On March 29, 2023, according to Cointelegraph, Material Indicators co-founder Keith Alan emphasized the importance of Bitcoin's efforts to return to a significant price position from early 2025. This position is around $93,500 and is a key focus for future trends. A brief drop below this price after the weekly close has raised concerns for Alan.

He stated: "This is also one of the reasons why I believe there may be more downward volatility." However, he also acknowledged that if the support level is successfully retested, it could have a positive impact. Alan added that he hopes Bitcoin's 21-week simple moving average (SMA) can hold, but the current price is in a "critical area."