Historical data for $BTC is signaling that the cryptocurrency is moving within a Fragile price range due to a lack of solid trading foundations in the past.
🔹 Statistically, BTC has experienced extremely short periods at record high prices:
The $70,000 to $79,900 range lasted only 28 days.
The $80,000 to $89,900 range was slightly longer at 49 days.
This is far less than the nearly 200 days of accumulation in lower price ranges from $30,000 to $50,000.
🔸 The UTXO Actual Price Distribution
Chart also confirms a supply Gap concentrated in the $70,000 to $80,000 range.
The distribution chart is giving us a realistic UTXO signal about a large supply gap in the $70,000 to $80,000 range.
Currently, the support pillars above $72,000 are significantly lower than the massive support Wall in the $60,000 to $68,000 range.
🔹 Due to the lack of a support level, if the market experiences a sharp correction, the price of BTC could fluctuate wildly and need a long period of sideways movement to build a new, more solid base in this area.
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This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
