BTC’s thinnest price zone between $70,000 and $80,000

Bitcoin has consolidated between $70,000 and $79,999 for five consecutive days, a relatively long period for this price band, which historically has seen limited trading activity. Analysis of on-chain data shows that Bitcoin has spent only about 35 days within this $10,000 bucket compared to other increments, indicating that price movements have typically been swift through this zone rather than establishing sustained support. The lack of historical time spent here suggests the zone is structurally thin, implying that the price is more likely to consolidate further or potentially retest lower levels before establishing a more durable base. Historical examples, such as the rapid ascent after the November 2024 election, show how quickly BTC moves through this range. Notably, MicroStrategy (MSTR), a major corporate holder, has only made one purchase within this range, acquiring 27,200 BTC near the middle of the zone in November 2024.

(Source：CoinDesk)