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Willy Woo: The on-chain Bitcoin model predicts the bottom range to be between $46,000 and $54,000.
According to Mars Finance, on-chain analyst Willy Woo pointed out that traditional on-chain models indicate that Bitcoin’s current bottom range is expected to be between $46,000 and $54,000. Data shows that Bitcoin’s stored funds have been consistently flowing out since last year, while the cumulative value days destroyed (CVDD) bottom model currently reads $45,500, which has the characteristic of continuously increasing in value over time.