


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