On-chain analyst Willy Woo believes that Bitcoin's potential bottom may be between $46,000 and $54,000. He referenced the CVDD bottom model around $45,500 and historical bear market patterns. Given that Bitcoin's price has fallen from over $90,000 at the end of 2025 to around $66,500, and key indicators show that capital storage has been continuously declining since November last year, Woo warns that models based solely on the past four declines may not predict larger market crashes. Prediction markets like Polymarket currently estimate a 54% probability that Bitcoin will drop to $45,000 before the end of the year, reflecting complex market sentiment.