#Bitcoin analyst sees $105,700 “buying opportunity”
Material Indicators co-founder Keith Alan, meanwhile, observed what he described as a “normal and healthy” price retracement after the $108,000 run.
If price drops below the 50-Day SMA, I'll anticipate another flush to shakeout weak hands, and I'll look for my next buying opportunity,” he concluded, referring to Bitcoin’s 50-day simple moving average at around $105,700.
An accompanying chart showed recent daily green “buy” and red “sell” signals on another trading tool.
