Bitcoin bull market ‘confirmed’ but $90K presents profit-taking risk: Analysis

Bitcoin (BTC) faces its “next real test” at $90,000 as traders continue to return to unrealized profit.

Key points:

• Bitcoin profit-takers may stall BTC price upside at $90,000, CryptoQuant predicts.
• Onchain signals, including price reclaiming its 365-day moving average at $80,500, led analysts to call the start of the next bull market.
• CryptoQuant CEO Ki Young Ju sees future cycle tops and bottoms as shallower thanks to institutional ownership.

Profit-taking means “natural pause” for BTC price at $90,000

In its latest weekly report issued on Tuesday, onchain analytics platform CryptoQuant warned that the area around $90,000 will bring increased odds of profit-taking should price reach it.

Bitcoin traders’ realized price — the average acquisition price of BTC that last moved onchain between one and three months ago — currently sits at $64,300. CryptoQuant data shows upper and lower bands around this level, signifying profit or loss margins for this cohort of the supply. The “upper band” for profit-taking sits at $90,300, or 40% above the realized price.

“The upper band coincides with the $88K–$90K on-chain supply cluster, making it the next resistance to clear. Historically, as price approaches the upper band, trader profit margins stretch and selling can intensify — a natural pause point within an uptrend, not a reversal,” CryptoQuant analysts stated.