ChainCatcher news, according to The Block, BRN analyst Valentin Fournier said, "Bitcoin's rally paused yesterday, reaching a high of $90,000 during the session. We believe this indicates that some large investors are taking profits, which may cause a short-term correction in prices before resuming their upward momentum."

Fournier said that future events and technical indicators may hint at a potential reversal in prices. "At present, the potential for upside seems to be greater than the short-term downside risk. However, if the CPI data to be released today exceeds expectations, it may trigger market volatility."