Crucial Bitcoin Realized Price Points to Sustained Bull Run, Here’s The Catch

Bitcoin (BTC) price has hit its highest record of $124,171 on August 14, 2025. Since then, BTC has experienced a zig-zag movement, with the price dropping to as low as $107,255.

However, BTC closed August at $108,269, with technical bullish indicators showing a potential breakout. Still, Metaplanet’s decreasing share prices have raised bearish sentiments.

Bullish Bitcoin Price Technical Indicators

PlanB, the creator of the Stock-to-Flow (S2F) model, has highlighted some technical indicators that point towards a potential BTC rally soon.

According to the analyst, these key on-chain and technical indicators suggest the bull market remains intact.

PlanB began by emphasizing that Bitcoin ended August at $108,269. Historically, Bitcoin’s monthly closes often set the tone for short-term trends. A close above key supports, like moving averages, indicates resilience.

At $108,269, Bitcoin was down about 13% from its mid-August all-time high of $124,000. However, the price is still up approximately 87% over the past year.

This represents a healthy correction in a bull market, allowing for accumulation without derailing the uptrend.

Additionally, BTC has a 2-year realized cost price of $90,000 and rising. The realized cost price is an on-chain metric calculating the average price at which all Bitcoins in circulation were last transacted.

The 2y variant filters for coins transacted within the last two years. It reflects the cost basis of more recent investors. A rising value means new transactions are occurring at higher prices, increasing the average.

At $90,000, the current BTC price at $108,897 is about 20% above this level. This means that the average 2-year holder is in profit.

Another metric pointed by PlanB is the 200-week moving average at $52,000 and rising. A rising 200WMA means the average is increasing, confirming upward momentum over multi-year cycles.

Furthermore, the 14-month Relative Strength Index ( RSI) is showing an uptrend at 67. RSI values between 50 and 70 indicate buying pressure without overbought extremes.

Bitcoin Price Attempt Breakout

PlanB concluded that the combination of a high price relative to the realized price and 200-week MA, and RSI, confirms Bitcoin remains in a bull market.

Another analyst, Merlijn the Trader on X, noted that Bitcoin recently attempted a breakout. The analyst posted a BTC chart which suggested Bitcoin is approaching a major price movement upward.

The chart displays BTC price movement with red and green candles from June 18 to September 2025.

The chart also revealed a diagonal line that slopes downward from around mid-June to the lower right, early September. This line represents a resistance trendline, connecting the highs of previous price peaks.

Bitcoin has tested this line multiple times without breaking through, forming a triangle pattern.

The green circle labeled “Breakout Incoming is near the current BTC price level. This suggests that the leading coin is nearing or has just approached the resistance line.

A breakout above this point could signal a strong upward move for BTC price.

The Metaplanet Trigger

Amid the bullish technical indicators, Japan’s Metaplanet has added more BTC to its balance sheet.

Metaplanet announced today that it bought an additional 1,009 BTC, valued at about $112 million. With this latest buy, Metaplanet has grown its BTC holdings to 20,000 units.

The BTC purchase by Metaplanet exemplifies corporate adoption, suggesting confidence in the leading coin.

Metaplanet started accumulating BTC in April 2024 with small initial buys. Since then, the firm has scaled up rapidly through multiple acquisitions, often announced via press releases.

Such news often leads to short-term BTC price boosts due to the associated positive sentiment. It also boosts the entire Metaplanet’s stock.

However, Metaplanet shares have plunged 54% from their June highs. With the slump, the company even announced plans to raise $884 million by selling shares overseas.

The drop in Metaplanet stock has raised bearish sentiments for BTC price. Metaplanet’s strategy of growing its Bitcoin treasury depended on strong share prices.