Spot demand recovery essential for Bitcoin bull reversal, says analyst

Bitcoin has entered the lower range of the Adjusted Realized Price Bands model, according to CryptoQuant analyst Axel Adler Jr. He stated that while this zone could be where a market bottom begins to form, the process is not a short-term one. Adler Jr. analyzed that the bottoming-out process typically takes about six months. He added that a genuine bull market reversal is not possible through simple psychological factors or temporary bounces, and that the market must wait for an inflow of actual long-term demand.