As Bitcoin price approaches $72,000, the "gap" between $72,000 and $80,000 has once again become a focal point. Data from Glassnode shows that only about 1% of the circulating supply is within this range, which means that if this level is broken, Bitcoin could face rapid upward movement toward $80,000. Historically, Bitcoin prices have quickly moved through this zone, such as after the November 2024 US election and earlier this year. The chart below shows strong support, with over 400,000 Bitcoins accumulated during the recent consolidation between $60,000 and $70,000.
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As Bitcoin price approaches $72,000, the "gap" between $72,000 and $80,000 has once again become a focal point. Data from Glassnode shows that only about 1% of the circulating supply is within this range, which means that if this level is broken, Bitcoin could face rapid upward movement toward $80,000. Historically, Bitcoin prices have quickly moved through this zone, such as after the November 2024 US election and earlier this year. The chart below shows strong support, with over 400,000 Bitcoins accumulated during the recent consolidation between $60,000 and $70,000.