Analyst: It's too early to talk about a bull market; Bitcoin is currently unable to recover the critical resistance zone of $95,000-$96,000.

BTC-0,16%

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform stating that the decline since August last year and the two major liquidations in October and November have severely damaged the market. Bitcoin is currently unable to recover the critical resistance zone of $95,000-$96,000. On the other hand, various data are not showing significant improvement, so it is premature to talk about a bull market. However, regarding options data, there has been a recent surge in large-scale purchases of call options, indicating a clear signal of stopping the decline.

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