Bitcoin's recent dip to $60,000 has been identified as a new accumulation zone, according to CryptoQuant analyst Axel Adler Jr. The adjusted sell-side risk ratio (SSRR) entered the red zone at this level, indicating a higher supply of losing positions compared to winning ones, which historically aligns with bottom formation periods. The CVDD valuation model suggests a structural bottom around $48,300, a level rarely breached in Bitcoin's history.
Currently, Bitcoin has rebounded to $66,000, with the smoothed SSRR beginning to rise. Analysts view $60,000 as a behavioral resistance zone and $48,000 as a structural risk boundary. A sustained recovery would be confirmed if the smoothed SSRR exits the red zone and Bitcoin stabilizes above $60,000. However, risks remain if a new red signal emerges at a lower level, potentially testing the $48,000 support. The market is gradually transitioning into an accumulation phase.
Bitcoin's $60,000 Level Seen as New Accumulation Zone, Analysts Say
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