Key Takeaways:
Willy Woo identifies bitcoin’s cost basis near $79K as a key test. BTC structure strengthens if $65K support holds after a breakout attempt. Woo said current levels would need months of sideways action before a bottom can form. Bitcoin’s $79K Test Puts Bottom Confirmation in Focus Bitcoin Structure Still Forming Despite Improving Market SignalsHis April 5 framework adds the missing layer for bottom watchers. Woo said bear-market endings usually involve three steps: price breaks above the cost basis of recent investors, passive hope turns into aggressive buying, and that demand pushes the cost-basis trend higher. He later warned it is “not a bottom yet,” adding that current levels would need many months of sideways action to build a structural floor. That keeps patience central to the analysis, even if bulls are starting to get stronger evidence.
