Analyst: The current pullback of BTC is a healthy trend, and the bullish structure has not been broken

ChainCatcher news, according to Cointelegraph, co-founder of the trading resource platform Material Indicators, Keith Alan, stated that there is still room for Bitcoin's price to dip for support without breaking the overall upward trend.

The macro trend line on the Bitcoin daily chart and two key moving averages currently coincide with the year-to-date opening price of $93,500. As long as Bitcoin continues to trade above this range, the bullish trend remains intact.

Well-known trader Crypto Tony holds a similar view, believing that it would be acceptable for Bitcoin to drop another $4,000 from its current level before the close of this week.