Analyst: Bitcoin Needs Prolonged Consolidation Between $70K–$80K to Build Support

In accordance with Blockbeats, on December 25, CoinDesk analyst James Van Straten noted that the $70,000–$80,000 price range for Bitcoin has historically seen only 28 trading days of consolidation, making it one of the least developed support zones. Following a peak in October and a pullback in December, Bitcoin has spent most of the month trading between $80,000–$90,000. The current correction has brought the price back to a historically less-traded range, especially compared to 2024, when Bitcoin spent more time between $50,000–$70,000. UPRD data shows a clear supply shortage in the $70,000–$80,000 range, consistent with futures data. Both suggest that if Bitcoin enters another correction phase, the $70,000–$80,000 range may require extended consolidation to establish stronger support.