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.