Willy Woo: Bitcoin is attempting to form a bottom, with a breakout probability of around 30%

According to crypto analyst Willy Woo in a post on X, Bitcoin is currently attempting to form a bottom, with the key being whether it can break above the short-term investor cost line at around $79,000. He estimates the probability of success to be about 30%. If Bitcoin can hold above $65,000 without falling below again, it will increase the likelihood of confirming a structural bottom; however, bottom signals are still incomplete, and the price performance over the next 3 to 6 weeks will be crucial.