


Bitcoin has spent a very short time between 70,000 and 80,000 dollars. It has only traded in this range for 28 trading days. This situation indicates one of the least developed price ranges in terms of past consolidation and support.
Data from Glassnode's Unspent Transfer Output Realized Price Distribution (UTXO Realized Price Distribution) shows that the limited supply in the 70,000 to 80,000 dollar range is concentrated. This suggests that if a pullback occurs, Bitcoin needs to consolidate in this area to establish a stronger structural support.
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