Bitcoin holds steady above $90,000 despite miner profit-taking, hinting at a consolidation phase before the next potential breakout.

Key Statistics:

Bitcoin price: $90,000+.
Miner selling: 3,000 BTC (48-hour).
Miner outflow: Significant spikes.
Hashrate: New highs.
Market confidence: Strong.

Technical Analysis:

Consolidation phase: Above $90,000.
Key support levels: $88,000-$90,000.
Breakout potential: $100,000.

On-Chain Metrics:

Miner outflow chart: Spikes in Bitcoin leaving miners' wallets.
Hashrate growth: Network security and competitiveness.

Potential Outcomes:

Hold key support: Further growth.
Drop below support: Increased selling pressure.
Consolidation phase: Absorbing recent gains.

Analysis:

Miner profit-taking and consolidation phase suggest a brief pause, but Bitcoin's fundamentals remain robust, with $100,000 still within reach.

Predictions:

- Short-term: $95,000-$100,000 (bullish targets).
- Long-term: Continued growth and adoption.
- Market sentiment: Cautious optimism.