Bitcoin Faces Significant Challenges in $70,000 to $80,000 Price Range
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Range Analysis: Over the past five years, Bitcoin has only spent 28 days in the $70,000 to $80,000 range, indicating extremely low trading activity in this bracket, which could lead to increased volatility in the future.
- Market Support Weakness: CME data reveals that Bitcoin maintained around 200 trading days in the $30,000 to $39,999 and $40,000 to $49,999 zones, forming strong support, while the $70,000 to $80,000 range lacks similar backing, reflecting market neglect.
- Supply Distribution Issues: Glassnode's UTXO Realized Price Distribution tool indicates low supply concentration in the $70,000 to $80,000 range, resulting in heightened price volatility and instability in this area.
- Future Outlook: Despite current challenges at higher price levels, if Bitcoin can sustain adequate time in these elevated brackets, it may establish stronger structural support, thereby reducing future price fluctuations.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






