Bitcoin is nearing a key price test that could confirm a bottom or expose this move as another failed attempt. The outcome will shape whether improving market conditions translate into a sustained recovery or stall again. Bitcoin is approaching a level that could confirm a bottom or expose the move as another failed attempt. On April 27, on-chain analyst Willy Woo said BTC must clear a key cost-basis threshold near $79,000. For traders waiting on confirmation, that level now sits at the center of the market’s next test.