Cryptocurrency analyst cryptometugce analyzed that it is still too early to judge that BTC has entered a full-fledged bull market. He explained, "BTC is showing early signs of an uptrend. Market confidence is recovering, with the Short-Term Holder Realized Profit/Loss Ratio (STH-SOPR) maintaining above 1. However, the variable is that it has not yet broken through the Short-Term Holder Realized Price, which is considered a key resistance level. It can only be seen as a signal of entering a bull market if it breaks above and stably maintains that price level."
