Bitcoin (BTC) must price at to the lowest degree $39,000, says a new tool combining ii of its most powerful metrics.

In a tweet on Th, annotator William Clemente presented the illiquid supply flooring chart — and its findings are firmly bullish for BTC.

Bitcoin'due south price floor rises and rises

With commutation reserves dwindling and major corporate buy-ins expected to be announced in the coming weeks, analysts are all only guaranteeing BTC price upside.

As Cointelegraph reported, long-term holders are at present in possession of more of the supply than at whatsoever time since Oct 2022.

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

Equally Clemente described, it is "a price floor based on Bitcoin'due south real-time scarcity."

A screenshot of the new chart shows a lower boundary for BTC/USD equally 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 issue of a reversal.

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

Bloomberg optics "meaning accelerate" in 2022

Stock-to-menstruum, meanwhile, has long demanded stronger performance from Bitcoin spot price, and its creator, PlanB, continues to stick past a $135,000 "worst case scenario" end-of-year shut.

Related: BTC holds $48K equally Evergrande forms 'Lehman Brothers moment' for Cathay

He's not lone. In its latest research, Bloomberg Intelligence gave renewed acceptance to $100,000 coming truthful for BTC/USD in 2022.

"Past Bitcoin trading trends and the crypto's declining supply vs. mainstream adoption suggest a meaning advance in 2022, potentially to $100,000, we believe," main annotator Mike McGlone said as part of Twitter comments that echo Clemente's.

Bitcoin supply data vs. BTC/USD chart. Source: Mike McGlone/Twitter

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