Bitcoin (Bitcoin) has reached its highest real profit level in five months, as cryptocurrencies briefly broke above the $80,000 mark, suggesting the market may still have upside potential.
On-chain analytics data shows that Bitcoin's net realized profit rose to $207.56 million on Sunday, marking the largest increase in the past month. Insight shared by Santiment on May 5.
This rally comes as Bitcoin returns to the $80,000 level for the first time in three months, indicating that investors are actively locking in profits as prices continue to rise.
This digital asset also generated profits multiple times in April and early May, with the most recent surge aligning with Bitcoin's highest price level in several weeks.
Despite significant profit-taking, Bitcoin has maintained its upward momentum, indicating that strong demand can absorb the additional supply entering the market.
Historically, increased profits realized during price rallies are often consistent with sustained upward momentum, not signs of weakness.
Latest on-chain data shows that buyers continue to accumulate Bitcoin, even as long-term holders sell amid the price rally.
This event also indicates that the cost basis of Bitcoin is being reset, as bitcoins previously sold near $80,000 are now being absorbed by new investors at higher prices, potentially strengthening support at current levels.
The path for Bitcoin's price toward $100,000
Meanwhile, technical indicators have reinforced the bullish outlook. Cryptocurrency analyst Ali Martinez noted in a report on May 5 that the cryptocurrency market outlook remains optimistic. Postal Bitcoin triggered a weekly upward trend. MACD crossed on April 13, a signal historically associated with the onset of a sustained upward movement.
According to the weekly chart, previous MACD crossovers have all triggered significant rallies, including a 147% surge in October 2023, a 75% increase in October 2024, and a 35% rise following the crossover in May 2025. Since the latest signal, Bitcoin has risen approximately 15%.
The chart also shows that Bitcoin previously rebounded from the $50,000 area during the early stage of this cycle, then rose to a higher range near $78,500. The momentum indicator on the MACD histogram has turned positive again, suggesting that bullish momentum may still be building.
Looking at the daily chart, Bitcoin is approaching the 200-day simple moving average near $83,000, a key structural and psychological resistance level. A successful close above this resistance could propel the price toward $89,000, with a secondary target near $94,000.
If the upward momentum continues and Bitcoin breaks through these resistance zones, the market may begin targeting the long-term psychological milestone of $100,000.
As of press time, Bitcoin is trading at $80,711, up nearly 3% over the past 24 hours and more than 5% over the past week.