If experiences a correction, an analysis suggests that support will be formed at $94,000. According to Cointelegraph, Keith Allen, co-founder of the cryptocurrency market data platform Material Indicators, stated, "Whales are currently accumulating at the current price level. However, it is rare for weekly candles to close higher than 7 times in a bullish market, and corrections often follow. If selling pressure intensifies, support is expected to form at the $94,000 level, which aligns with the 21-week moving average."
Analysis: "Support level at $9.4k during BTC adjustment"
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