Bitcoin Enters Profit Zone: New Buyers Boost Price Above $91K – Is $100k Next?

A recent surge in Bitcoin’s price has brought short-term holders back into profitability, raising hopes for a renewed rally towards the coveted $100,000 mark. Data reveals key players have been driving this upward movement, with long-term holders adding significant BTC holdings and new investors injecting capital into the market. 363,000 BTC were added to their portfolios in the past few months, signaling a bullish trend. However, a key potential obstacle lies at around $97,000, where 392,000 BTC are currently held, representing a significant amount of capital that could be sold if prices dip too low.