On November 21, 2023, the popular onchain analyst Willy Woo presented a detailed chart showcasing the cost basis density map of bitcoin. This analysis delves into BTC’s pricing history and transactional data, pinpointing critical areas of price stabilization and potential zones of support. In discussing the chart, Woo remarked that if the current pattern continues as it has, “we’ll probably never see BTC going below $30k again.”
Willy Woo Examines Bitcoin’s Price and Onchain Data for Key Consolidation and Support Zones
On Tuesday, November 21, marking a full month since October 22, bitcoin (BTC) has consistently stayed above the $30K threshold. Concurrently, onchain analyst Willy Woo informed his 1 million followers on social media platform X that if historical trends persist, BTC stands a solid chance of maintaining its position above the $30K mark without dipping below. While sharing a cost basis density map of bitcoin, Woo said:
We’ll probably never see [bitcoin] going b
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