Bitcoin Bottoming Zone at $59,000 Requires 6 Months, CryptoQuant Analyst Says

According to CryptoQuant analyst Axel Adler Jr on May 2, Bitcoin's true medium to long-term bottom may only establish once the price reaches $59,000, based on the Adjusted Realized Price Bands model. The analyst noted that the bottoming process is not short-term and will not complete within one to two weeks, with a baseline scenario expecting approximately six months.

Adler Jr emphasized that while Bitcoin has recently rallied, the near-term rebound does not represent core market stabilization. True stabilization requires long-term genuine demand recovery, occurring when the market resumes pricing future value and spot buying pressure returns.