Analysts See Bitcoin Stuck in $60K–$80K Range for Months as Long-Term Holder Selling Wanes

Bitcoin slipped back under $70,000 on Wednesday after briefly trading higher, with analysts expecting an extended consolidation phase in a broad range between $60,000 and $80,000. On-chain data show long-term holder activity has dropped to levels associated with bear markets, easing selling pressure but reinforcing a sideways trend. Multiple technical indicators, including repeated rejections near $71,000 and a declining bull market support band, point to a prolonged period of range-bound price action.