The main goal of holding $90,000 for the long term is to implement a profit-taking strategy for Bitcoin.

As the price of bitcoin approaches the $90,000 mark, experienced investors are willing to take profits early. According to Percival's analysis, many of these holders have experienced multiple market cycles and see the current price as a golden opportunity to utilize their investments. With significant price fluctuations in bitcoin, it consolidated between $53,000 and $72,000 for nearly seven months before the recent rebound.

The recent surge in market activity can be attributed to various factors, including a substantial influx of funds into bitcoin exchange-traded funds (ETFs). With the sentiment among bitcoin supporters triggered by Donald Trump's presidential election victory, the USA bitcoin ETF has attracted approximately $4.09 billion. Percival points out that despite increased selling pressure from long-term holders, the market's resilience can be partly attributed to these ETFs absorbing the selling pressure, thereby stabilizing prices. As he puts it, "The apparent wave of profit-taking supply is notorious."

The optimistic sentiment towards bitcoin prices has sparked predictions of a potential breakthrough above $100,000. Notable cryptocurrency figures, including Michael Saylor of MicroStrategy, have expressed their expectation that bitcoin will surpass $100,000 by the end of this year. Saylor stated, "If we don't break $100,000 in November or December, I would be surprised," indicating their strong belief in bitcoin's growth momentum.

Bitget Research's chief analyst Ryan Lee supports these optimistic forecasts, emphasizing that November has historically been a favorable month for bitcoin, making it possible for cryptocurrencies to quickly surpass $100,000. "If history repeats itself and bitcoin prices grow as expected, a 14.7% rise from the current level will confirm bitcoin's significant breakthrough above $100,000," Lee stated, showcasing an analysis method based on historical performance.

In conclusion, the recent price trend of bitcoin reflects the complex interaction between long-term holder strategies and market sentiment. With these investors taking profits around $90,000, and with the support of historical trends and optimistic predictions, bitcoin still has the potential to reach a valuation of $100,000. The current market dynamics indicate a growing maturity among bitcoin investors, which may impact the future trends of cryptocurrencies.