Axel Adler Jr: Bitcoin needs to fall to 59000 before bottoming out
--
According to CryptoQuant analyst Axel Adler Jr's post on the X platform, based on the adjusted price range model, Bitcoin needs to fall to the key range of $59000 before it can start a medium - to long-term bottom, which is expected to take about 6 months to complete. He emphasized that the core of market stabilization lies in the return of long-term real demand, rather than emotional repair or partial rebound.