Willy Woo: The next critical testing level for BTC is $79k, and the structure bottom will be determined in the next 3 to 6 weeks.

Golden Finance reports that crypto analyst Willy Woo posted on X platform stating that Bitcoin is currently attempting to establish a bottom. The next key test is whether it can effectively break through the short-term investor cost basis of approximately $79k. He believes the probability of successfully breaking through this attempt is about 30%. Willy Woo supports that if Bitcoin can stabilize above $65k and not fall below it in the future, it will significantly increase the market’s confidence in the formation of a structural bottom. However, current bottom signals are still not fully present, and the price performance over the next 3 to 6 weeks will be a critical window for judging the medium- and long-term trend.