Mars Finance News: According to Cointelegraph, Keith Alan, co-founder of trading resource platform Material Indicators, stated that Bitcoin's price still has room to explore support levels without disrupting the overall upward trend. The macro trend line and two key moving averages on Bitcoin's daily chart 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 valid. Well-known trader Crypto Tony shares a similar view, believing that even if Bitcoin drops another $4,000 from its current level before the end of this week, it would be acceptable.
Analyst: BTC's current pullback is a healthy trend, and the bullish structure has not been destroyed
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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