Bitcoin long-term holders do not see $90K 'as an enemy

Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto analyst.

In a Nov. 16 market report, CryptoQuant contributor Percival noted that Bitcoin 
BTC
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$90,754
long-term holders (LTH) — addresses holding BTC for 155 days or more — “do not see $90K as an enemy” and are engaging in profit-taking. Before breaking its $73,800 all-time high from March on Nov. 5, Bitcoin’s price had consolidated between $53,000 and $72,000 for almost seven months.

At the time of publication, Bitcoin is trading at $89,945, according to CoinMarketCap data.

$90K ‘first target’ for Bitcoiners who have been around for a while
“Some of these investors have been here for many years, and for them, this first target would be a profit-taking zone,” Percival added. Bitcoin surpassed $90,000 for the first time on Nov.…