According to Glassnode, Bitcoin (BTC) traded in the $60,000-$70,000 price range for 307 days, setting the third-longest sideways trading record for any $10,000 price band in history, CoinDesk reported. This period is the third longest, following the $10,000-$20,000 range during the 2018 bear market and the $20,000-$30,000 range during the 2022 bear market. Currently, BTC is trading above its 200-week moving average (approximately $62,873), and on-chain data analysis indicates that about 6% of the circulating supply last moved in the $58,000-$64,000 range, establishing this price zone as a major support level.
