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

According to data from Investing.com and Glassnode, BTC only lasted 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 both lasted nearly 200 trading days. UTXO Realized Price Distribution (URPD) data also shows a significant lack of supply concentration between $70,000 and $80,000. This data suggests that the support level for BTC in the $70,000 to $89,900 range is weaker than the previous $50,000 to $70,000 range. If the market enters a correction phase, this range may require more time for trading to establish support. (CoinDesk)