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One platform for global traditional assets
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【Axel Adler Jr: Bitcoin Needs to Drop to $59k to Potentially Bottom Out】
According to CryptoQuant analyst Axel Adler Jr, the adjusted price range model shows that Bitcoin needs to fall to the critical zone of $59k to potentially initiate a mid- to long-term bottoming process, which is expected to take about 6 months to complete. He pointed out that the core of market stabilization lies in the return of long-term genuine demand, rather than emotional recovery or localized rebounds.