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New Bitcoin price model suggests BTC won’t go below $39K again By Cointelegraph

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New Bitcoin price model suggests BTC won’t go below $39K again

(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.

Floor chart of Bitcoin’s illiquid supply. Source: William Clemente/Twitter
Bitcoin supply data vs. chart. Source: Mike McGlone/Twitter