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Analysis: Bitcoin has entered a bottoming range; a bullish reversal requires waiting for spot demand to flow back in.
BlockBeats News, May 2nd, CryptoQuant analyst Axel Adler Jr stated that Bitcoin has now entered the lower boundary of the Adjusted Realized Price Bands model, which may be the range where the market bottom begins to form, but it is not something that can be completed in the short term. Analysts estimate that it typically takes about 6 months to build a bottom. A true bull market reversal cannot be driven by emotions or partial rebounds, but only when the market re-establishes forward-looking value and genuine spot demand flows back in the long term.