Analyst Willy Woo projects Bitcoin bottom between $46k and $54k
Willy Woo flags $54.2k–$45.5k zone for BTC bottom
Analyst Willy Woo sees a potential bottom zone for Bitcoin between $54.2k and $45.5k. He bases it on two on-chain models.
He points to the Realized Price and CVDD. Woo shared the setup in a post on X.
Realized Price tracks average cost basis. When price is above it, holders sit in profit. Below it, losses dominate. Quick explainer here.
The Realized Price has slipped since November. It now sits near $54,200. BTC hasn’t retested it this phase. Chart and level from Woo’s post.
Past cycles bottomed below Realized Price. CVDD acted as the lower bound. CVDD comes from Coin Days Destroyed. Background on CDD here. Prior cycle context here.
CVDD stands at $45,500 now. That’s the lower edge of Woo’s zone. Source is Woo’s X post.
“Models use past behaviour… there’s only been 4 prior bear markets and they have been inside a secular bull market in risk equities. If that foundation collapses, we will be in uncharted territory (deeper bear).”
BTC trades near $67,200 after a failed bounce. Price chart via TradingView snapshot.
