Bitcoin Falls Below $94,000 as Analyst Framework Sets $74,000 Floor Target

Bitcoin dropped below $94,000 on Friday, reaching its lowest level since early May. Market technician Axel Adler Jr. presented a valuation framework identifying $87,000 and $74,000 as critical downside zones, both now considered achievable based on current on-chain metrics. The decline has erased over $1 trillion from total cryptocurrency market capitalization since October.