BTC may see profit-taking near $90K, but pullback would fit uptrend

Bitcoin may face heavier profit-taking as it approaches $90,000, but any such move would likely be a natural correction within an uptrend rather than a trend reversal, CryptoQuant said, according to Cointelegraph. The analytics firm said the average cost basis for BTC moved within the past one to three months was $64,300, and the upper price zone where profit-taking could increase was around $90,300. That area overlaps with an on-chain supply cluster at $88,000-$90,000, which it identified as the next major resistance zone. Even if selling pressure rises there, CryptoQuant said it would not necessarily mean the uptrend has broken. From the current price of $86,000, the firm added, there appears to be little clear resistance before that zone, while technical indicators, valuation metrics and on-chain data continue to point to a bull market.