Bitcoin's $60,000-$70,000 range becomes third longest consolidation in history
CoinDesk 2026-07-10 09:16:52
Context: Bitcoin has been trading within the $60,000-$70,000 range for 307 days, marking the third longest consolidation period in its history within any $10,000 price band. This prolonged period of stability comes after significant fluctuations in previous years, including bear markets in 2018 and 2022. The current consolidation range has significant implications for the cryptocurrency's future price movements.
Key Facts
- Bitcoin has traded between $60,000 and $70,000 for 307 days, making it the third longest consolidation within any $10,000 price range in its history, according to Glassnode.
- Roughly 6% of bitcoin's circulating supply last moved between $58,000 and $64,000, creating a significant on-chain cost basis cluster that could provide support near current prices.
- The current consolidation range is 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.
- Bitcoin continues to trade above its 200-week moving average, currently around $62,873, a closely watched gauge of the long-term trend.
- Despite holding near $64,000, bitcoin remains roughly 50% below its all-time high reached in October.