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Analyst: The current pullback of BTC is a healthy trend, and the long positions structure has not been damaged.
ChainCatcher news, according to Cointelegraph, co-founder Keith Alan of the trading resource platform Material Indicators stated that Bitcoin prices still have room for a dip support, without compromising the overall pump trend. The macro trend line and two key moving averages on the Bitcoin daily chart currently overlap 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 holds a similar view, believing that it would be acceptable for Bitcoin to drop another $4,000 from the current level before the close of this week.