Analyst: Bitcoin's current pullback is a healthy correction, and the bullish structure remains intact.

Odaily Planet Daily reports that Keith Alan, co-founder of the trading resource platform Material Indicators, stated that Bitcoin's price still has room to dip for support without breaking the overall upward trend. The macro trend line and two key moving averages on Bitcoin's daily chart currently coincide with the opening price at the beginning of the year, $93,500. As long as Bitcoin continues to trade above this range, the bullish trend remains intact. Well-known trader Crypto Tony shares a similar view, believing that even if Bitcoin falls another $4,000 from its current level before this week's close, it is still acceptable. (Cointelegraph)