Analyst: Bitcoin returns to the price level at the beginning of the year, whether it can hold the support level of around $93,500 becomes the key

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ODAILY
04-29
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Planet Daily News: Material Indicators co-founder Keith Alan emphasized Bitcoin's efforts to return to a crucial 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 we might see more downward volatility." However, he also acknowledged that a successful retest of the support level could potentially bring positive effects. Alan added that he hopes Bitcoin's 21-week simple moving average (SMA) will hold, but currently believes the price is in a "critical area". (Cointelegraph)

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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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