CryptoQuant: Bitcoin’s Crucial Price Levels at $87K, $79K, and $74K

According to CryptoQuant analyst Axel Adler Jr., the current cryptocurrency market is teetering between bullish and bearish sentiments. The coming weeks will determine its trajectory based on maintaining three critical price points: $87,000 as ‘fair value,’ $79,000 representing ‘average U.S. ETF holding cost,’ and $74,000 denoting ‘lower limit of the short-term volatility range.’ While staying at these levels could indicate a temporary correction within a larger bull market, breaching any of them, especially $87,000 as ‘fair value’, could significantly increase market risks, potentially signaling a deeper price correction or even the onset of a bear market.