Bitcoin Back in Profit, $100K in Sight?

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Bitcoin’s rally toward $95,000 put multiple investor cohorts back in profit, but there is still a substantial sell-side risk near BTC’s range high.

Bitcoin short-term holders are back in profit, increasing chances for a rally to $100,000.

Long-term holders added 363,000 BTC since February, with new buyers injecting capital in April.

Bitcoin sell pressure risk exists at $97,000, where 392,000 BTC could be sold.

Bitcoin’s surge above $91,700 on April 22 pushed its value above the short-term realized price or cost basis. This implies that a majority of short-term holders (STHs) are currently back in profit.

STHs returning to profit after unrealized losses signal a bullish outlook, paving the way for a potential $100,000 retest.


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