According to Material Indicators, BTC's price is dropping into a support test as 'Spoofy the Whale' has lowered ask liquidity on FireCharts, applying downward pressure. This strategic move could create an opportunity for buying the dip.

According to Material Indicators (@MI_Algos), Bitcoin and the broader crypto market have rallied from the March 18th support test to the trend line. Currently, Bitcoin is attempting to consolidate above $86.5k, a critical level for potential upward movement. Traders should watch for a sustained close above this level, as it might indicate a bullish trend continuation. Material Indicators suggest that maintaining momentum above $86.5k could lead to significant price action. Source: Material Indicators (@MI_Algos).