Popular crypto analyst Willy Woo recently tweeted that an older Bitcoin on-chain model, CVDD (Cumulative Value Days Destroyed), suggests the cryptocurrency is likely to bottom between $46k and $54k. Woo previously dismissed recent price recoveries above $70k as a bull trap and has predicted that the digital currency is likely to test the $60k support level in […]
from ZyCrypto https://zycrypto.com/bitcoin-to-bottom-at-46000-old-school-on-chain-model-shows/
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