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

Planet Daily News: According to Keith Alan, co-founder of trading resource platform Material Indicators, Bitcoin's price still has room to explore support 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 weekly close, it would be acceptable. (Cointelegraph)