Analyst: If Bitcoin cannot hold the current range, it will further decline to test the "realized price" level near $54k.

2026-04-07 12:05:29

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Mars Finance reports that crypto market analyst Axel posted a report on social media saying that the current pullback in Bitcoin is clearly smaller than during the 2017-18 (-64.3%) and 2021-22 periods, and is closer to the more moderate scenario of 2013-15, but this cannot confirm that a bottom has formed. Bitcoin’s price is currently slightly above 1.25 times the realized price (67,675 USD), and the market is in a critical valuation range. As long as this range can hold, or the price can quickly reclaim after a brief dip below it, the market structure will still be broadly neutral. If the support range continues to break down, it will most likely move toward the realized price (54,140 USD), near the $54.0–$58.0k range.

BTC-2,43%

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