CryptoQuant: Bitcoin's resistance level may be around $91,000 to $92,000
According to ChainCatcher, CryptoQuant's Director of Research, Julio Moreno, stated on the X platform that Bitcoin's price resistance might be around $91,000 to $92,000. This area coincides with traders' on-chain realized price. According to the analysis, when the market is in a bull market (bull market score ≥ 60), this realized price usually acts as support; whereas in a bear market (bull market score ≤ 40), this price serves as resistance. The current market is still considered to be in the latter situation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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