Bitcoin experienced a anticipated decline, reaching both anticipated zones; however, the trading volume remained relatively low, suggesting the possibility of further downside movement to approximately 28250. It's worth noting that weekends often exhibit reduced trading activity, which may have contributed to the current market conditions.
To validate the potential for a rebound, it is crucial for Bitcoin to close at least two consecutive 4-hour or daily candles above the low point established on Wednesday.
Looking ahead, the nearest target zones for a potential bounce are identified as:
28761-28910 and 29151-29230.
These zones may serve as significant resistance levels, where the price could potentially encounter selling pressure or experience a rebound.
