Material Indicators Founder: Bitcoin's uptrend has not been broken, still has room to decline

TechFlow, May 25 — According to Cointelegraph, Keith Alan, co-founder of trading resource platform Material Indicators, said that Bitcoin’s price still has room to test support levels without disrupting the overall bullish trend. On the daily chart, Bitcoin’s macro trend line and two key moving averages currently converge around the year-opening price of $93,500. As long as Bitcoin continues to trade above this zone, the bullish trend remains intact.

Prominent trader Crypto Tony shares a similar view, stating that even if Bitcoin drops another $4,000 from current levels before week-end closing, such a move would still be acceptable.