Bitcoin’s $60,000–$70,000 range has become one of its longest consolidation phases, with BTC spending 307 days inside the $10,000 price band.

Bitcoin is trading near $64,000, extending its time within the $60,000 to $70,000 range to 307 days. The prolonged sideways movement has now become the third-longest consolidation period ever recorded within a single $10,000 price zone.

Glassnode data shows that only two previous bitcoin price ranges — $10,000–$20,000 and $20,000–$30,000 — experienced longer periods of consolidation than the current zone.

From a technical perspective, bitcoin remains above its 200-week moving average, currently located around $62,873. This long-term trend indicator is closely followed by market participants, as historical data suggests bitcoin’s declines below this level have usually been brief.

Despite stabilizing around $64,000, bitcoin is still trading nearly 50% below its October record high, indicating that the market has yet to fully recover from its previous peak.

On-chain indicators point to strong activity around current price levels. Glassnode’s Entity-Adjusted UTXO Realized Price Distribution (URPD), which tracks the price levels where bitcoin was last transferred between economic entities, shows that approximately 6% of the circulating supply is concentrated between $58,000 and $64,000.

The direction of bitcoin’s next major move remains unclear, but the extended consolidation has created one of the largest cost-basis accumulation zones in the asset’s history. This range could play a crucial role in determining whether BTC resumes its upward trend or faces renewed selling pressure.