Bitcoin bull market ‘confirmed’ but $90K presents profit-taking risk: Analysis
Bitcoin’s next major test is around $90,000, where profit-taking is likely to increase. CryptoQuant says Bitcoin traders who bought within the last one to three months have a realized price near $64,300, and the upper profit band is about $90,300, aligned with an $88K–$90K supply cluster. That area is described as a likely resistance zone and a “natural pause” in the uptrend, not necessarily a reversal. Current conditions still point to a confirmed bull market, with technical, valuation, and onchain signals aligning bullishly. CryptoQuant also argues that Bitcoin’s future cycles may be less extreme because institutional ownership is rising and reducing both upside and downside volatility. ETF demand remains strong, with US spot Bitcoin ETFs taking in $1.7 billion over the first two days of the week, including nearly $1 billion on Monday alone.
