Analysts: Bitcoin is unlikely to recover the key resistance zone of $95,000-$96,000 in the near term; it's too early to talk about a bull market.

This article is machine translated
Show original

According to Odaily Odaily, Adam, a macro researcher at Greeks.live, stated in an article on the X platform that the decline since August of last year and the two major liquidations in October and November have severely damaged the market. Bitcoin is unlikely to recover the key resistance area of ​​$95,000-$96,000 in the near term. On the other hand, various data have not shown significant improvement, making it premature to talk about a bull market. However, in terms of options data, there has been a recent surge in large-scale buying of call options, indicating a clear bottoming signal.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments