BlockBeats News, December 25 — CoinDesk analyst James Van Straten wrote that Bitcoin’s stay in the $70,000 to $80,000 range was relatively short, with only 28 trading days, making this price range one of the least developed in terms of historical consolidation and support. Since reaching a new all-time high in October and then pulling back, Bitcoin traded mostly between $80,000 and $90,000 throughout December. This correction pulled the price back into a range where the market historically spends less time, especially compared to most of 2024, when Bitcoin spent more days trading between $50,000 and $70,000. This uneven distribution indicates that support in the $80,000 range, and even the $70,000 to $79,999 range, is less solid compared to lower price ranges. URPD data shows a significant lack of supply in the $70,000 to $80,000 range, consistent with futures data. Both sets of data suggest that if Bitcoin enters another correction phase, the $70,000 to $80,000 range may become a zone where the price needs more time to consolidate and establish more stable support.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Foundry Launches Zcash Mining Pool Alongside Industry-Leading Bitcoin Pool
Foundry Digital launched its Zcash mining pool, capturing 29% of the network's hashrate shortly after its announcement. They also introduced Zcashinfo.com, a block explorer for transaction tracking, further enhancing infrastructure for the Zcash ecosystem.
Decrypt11m ago
Yesterday, Bitcoin spot ETFs had net outflows of $291 million, and Fidelity's FBTC had net outflows of $229 million
On April 13, Bitcoin spot ETF total net outflows were $291 million, BlackRock’s IBIT had net inflows of $34.7012 million, Bitwise’s BITB had net inflows of $11.8758 million, and Fidelity’s FBTC had net outflows of $229 million. Total spot ETF assets net asset value was $94.51B, and the net asset ratio was 6.45%.
GateNews1h ago
Nigel Farage invests 2 million pounds in Bitcoin, becoming the UK’s first openly holding MP
Reform UK leader Nigel Farage bought Bitcoin with roughly £2 million, becoming the first sitting member of Parliament to publicly disclose an investment of this size. The move highlights his party’s support for cryptoassets and could spark debate about the impact on the UK’s crypto policy and potential conflicts of interest. Farage invested via Stack BTC, strengthening his dual political and financial endorsement.
MarketWhisper1h ago
