According to Foresight News , analyst Willy Woo tweeted, "Traditional on-chain models suggest that Bitcoin's current bottom range is between $46,000 and $54,000. Bitcoin storage has been flowing out since last November, while the Cumulative Value Coin Daily Burn (CVDD) bottom model currently reads $45,500, a model that shows a tendency for the value to rise over time."
Willy Woo: On-chain model predicts Bitcoin's bottom will be between $46,000 and $54,000.
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