Analyzing the past five years of Bitcoin (BTC) CME futures trading data offers valuable insights into the price levels where this cryptocurrency has historically consolidated, revealing zones of potential support.
A practical approach to understanding these dynamics involves counting the number of trading days Bitcoin has remained within specific price ranges. The longer the price stays in a particular band, the greater the likelihood that positions have been established there, which can later translate into stronger support levels.
According to data from Investing.com, there are significant differences across various price brackets. Apart from a brief period when Bitcoin traded above $120,000 at record highs, it spent only 28 trading days between $70,000 and $79,999. Additionally, just 49 days were recorded in the $80,000 to $89,999 range. In contrast, lower bands such as $30,000–$39,999 and $40,000–$49,999 saw nearly two hundred trading days each—demonstrating extensive testing and consolidation within those zones.
Throughout most of December following its sharp decline from October’s all-time peak price level near $90K+, Bitcoin hovered within that same $80K-$90K range. This retracement led prices back toward an area with relatively limited historical activity compared to much of 2024 when BTC spent considerable time between approximately $50K and $70K. Such uneven distribution suggests weaker support formation around both mid-$70Ks up through high-$80Ks compared with more robust backing at lower levels.
This conclusion is further supported by Glassnode’s UTXO Realized Price Distribution (URPD), which tracks where current Bitcoin supply last moved based on an entity-adjusted method assigning balances according to average acquisition cost per holder.
The URPD highlights a distinct scarcity of supply clustered between roughly seventy thousand and eighty thousand dollars—a finding consistent with futures market observations. Together these datasets imply that if another correction occurs for BTC prices falls again toward this zone—the region spanning seventy-to-eighty-thousand dollars could become critical for consolidating stronger foundational support moving forward.
Note: This analysis relies on daily opening prices for CME bitcoin futures excluding weekends; thus figures represent how often BTC opened sessions inside each band rather than intraday or closing values.