Bitcoin’s $60K–$70K Trading Zone Becomes One of Its Most Active Ranges Ever

Bitcoin has now spent 307 days trading within the $60,000–$70,000 range, making it the third-longest consolidation period ever recorded within a $10,000 price band.

Bitcoin is currently hovering near $64,000, marking its 307th day inside the $60,000 to $70,000 trading zone.

According to data from Glassnode, this price range has become the third most extended period bitcoin has spent consolidating within a $10,000 band. Only the $10,000–$20,000 and $20,000–$30,000 ranges have lasted longer in the cryptocurrency’s history.

From a technical standpoint, bitcoin continues to trade above its 200-week moving average, which is currently around $62,873. This indicator is widely viewed as a key measure of long-term market strength, and historically, extended periods below this level have not lasted long.

Although BTC has remained stable around $64,000, the cryptocurrency is still trading approximately 50% below its record high reached in October.

On-chain metrics also highlight a major support area. Glassnode’s Entity-Adjusted UTXO Realized Price Distribution (URPD), which tracks the levels where bitcoin last moved between different economic entities, shows that roughly 6% of the circulating supply was acquired between $58,000 and $64,000.

While it remains unclear whether bitcoin will eventually break higher or move lower from this range, the extended period of sideways trading has created one of the largest cost-basis concentration zones in the asset’s history.