Bitcoin May Bottom Near $50,000 Within Two Months: Trading Analysis

A trading analysis using the Coin Value Days Destroyed (CVDD) indicator suggests that Bitcoin could establish a major cycle bottom near $50,000 within the next two months.

The CVDD currently trends near $48,100, indicating that Bitcoin is approaching a significant undervalued zone. Historically, Bitcoin has spent months around this level before beginning a new bullish phase, often confirmed by a break above the 50-week moving average.

Meanwhile, Bitcoin's network activity is rising, with weekly active addresses up 20%, signaling growing user engagement as the price consolidates below $65,000.