[Analyst: If Bitcoin fails to hold the current range, it will further test the 'realized price' level near $54,000] BlockBeats News, April 7 — Crypto market analyst Axel published a report on social media stating that the current Bitcoin pullback is significantly smaller than during 2017-18 (-64.3%) and 2021-22, and is closer to the milder scenario of 2013-15. However, this does not confirm that a bottom has been formed. Bitcoin's price is currently slightly above 1.25 times the realized price ($67,675), and the market is in a critical valuation range. As long as this range can hold, or if the price briefly breaks below but quickly recovers, the market structure remains relatively neutral. If this support range is continuously breached, it is highly likely to further test the $54,140 realized price level within the $54,000–$58,000 range.