Bitcoin hit key resistance at $28,000 again on Friday as the cryptocurrency market rebounded strongly from U.S. jobs data, led by AVAX and SOL. Rachel Lin, CEO of derivatives decentralized exchange SynFutures, said that the 200-day moving average and the 200-week moving average are both located around $28,000, which is a huge resistance to any price increase. A sustained break above $28,100 would be a positive sign and could lead Bitcoin to $30,000.

Lucas Otumro, director of research at IntoTheBlock, said Bitcoin has performed differently in the recent bond sell-off compared to last year. Markets appear to be re-evaluating Bitcoin’s value proposition amid global uncertainty. Michael Silberberg, head of investor relations at crypto hedge fund AltTab Capital, said Bitcoin’s price stability during the sell-off in bonds and stocks highlights its growing status as an independent asset class. This decoupling marks a further evolution of Bitcoin’s “digital gold” narrative.