Bitcoin has spent 307 days trading between $60,000 and $70,000, making it the third-longest consolidation in any $10,000 price band in its history, according to Glassnode data cited by CoinDesk. On-chain data also shows a notable cost-basis cluster between $58,000 and $64,000, an area traders may watch for support.
Bitcoin has spent 307 days trading between $60,000 and $70,000, making it the third-longest consolidation in any $10,000 price band in its history, according to Glassnode data cited by CoinDesk. On-chain data also shows a notable cost-basis cluster between $58,000 and $64,000, an area traders may watch for support.
Bitcoin has now traded inside the $60,000 to $70,000 range for 307 days, making it the third-longest consolidation within any $10,000 price band in the asset’s history, according to Glassnode data cited by CoinDesk. Bitcoin was trading around $64,000 as the range continued to hold.
Bitcoin has now traded inside the $60,000 to $70,000 range for 307 days, making it the third-longest consolidation within any $10,000 price band in the asset’s history, according to Glassnode data cited by CoinDesk. Bitcoin was trading around $64,000 as the range continued to hold.
The extended sideways move matters because it shows how much market activity has concentrated near current levels. Long consolidations can become important reference points for traders and analysts, especially when they are paired with on-chain data showing where large amounts of supply last changed hands.
Glassnode data cited in the report shows that the only longer Bitcoin consolidations in comparable $10,000 bands occurred in the $10,000-$20,000 and $20,000-$30,000 ranges during the 2018 and 2022 bear markets. That puts the current period among the most prolonged range-bound phases Bitcoin has recorded.
From a technical perspective, Bitcoin remains above its 200-week moving average, which CoinDesk reported at roughly $62,873. The report noted that prolonged moves below that level have historically been short-lived, making it a widely watched measure of Bitcoin’s longer-term trend.
On-chain positioning also suggests a meaningful area of market interest near current prices. Glassnode’s Entity Adjusted UTXO Realized Price Distribution shows that about 6% of Bitcoin’s circulating supply last moved between $58,000 and $64,000, creating a large cost-basis cluster.
Whether Bitcoin eventually breaks higher or lower from this range remains uncertain. For now, the $60,000-$70,000 band has become one of the most durable trading zones in Bitcoin’s history, while the nearby cost-basis cluster gives market participants a clear area to monitor.
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