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Analyst: If Bitcoin fails to hold the current range, it will further test the vicinity of $54k for the "Realized Price" position.

2 hours ago

April 7th – Cryptocurrency analyst Axel posted a report on social media, noting Bitcoin’s current retracement is far smaller than the 64.3% drop in 2017-18 and the same period in 2021-22, aligning more closely with the milder 2013-15 scenario. That said, he emphasized the bottom has not been confirmed yet. Bitcoin is currently trading just above 1.25x its realized price ($67,675), placing it in a critical valuation range. The market structure will remain somewhat neutral if this range holds, or if prices rebound quickly after a brief dip below it. Should the support zone continue to break down, there’s a high likelihood of further declines to the $54,140 range near its realized price (between $54k and $58k).
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