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‘Conservative’ BTC supply shock metric now says Bitcoin should cost at least $55K

Published 09/05/2021, 12:19 PM
Updated 09/06/2021, 02:20 PM
‘Conservative’ BTC supply shock metric now says Bitcoin should cost at least $55K
BTC/USD
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BTC/USD
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Bitcoin (BTC) should cost at least $55,000 per coin according to one metric measuring its so-called “supply shock.”

In a tweet on Sunday, analyst Willy Woo highlighted what he added is a “conservative” price estimate for BTC/USD.

Bitcoin supply shock valuation model. Source: Willy Woo/Twitter
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

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