finance
Bitcoin trades in $60,000-$70,000 range for 307 days
Bitcoin has remained between $60,000 and $70,000 for 307 consecutive days. The period ranks as the third-longest consolidation within any $10,000 price band in the asset's history.
Jul 10, 5:16 AM·1m read1 source
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Bitcoin has traded between $60,000 and $70,000 for 307 days, the third-longest period spent inside any $10,000 price band since the asset began trading. Glassnode data show the range trails only the $10,000-$20,000 band in 2018 and the $20,000-$30,000 band in 2022. The current price sits near $64,000, roughly 50 percent below the October all-time high.
Bitcoin remains above its 200-week moving average, which stands near $62,873. Past instances of sustained trading below this average have been brief.
Price Distribution indicates that about 6 percent of circulating supply last changed hands between $58,000 and $64,000. This cluster forms one of the largest cost-basis concentrations recorded to date. Whether the range resolves higher or lower is not determined by the data.
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