According to @52kskew, BTC is in a crucial consolidation into the daily close and open, with meaningful supply sitting above spot that will test buyers' momentum (source: @52kskew on X). According to @52kskew, traders should monitor the daily close for confirmation of either a breakout through the overhead supply zone or a rejection that would signal weakening buyer strength and near-term resistance control (source: @52kskew on X).

According to IntoTheBlock, Bitcoin is nearing the $90k mark, with cost-basis clusters indicating minimal overhead supply below this range. This suggests that the market may advance quickly before a larger group of holders reaches break-even and begins taking profit.