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Analyst: Bitcoin Struggles to Regain Key Resistance Area of $95,000-$96,000, Premature to Discuss Bull Market

Summary: According to reports, Adam, a macro researcher at Greeks.live, stated on X platform that the market's morale has been greatly affected by the downturn since August last year and two major liquidations in October and November. Bitcoin is currently struggling to regain the key resistance area of $95,000-$96,000, and various data indicators show no significant ...

According to reports, Adam, a macro researcher at Greeks.live, stated on X platform that the market's morale has been greatly affected by the downturn since August last year and two major liquidations in October and November. Bitcoin is currently struggling to regain the key resistance area of $95,000-$96,000, and various data indicators show no significant improvement, making it premature to discuss a bull market. However, in terms of options data, there has been a significant increase in large purchases of call options recently, indicating a potential halt to the decline.

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