Mars Finance News, on April 29, according to Cointelegraph, Keith Alan, co-founder of Material Indicators, emphasized the importance of Bitcoin's efforts to return to the key price level from early 2025, which is approximately $93,500. After briefly falling below this level during the weekly close, Alan expressed concern. He stated: "This is one of the reasons I believe there might be more downward fluctuations." However, he also acknowledged that a successful retest of the support level could bring positive effects. Alan added that he hopes Bitcoin's 21-week simple moving average (SMA) will hold, but the current price is in a "critical area".
Analyst: Bitcoin is testing the price level at the beginning of the year. Whether it can hold the support level may become a watershed in the trend
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