Willy Woo, an on-chain analyst, says traditional on-chain models indicate Bitcoin’s bottom may lie between $46,000 and $54,000. The CVDD bottom model he cited currently values Bitcoin at about $45,500, roughly aligning with the same range.
Woo notes that these models rest on data from only four past bear markets, all within a longer cycle of global risk-asset bulls. If the macroeconomic backdrop falters, the market could enter an unusually deep bear phase. He has also argued that the four-year Bitcoin cycle remains valid and that long-term capital inflows have not yet broken historical patterns.
While the signals hinge on macro conditions, the close alignment across models could inform risk management for longer-term investors. Market participants should monitor global macro developments and shifts in risk appetite, as these could reshape Bitcoin’s downside and upside dynamics.
Leave a Reply