Bitcoin’s thinnest price zone hints at extended stay between $70,000 and $80,000

Limited historical trading activity and thin onchain supply suggest further consolidation or a retest of the lower range. What to know : Bitcoin has traded in a relatively narrow band between $70,000 and $79,999 for five days, an unusually long stay in a price zone where it has historically spent little time. Because bitcoin has seen limited trading history in that range, the area lacks strong historical support or resistance and may become a consolidation zone or see a move toward the lower end. Trading data show a structural shortage of supply in the region, evidenced by only one major purchase by Strategy and past episodes where the price moved through it rapidly.(Coindesk)