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
The Bhutanese government transferred 319.7 BTC to two wallets, worth approximately $22.67 million
Gate News message, on April 9, according to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 319.7 BTC (worth about $22.67 million) to two wallets. One is a newly created wallet, possibly a CEX wallet; the other is an old wallet that was previously used to transfer funds for sale via a certain CEX or Galaxy Digital.
GateNews55m ago
Arthur Hayes: You need to see on-chain transactions to believe that Iran accepts BTC as payment—otherwise it’s just messing with the West
Gate News message, April 9, Arthur Hayes posted a comment on reports that Iran is charging Bitcoin tolls. Hayes said he would only believe that Iran is truly collecting tolls in the form of BTC after seeing the related transactions on the real Bitcoin blockchain. He believes that before that, it is only the Islamic Revolutionary Guard Corps playing with the Western fiat currency and financial system.
GateNews1h ago
Morgan Stanley Bitcoin ETF Debuts with $34 Million in First-Day Inflows, 0.14% Fee
Morgan Stanley’s spot bitcoin exchange‑traded fund (ETF) began trading on April 8, 2026 under the ticker MSBT on NYSE Arca, recording more than 1.6 million shares traded and approximately $34 million in net inflows on its first day.
CryptopulseElite1h ago
Michael Saylor’s Strategy Buys 4,871 BTC Worth $330M, Holdings Hit 766,970 BTC
Strategy has resumed its Bitcoin accumulation, acquiring 4,871 BTC for $329.9M, raising total holdings to 766,970 BTC. Funding comes from preferred shares, minimizing reliance on common stock. Despite a $14.46B loss, it aims for 1M BTC.
CryptoFrontNews1h ago
