Bitcoin Eyes $90K Target Amid Ongoing Consolidation

Bitcoin is currently in its fifth wave of an upward structure according to analysis by KuCoin. The target for this wave is around $90,000. While there's a risk that a significant correction may occur after reaching this price, it's not yet time to be concerned.

The range-bound consolidation has been ongoing for an extended period and when broken could trigger a rapid surge in the market, liquidating short positions.

For now, investors are advised to hold onto their long positions.