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

BTCUSD: mildly bullish medium term, but near-term resistance risk

CryptoQuant’s cited on-chain signals—including BTC reclaiming its 365-day moving average near $80,500—strengthen the case that the market regime has improved. The report also points to substantial spot-Bitcoin ETF inflows, which could provide demand to absorb selling. These are supportive indicators, not proof that an uptrend will persist.

The immediate test is the $88,000–$90,300 area: recent buyers’ profit margins rise there, making profit-taking and a pause plausible. A decisive break above that supply zone, especially if ETF inflows continue, would suggest demand is overcoming overhead selling; rejection would leave BTC vulnerable to consolidation or a pullback. The article frames this as a potential pause within an uptrend, not necessarily a reversal.

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whether BTC holds above the reclaimed long-term average, how price behaves around $88,000–$90,300, and whether ETF flows remain strong. The institutional-ownership argument for milder future cycles is a possible longer-term stabilizer, but it does not rule out sharp drawdowns.