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Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price

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 “Illiquid Supply Floor” indicates that bitcoin prices may never drop below $39K again.

Plan B’s Bitcoin Price Survey Sees 100K Votes

Plan B is a pseudo-anonymous Twitter account (@100trillionusd) and the creator of the bitcoin price model called stock-to-flow (S2F). Plan B has stated in previous tweets that September bitcoin (BTC) prices may be lackluster, and this week he said “let’s skip September and go straight to October.”

He said this because in a tweet he wrote on June 20, Plan B expects bitcoin prices to follow this path: “Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K.” So far, Plan B’s August bitcoin price prediction and even so far in September, has been on point.

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price

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 the following question on Twitter:

Do you think bitcoin will reach $500K, $288K (S2FX model), $100K (S2F model), or will BTC stay below $100K… by Christmas 2021?

123,410 votes were cast in Plan B’s survey on Twitter and 45.7% believe it will reach $100K. Approximately 32.7% of those who voted think BTC 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’s end.

Will Clemente’s Model Suggest Bitcoin’s Price Floor Is $39K

In addition to Plan B’s recent survey, the lead insights analyst at Blockware Solutions, Will Clemente, tweeted about a price model called the “Illiquid Supply Floor.”

“Introducing: Illiquid Supply Floor,” Clemente tweeted on September 15. “This model combines Glassnode’s illiquid supply data and Plan B’s S2F model to create a price floor that is based on Bitcoin’s actual scarcity. Currently $39K,” Clemente added. He also thanked Matt Faltyn for helping him bring the model “to life.”

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price
Chart shared on Twitter by the lead insights analyst at Blockware Solutions, Will Clemente.

Crypto entrepreneur Anthony “Pomp” Pompliano congratulated Clemente on his chart and said: “This is a banger. In response to Clemente’s chart, other people called the model “hopium”.

Combining old and new garbage. Still garbage at the end of the day,” a critic tweeted. “Also why is bitcoin not putting in a new ATH within 6 months?” If it’s so rare, why has it been ranging between $30-50k for this long?”

What do you think about Plan B’s survey with 123K votes and the recent “Illiquid Supply Floor” model tweeted by Will Clemente? We’d love to hear your thoughts on this topic in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Will Clemente, Twitter, Plan B Survey,

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to purchase or sell any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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