🗞️📰Concerns Persist Over BTC Price Weakness
For some, however, the real test for the current BTC price rebound lies elsewhere.
In his latest YouTube video analysis from April 28, Keith Alan, co-founder of the trading resource Material Indicators, drew attention to Bitcoin's ongoing battle to reclaim the 2025 annual opening.
Around $93,500, this level constitutes the key focus moving forward, and a brief dip below it after the weekly close left Alan concerned.
"It's one of the reasons I think we might see more downside volatility," he said while acknowledging the potential benefits of a new test of support.
Alan added that he expected the 21-week simple moving average (SMA) to hold, but that the price was in a "critical zone".