Bitcoin has staged a sharp recovery from the $60,000 demand zone, breaking above several technical barriers and reclaiming the $72,000-$74,000 area. The move has pushed the asset toward the $80,000 resistance level, though momentum is showing signs of exhaustion. On-chain data has materially improved, with the average market participant taking profits again. The adjusted Spent Output Profit Ratio (aSOPR) has rebounded sharply above the 1.0 threshold, indicating that profitable spending has returned alongside the price recovery, supporting a healthier bullish market structure.
Bitcoin staged a sharp recovery from the $60,000 demand zone, breaking above several major technical barriers and reclaiming the $72,000-$74,000 area. The latest move has pushed BTC toward the $80,000 resistance zone, where momentum is beginning to show signs of exhaustion.
The daily chart shows a significant structural improvement, with Bitcoin spending months consolidating below a descending trendline. The breakout above the trendline and $67,000 resistance was followed by an aggressive move higher, first through $72,000-$74,000 and then toward the current $80,000 area.
Bitcoin is now trading above the 100-day (approximately $66,000) and 200-day (approximately $70,000) moving averages, which have started to flatten or turn higher. The previous resistance around $72,000-$74,000 could become the first major support zone if the market enters a pullback.
The $80,000-$82,000 region is an important obstacle, corresponding to the upper resistance zone close to recent local highs. A decisive daily breakout above this area could open the door toward the next major resistance around $95,000.
The daily RSI surged into overbought territory following the vertical rally. The 4-hour chart shows a bearish divergence, with the price making a higher high while the RSI forms a lower high.
The immediate resistance is the $80,000 zone, with a clean 4-hour close above it providing stronger confirmation of a continuing breakout. On the downside, $72,000-$74,000 is the key near-term support, and if BTC loses it, the next important area is around $64,000.
According to on-chain data, the adjusted SOPR metric spent a prolonged period below 1 during Bitcoin’s previous correction, reflecting persistent loss realization. More recently, aSOPR has rebounded sharply, and its 30-day EMA has turned higher and moved above the 1.0 threshold.
This improvement suggests that profitable spending has returned alongside the price recovery. If aSOPR remains above 1 during any BTC pullback, it would suggest that holders are still realizing profits rather than capitulating.
