Axel Adler Jr, an analyst at CryptoQuant, stated that Bitcoin has currently entered the lower range of the 'Adjusted Realized Price Bands' model. He analyzed, "This zone could be where a market bottom begins to form, but it's not a process that will end in the short term. The process of solidifying the bottom typically takes about six months. A true reversal to a bull market is impossible with mere psychological factors or temporary rebounds. We must wait for actual demand to flow in over the long term."
