Bitcoin (BTC) Price Analysis: Key Zone Suggests Consolidation Between $70K and $80K

Recent on-chain data reveals Bitcoin is trading in its thinnest price concentration zone, indicating a potential period of extended consolidation. Analysis suggests a lack of significant supply or demand walls could keep BTC price action bounded between $70,000 and $80,000. This consolidation phase is viewed by some analysts as a healthy pause following the previous rally, allowing the market to build a stronger foundation for its next major move. Market participants are closely watching these key levels for a breakout signal.