Bitcoin CVDD at $46,200 Flags Potential Bottom Zones as BTC Trades Near $60,000

Bitcoin started June under pressure, sitting about 50% below its all-time high after a 16% weekly drop that pushed price back near $60,000 for the first time since February. An on-chain analyst highlighted CVDD-based ranges that have historically aligned with cycle lows, placing a higher bottom zone at $46,000–$54,000 and a deeper scenario at $35,000–$40,000. At the time of writing, BTC was quoted at $60,537, down 4.7% over 24 hours, while daily volume was $1.21 trillion.