Analysis: BTC lacks historical price support in the $70,000 to $80,000 range

Odaily Planet Daily News reports that Investing.com and Glassnode data show BTC has experienced only 28 trading days in the $70,000 to $79,900 range and only 49 trading days in the $80,000 to $89,900 range. In contrast, lower price ranges such as $30,000 to $39,900 and $40,000 to $49,900 have experienced nearly 200 trading days each. UTXO realized price distribution (URPD) data also indicates a significant lack of concentration in supply between $70,000 and $80,000. The above data suggests that the support strength of BTC in the $70,000 to $89,900 range is weaker than the previous levels of $50,000 to $70,000. If the market enters a correction phase, this range may require more time for turnover to establish support. (CoinDesk)