Analyst says Bitcoin unlikely to hit $40,000, bottom forming soon
Sykodelic says the Bitcoin bleed is almost over. Willy Woo’s models see a $46k–$54k floor.
In an X post, Sykodelic rejects a drop to $40k. He says $40k callers will be sidelined, like $12k callers in 2022.
He notes BTC trades in its largest supply pocket in 5+ years, just under the higher‑time‑frame bullish structure source. He contrasts this with 2022, when HTF structure broke and demand was absent below source.
His path now: a deviation under ~$60k, a reclaim, then a push above $74,400 to confirm an expanded flat source. He adds a sub‑$60k sweep could be tied to the U.S.–Iran war and could happen within two weeks source.
He also cites broad accumulation and greater strength. He expects the downtrend to end faster than most anticipate source.
Willy Woo offers a lower floor. In an X post, he says old‑school on‑chain models place the bottom at $46k–$54k. He notes capital has left since November and the CVDD Floor Model sits at $45,500 source.
Woo cautions these models rely on four prior bear markets within a secular risk‑on backdrop. A foundation break could mean a deeper bear market for BTC and crypto source.
