An analysis suggests that Bitcoin's uptrend could continue based on on-chain indicators, with the next major target price being $92,000. Cointelegraph cited Glassnode's data, stating, "Bitcoin's price has surpassed the average purchase price of short-term holders (STH, holders for less than 155 days based on on-chain data) at $79,000. This phenomenon has historically led to long-term recovery markets. Furthermore, it can attract new buyers and induce short position liquidations, potentially leading to further increases due to a squeeze. This pattern was also observed in January and October 2023, October 2024, and April 2025. This signals the end of bear and sideways markets, and if resistance around $84,000 is broken, the price could rise to $92,000."
