Willy Woo predicts BTC bottom between $46K and $54K

On-chain analyst Willy Woo stated on X that Bitcoin's bottom price could potentially form in the $46,000 to $54,000 range. He noted that this prediction is based on traditional on-chain models. According to Woo, an indicator representing capital flow into BTC has shown continuous outflows since November of last year. He also pointed out that the Cumulative Value Days Destroyed (CVDD) bottom model, which features a rising baseline over time, currently indicates a value of approximately $45,500.