJlYy00ZTM2LWEwZWEtODQ3NmFkNGYzMWUwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,68637],"class_list":["post-340091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/340091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=340091"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/340091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/340092"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=340091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=340091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=340091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}