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Bitcoin’s $BTC $70,000 to $80,000 zone highlights gap in historical price support ,
Five years of CME futures data shows where bitcoin has, and has not, built meaningful price support.
What to know:
Bitcoin has spent relatively little time between $70,000 and $80,000, just 28 trading days, making that level among the least developed price ranges in terms of historical consolidation and support.
This lack of time spent is reinforced by Glassnode’s UTXO Realized Price Distribution, which shows limited supply concentrated between $70,000 and $80,000, suggesting that if another pullback occurs, bitcoin may need to consolidate in this zone to establish stronger structural support.
By checking the past five years of bitcoin
$BTC $88,095.68 CME futures trading data, it is possible to assess where that crypto has historically spent time consolidating and, by extension, where support has been more or less established.
One useful way to frame this is by examining the number of trading days bitcoin has spent within specific price bands. The more time price has spent in a given range, the more opportunity there has been for positions to be built, which can later translate into stronger support.
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