CoinDesk·4 min read·hard
Bitcoin's $60,000-$70,000 range becomes third longest consolidation in history
J
James Van Straten
✦AI Summary
Bitcoin is currently experiencing its third-longest period of price consolidation within a $10,000 range, trading between $60,000 and $70,000. Analysts are monitoring the 200-week moving average as a critical indicator for the asset's long-term trend.
The consolidation range is now the third longest period spent in any $10,000 price band in bitcoin's history, behind only the $10,000-$20,000 and $20,000-$30,000 ranges during the bear markets of 2018 and 2022 respectively, according to Glassnode data.
cryptobusiness
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