On March 29, $BTC 4, according to Cointelegraph, Material Indicators co-founder Keith Alan emphasized the important position Bitcoin is working hard to regain, which is around $93,500, a key focus for future trends. A brief drop below this price point after the weekly close has left Alan concerned. He stated, "This is also one of the reasons I think there could be more downward volatility." However, he also acknowledged that if a successful retest of the support level occurs, it could have a positive impact. Alan further added that he hopes Bitcoin's 21-week simple moving average (SMA) can hold, but currently, the price is in a "critical area."