Analytics: market outlook and forecasts* 💎 📈 WHAT HAPPENED? Last week, Bitcoin lost around 20% of its value. The decline unfolded with almost no pullbacks: support zones and technical levels only temporarily slowed the movement. By now, we have tested the technical level and the $60,000 mark. A reaction followed from this area: for the first time during the entire decline, buyers started to show activity. However, large volumes appeared around $63,000, indicating protection from sellers. 💼 WHAT WILL HAPPEN: OR NOT? The priority scenario for the coming days still remains an upward rebound. Growth may start either from the current levels if the $63,000 mark is held, or after a test of the $60,900 level, where the highest trading volumes were recorded. However, the upside potential is still limited, and a reaction from sellers should already be expected from the nearest resistance levels. If buyers fail to maintain control and the price consolidates below $59,000, the next downside target will be the daily support zone of $47,000-$40,000.