According to CryptoAnalystPro, Bitcoin is showing signs of a potential bounce as it approaches a critical support level. Traders are advised to monitor the $30,000 level closely, as a sustained hold above this could indicate a bullish reversal. Recent on-chain data from Glassnode suggests increased activity from long-term holders, which historically precedes upward price movements. Keep an eye on the Relative Strength Index (RSI) as it nears oversold conditions, possibly signaling a buying opportunity.