Bitcoin holders in India are experiencing profitability as new capital flows into the market, potentially setting the stage for a $100,000 BTC price retest. Short-term holders of Bitcoin are now back in profit, indicating a positive trend. Since February, long-term holders have acquired 363,000 BTC, while new buyers have injected funds into the market in April. However, there is a risk of sell pressure at $97,000, with 392,000 BTC possibly being sold at that level. Bitcoin’s recent surge above $91,700 on April 22 has surpassed the short-term realized price, signaling a favorable scenario for short-term holders. This resurgence in profitability for short-term holders typically leads to a bullish outlook and could pave the way for a potential push towards the $100,000 mark. Analysts note that the last strong resistance level remains at $96,100, beyond which the next target of $100,000 opens up. The concentration of approximately 392,000 BTC at an average cost basis of $97,000 could create a resistance zone, posing a potential obstacle to Bitcoin’s upward momentum. Despite this, there are indications of continued strength in Bitcoin’s price action, with possible price targets of $131,500, $144,900, and $166,700 according to the Wyckoff pattern analysis. This pattern suggests accumulation by large players, signaling a positive trend for Bitcoin as the market absorbs supply and gears up for an uptrend. The overall sentiment in the market points towards a positive trajectory for Bitcoin, with potential gains expected. This news is not investment advice, and readers are encouraged to conduct their own research before making any financial decisions.