Analyst: The upside potential of Bitcoin seems to outweigh the short-term downside risks

ChainCatcher news, according to The Block, BRN analyst Valentin Fournier stated, "The momentum of Bitcoin paused yesterday, reaching a high of $90,000 during the day. We believe this indicates that some large investors are taking profits, which may lead to a brief pullback before the price resumes its upward trend."

Fournier noted that upcoming events and technical indicators may suggest potential price reversals. "Currently, the upside potential seems greater than the short-term downside risks. However, if today's upcoming CPI data exceeds expectations, it could trigger market volatility."