Analyst: Bitcoin's Current Pullback is a Healthy Trend, Bullish Structure Remains Intact

According to Keith Alan, co-founder of the trading resource platform Material Indicators, Bitcoin's price still has room to dip for support without disrupting the overall upward trend. The macro trend line on Bitcoin's daily chart and two key moving averages currently coincide with the opening price of $93,500 at the beginning of the year. As long as Bitcoin continues to trade above this range, the bullish trend remains intact. Renowned trader Crypto Tony shares a similar view, believing that even if Bitcoin drops another $4,000 from its current level before the week's close, it is still acceptable. (Cointelegraph)