Bitcoin: Entity-Adjusted SOPR Holds Above 1 in Bull Market

Bitcoin native coins continue trading in profit without immediate reversal, with entity-adjusted SOPR holding above 1 as a hallmark of the current bull market phase.

Glassnode data from the past six months shows this metric sustained above 1 through multiple tests, distinguishing the period from earlier consolidation. A drop below 1 would mark fading demand. BTC price prediction models and Bitcoin market analysis now incorporate SOPR bull market indicator readings to gauge continuation strength.

At $81289.07, price presses the upper Bollinger Band resistance of $82281.49 while RSI at 77.22 signals overbought conditions, yet the EMA50 support at $78029.75 and EMA200 at $74979.27 anchor the bullish structure confirmed by MACD golden cross at 1125.19; a measured retracement toward the 50-EMA appears likely before further extension inside the bands.