Bitcoin Nears Record With 307 Days in $60,000-$70,000 Range as Support Builds Near $64,000
Updated
Updated · CoinDesk · Jul 10
Bitcoin Nears Record With 307 Days in $60,000-$70,000 Range as Support Builds Near $64,000
3 articles · Updated · CoinDesk · Jul 10
Summary
307 days of trading between $60,000 and $70,000 have made bitcoin’s current band the third-longest $10,000 consolidation in its history, with the token hovering around $64,000.
Glassnode data shows about 6% of circulating supply last moved between $58,000 and $64,000, creating a large cost-basis cluster that could reinforce support near current prices.
Bitcoin also remains above its 200-week moving average—about $62,873—a long-term trend gauge that has historically seen only brief breaks below it.
The extended sideways stretch still leaves bitcoin roughly 50% below its October all-time high, underscoring how a durable support base has formed even as the next breakout direction remains unclear.