BTC consolidation in $60K-$70K range is third longest in history

According to Glassnode data reported by CoinDesk, Bitcoin has been trading within the $60,000-$70,000 range for 307 days, marking the third-longest consolidation period within a $10,000 price band in its history. This duration is surpassed only by the consolidation in the $10,000-$20,000 range during the 2018 bear market and the $20,000-$30,000 range in the 2022 bear market. Currently, BTC is trading above its 200-week moving average of approximately $62,873. On-chain data indicates that this price level is a key support zone, as about 6% of the circulating supply last moved between $58,000 and $64,000.