Bitcoin Trades in $60K to $70K Range for 307 Days, Achieves Third Longest Consolidation
Bitcoin has remained within the $60,000 to $70,000 range for 307 days, marking its third longest consolidation in that price band, according to data from Glassnode. This period is significant as it establishes a strong cost-basis cluster that could offer support, particularly as Bitcoin trades around $64,000.
As of July 10, 2026, Bitcoin has spent 307 days trading between $60,000 and $70,000. This duration makes it the third longest consolidation within any $10,000 price range in Bitcoin's history. The previous longest periods occurred during the bear markets of 2018 and 2022, specifically within the $10,000-$20,000 and $20,000-$30,000 ranges, respectively. Currently, Bitcoin's price hovers around $64,000, according to Glassnode data.
Approximately 6% of Bitcoin's circulating supply last changed hands between $58,000 and $64,000, indicating a significant on-chain cost basis cluster in this region. This cluster can provide a support level, as Bitcoin remains approximately 50% below its all-time high reached in October. Additionally, Bitcoin is trading above its 200-week moving average, which is currently around $62,873, a critical indicator that typically signals short-lived moves below this level.
Despite the extended consolidation, the outcome of whether Bitcoin will break out higher or lower remains uncertain. Analysts observe that this prolonged sideways trading has established one of Bitcoin’s largest cost basis clusters to date, hinting at potential market implications. Future price movements will be closely monitored as indicators continue to evolve.
Summary based on original reporting by James Van Straten at CoinDesk, originally published Jul 10, 2026. SolanaWire does not republish source content.
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