Bitcoin Model Signals More Downside Toward $74K

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New model flags $87K and $74K as key BTC downside targets, both now within reach based on on-chain activity.

Bitcoin (BTC) fell below $94,000 on Friday, reaching its lowest point since early May and erasing over $1 trillion from the total crypto market valuation since October.

This sharp drop has now led investors to question the depth of the current downturn, with a new analytical model suggesting a potential bear market floor of $74,000.

Market Under Pressure
Market technician Axel Adler Jr. said earlier today that his valuation model identifies two major downside markers: $87,000 and $74,000. He described these levels as the most important zones to watch during this phase, arguing that on-chain activity now places both thresholds firmly within reach.


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