CryptoQuant: Profit-taking may interrupt the BTC bull market, and the market could face a deep correction

ChainCatcher news, according to Cointelegraph, the on-chain analysis platform CryptoQuant pointed out in its latest research report that profit-taking may lead to a disruption in the recent Bitcoin bull market, and certain demand indicators for Bitcoin may be reaching a short-term peak, indicating that the current upward trend will pause, while whale accumulation is also slowing down, and prices may drop below $100,000.

Trader Mags posted an analysis on the X platform: "On the daily chart, BTC has fallen below the previous historical high and is facing rejection at the same level. If BTC closes below the horizontal support and resistance levels on the weekly chart, we may see a deeper correction."