OG Bitcoin On-Chain Models Could Hint At $46,000-$54,000 Floor: Analyst
Analyst Willy Woo has highlighted how some old-school Bitcoin on-chain models could suggest a bottoming zone for the asset in the current cycle. Bitcoin Bottomed Between Realized Price & CVDD In Past Bear Markets In a new post on X, analyst Willy Woo has talked about where the Bitcoin bottom could lie according to two on-chain models. The models in question are the Realized Price and CVDD. Related Reading: KPMG, PwC Involved In Tether’s First-Ever Audit: Report First, the “Realized Price” keeps track of the cost basis or acquisition value of the average token part of the cryptocurrency’s circulating supply
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