Bitcoin’s 9-day rally: Is this Bull Run sustainable?

SOPR Remains Positive for 9 Consecutive Days

Currently trading around $81,200, Bitcoin is showing remarkable strength. BTC has recorded a 2.51% increase over the past week and surged by more than 11% over the month, breaking past the $82,000 mark.

This momentum is backed by a strong signal: the SOPR (Spent Output Profit Ratio) indicator has stayed above the critical threshold of 1 for nine consecutive days. In practical terms, this means that coins moving on the blockchain are generating sustained profits, ruling out the possibility of a mere short lived bounce.

The market is absorbing this profit taking without breaking its price structure, an undeniable sign of resilience. This transition from a market in loss to stable profitability shows that selling pressure is now much easier for buyers to handle.

Is Bitcoin’s Key Support at Risk From Profit Taking?

Although the situation is improving, the market is not yet fully bullish. The realized profits remain significantly lower than those seen during previous 2025 rallies, and speculation remains moderate. This lull allows BTC to consolidate its foundation, but traders must remain vigilant.

If the SOPR indicator were to drop back below the crucial 1 mark, it would mean that investors are once again liquidating their positions at a loss. Such a bearish scenario could invalidate the current recovery and trigger a severe retracement toward lower zones.

Furthermore, the average purchase price for Short Term Holders (STH) sits at $78,000. The STH MVRV Bollinger Bands chart therefore indicates a crucial support at this STH Cost Basis of $78,440, but more importantly, an upcoming resistance and target at $102,000.

Technically, holding above the current support zones is vital. A breakdown below these levels would expose Bitcoin to a new correction down to $65,000.

But for now, Bitcoin is more likely to retest $78,000 by late May or early June before pushing toward $100,000 in July.

How High Can the Bitcoin (BTC) Price Go After This Breakout?

The stabilization of the SOPR and the increase in investor profitability provide fertile ground for the bullish momentum to continue. If this dynamic holds, BTC could smash through major new resistances, attracting massive institutional capital.

However, confirming a genuine new rally will require a clean breakout of the order block at $82,900.

Based on the True Market Mean Quantile (which is calculated using active coins rather than dormant ones like Satoshi’s, offering better accuracy), the resistance stands at $91,000. Meanwhile, the next support is located at $69,000. In the event of a correction, maintaining a daily close above $78,200 will therefore be crucial to sustain the bullish trend.

As profits accumulate without causing the price to falter, the burning question on investors’ lips is: is this the perfect time to accumulate Bitcoin before the next historic surge?

It is certain that sellers have lost momentum. Right now, shorts are the big losers on Bitcoin. Nevertheless, the question is whether buyers will be persistent enough to drive Bitcoin to new highs. Because, for the time being, Saylor is once again the main contributor to this surge. Meanwhile, retail is still not buying Bitcoin and is opting for the stock market instead.

To conclude, DrProfits is still betting on a bottom at 50k and an imminent local top. On his end, the trader Killa is waiting for August to go long on BTC. Finally, Taiki Meida remains extremely bullish and sees Bitcoin continuing its rally. Three different visions from the best traders of this cycle. What happens next is bound to be interesting.

Sources:

• DrProfits
• Checkonchain
• AMBCrypto

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