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TechFlow reports that on March 30, on-chain analyst Willy Woo noted that traditional on-chain models indicate 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 November, while the Cumulative Value Days Destroyed (CVDD) bottom model currently reads $45,500—a model characterized by a steadily rising value over time.
On-chain analyst Willy Woo noted that traditional on-chain models indicate Bitcoin’s current bottom range is expected to be between $46,000 and $54,000. Data shows that Bitcoin’s stored funds have been continuously flowing out since last November, while the Cumulative Value Days Destroyed (CVDD) bottom model currently reads $45,500—a model characterized by a steadily rising value over time.
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