Analyst: If Bitcoin enters a correction phase again, it needs to consolidate in the $70,000-$80,000 range for an extended period to establish support

On Dec. 25, CoinDesk analyst James Van Straten published an article noting Bitcoin has spent just 28 trading days in the $70k–$80k range—making it one of the least consolidated, weakest support levels in its history. Since dropping from its October all-time high, Bitcoin has traded mostly in the $80k–$90k range through December. This pullback has pushed prices into a range where the asset has historically spent far less time, especially compared to 2024, when Bitcoin logged far more trading days between $50k and $70k. This uneven distribution means support at $80k (or even $70k–$79,999) isn’t yet as solid as in lower price ranges. On-chain data shows Bitcoin supply in the $70k–$80k range is notably low—aligning with futures market data. Both datasets suggest that if Bitcoin sees another correction, the $70k–$80k range will need more time to consolidate and build stronger support.