Analyst: Bitcoin's current pullback is a healthy trend, and the bullish structure has not been destroyed

Odaily News According to Keith Alan, co-founder of Material Indicators, a trading resource platform, Bitcoin prices still have room to test support without disrupting the overall upward trend. The macro trend line and two key moving averages on the Bitcoin daily chart currently coincide with the opening price of $93,500 at the beginning of the year. As long as Bitcoin is still trading above this range, the bull trend remains valid. Well-known trader Crypto Tony holds a similar view, believing that even if Bitcoin falls another $4,000 from its current level before the close of this week, it is acceptable. (Cointelegraph)