Crypto market analyst Axel has indicated that Bitcoin could fall to the $54,000–$58,000 range if it fails to maintain its current valuation above 1.25 times its realized price of $67,675. Axel noted that Bitcoin's recent pullback is less severe than those in 2017–18 and 2021–22, resembling the milder downturn of 2013–15. However, he cautioned that it is premature to confirm a market bottom.