{"id":12221,"date":"2021-09-17T03:54:09","date_gmt":"2021-09-17T03:54:09","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/model-suggests-btc-price-floor-is-39k-survey-shows-hope-for-year-end-100k-bitcoin-price\/"},"modified":"2021-09-17T03:54:09","modified_gmt":"2021-09-17T03:54:09","slug":"model-suggests-btc-price-floor-is-39k-survey-shows-hope-for-year-end-100k-bitcoin-price","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/model-suggests-btc-price-floor-is-39k-survey-shows-hope-for-year-end-100k-bitcoin-price\/","title":{"rendered":"Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price"},"content":{"rendered":"

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K by Christmas 2021. Furthermore, a price model crafted by Will Clemente called \u201cIlliquid Supply Floor\u201d indicates that bitcoin prices may never drop below $39K again.<\/strong><\/p>\n

Plan B\u2019s Bitcoin Price Survey Sees 100K Votes<\/h2>\n

Plan B is a pseudo-anonymous Twitter account (@100trillionusd<\/a>) and the creator of the bitcoin price model called stock-to-flow (S2F). Plan B has stated in previous tweets that September bitcoin (BTC<\/a>) prices may be lackluster, and this week he said<\/a> \u201clet\u2019s skip September and go straight to October.\u201d<\/p>\n

He said this because in a tweet he wrote on June 20, Plan B expects bitcoin prices to follow this path: \u201cAug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.\u201d So far, Plan B\u2019s August bitcoin price prediction and even so far in September, has been on point.<\/p>\n<\/p>\n

On September 11, 2021, Plan B decided to do a Twitter survey as he has done on various occasions in the past. Plan B has 799.1K Twitter followers so his survey gets around on the social media platform. The survey he shared last Saturday asked<\/a> the following question on Twitter:<\/p>\n

Do you think bitcoin will reach $500K, $288K (S2FX model), $100K (S2F model), or will BTC<\/a> stay below $100K\u2026 by Christmas 2021?<\/p>\n

123,410 votes were cast in Plan B\u2019s survey on Twitter and 45.7% believe it will reach $100K. Approximately 32.7% of those who voted think BTC<\/a> will stay below $100K by Christmas 2021. 15.3% of the crowd suggest that they think $288K is possible and 6.3% believe that $500K per bitcoin could happen by the year\u2019s end.<\/p>\n

<\/p>\n

Will Clemente\u2019s Model Suggest Bitcoin\u2019s Price Floor Is $39K<\/h2>\n

In addition to Plan B\u2019s recent survey, the lead insights analyst at Blockware Solutions, Will Clemente, tweeted about a price model called the \u201cIlliquid Supply Floor.\u201d<\/p>\n

\u201cIntroducing: Illiquid Supply Floor,\u201d Clemente tweeted<\/a> on September 15. \u201cThis combines Glassnode\u2019s illiquid supply data with Plan B\u2019s traditional S2F model, creating a price floor based on Bitcoin\u2019s real-time scarcity. Currently $39K,\u201d Clemente added. He also thanked Matt Faltyn for helping him bring the model \u201cto life.\u201d<\/p>\n

Chart shared on Twitter by the lead insights analyst at Blockware Solutions, Will Clemente.<\/p>\n

Crypto entrepreneur Anthony \u201cPomp\u201d Pompliano congratulated<\/a> Clemente on his chart and said: \u201cThis is a banger. Nice work.\u201d Meanwhile, others were not so nice and called the model \u201chopium\u201d in response to Clemente\u2019s chart.<\/p>\n

\u201cCombining old garbage with new garbage. Still garbage at the end of the day,\u201d a critic tweeted<\/a>. \u201cAlso, if bitcoin is so \u2018scarce\u2019 and due for a \u2018supply shock\u2019 then why has it not put in a new ATH in nearly 6 months? If it\u2019s so rare, why has it been ranging between $30-50k for this long?\u201d<\/p>\n

What do you think about Plan B\u2019s survey with 123K votes and the recent \u201cIlliquid Supply Floor\u201d model tweeted by Will Clemente? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, $100K, $288k, $500k, Bitcoin (BTC), Bitcoin markets, Bitcoin Price, bitcoin price model, Blockware Solutions, BTC Markets, BTC Price, BTC Price Floor, BTC price model, Illiquid Supply Floor, Plan B, Plan B Survey, Price Floor, Price Model, S2F, stock-to-flow, stock-to-flow (S2F), Under $100K, Will Clemente<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K…<\/p>\n","protected":false},"author":0,"featured_media":12222,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12221"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12221"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12222"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}