CryptoQuant analyzed that if Bitcoin (BTC) rises to around $90,000, profit-taking sales may increase, but this is a natural correction in an upward trend, not a trend reversal. According to Cointelegraph, CryptoQuant stated, "The average purchase price of BTC moved in the last 1-3 months is $64,300, and the upper price range where profit-taking may increase is $90,300. This overlaps with the on-chain supply concentration zone of $88,000-$90,000, making it the next major resistance zone. However, even if sales increase in this zone, it does not mean that the upward trend has broken," it explained. It added, "From the current price ($86,000) to that zone, there isn't much clear resistance. Technical indicators, valuations, and on-chain data also point to a bullish market."
