Биткойн (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics.

In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC.

Bitcoin’s price floor rises and rises

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.

Как сообщает Cointelegraph, long-term holders are now in possession of more of the supply than at any time since October 2020.

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

As Clemente described, it is “a price floor based on Bitcoin’s real-time scarcity.”

A screenshot of the new chart shows a lower boundary for BTC/USD as being $39,000 as of this week — a level that neatly lines up with current technical predictions of where the pair should bounce in the event of a reversal.

Bitcoin illiquid supply floor chart. Источник: William Clemente/Twitter

Bloomberg eyes “significant advance” in 2021

Stock-to-flow, тем временем, has long demanded stronger performance from Bitcoin spot price, and its creator, План б, continues to stick by a $135,000 “worst case scenario” end-of-year close.

Связанный: BTC holds $48K as Evergrande forms ‘Lehman Brothers moment’ for China

He’s not alone. In its latest research, Bloomberg Intelligence gave renewed credence to $100,000 coming true for BTC/USD in 2021.

“Past Bitcoin trading trends and the crypto’s declining supply vs. mainstream adoption suggest a significant advance in 2021, potentially to $100,000, мы верим,” chief analyst Mike McGlone said as part of Twitter comments that echo Clemente’s.

Bitcoin supply data vs. График BTC / USD. Источник: Mike McGlone/Twitter

McGlone said that no fewer than five charts currently point to the magic six figures — one year after Bitcoin first hit a five-figure price tag and never lost it.