Bitcoin (BTC) has reached a significant historical milestone, trading at a price level higher than 94% of all days in its 6,230-day existence. According to data, BTC has only traded above its current price on 355 days, underscoring the asset's long-term appreciation and the value of holding for long-term investors.
This statistic provides a powerful perspective on market timing and investor conviction. It indicates that anyone who purchased and held Bitcoin at any point during that 94% of its history would now be in profit. The data reinforces Bitcoin's resilience and consistent upward trend over the years, despite its well-known volatility.
However, this historic high comes as Bitcoin's price action shows signs of consolidation. Analysts note that BTC is currently moving in a tight sideways range, capped below a major resistance zone between $91,000 and $95,500. This area has repeatedly rejected price advances over recent weeks. For a more decisive bullish move toward levels like $100,000, a clean break and sustained hold above the $95,500 resistance is required.
In the short term, Bitcoin is trading between near-term resistance around $89,600 to $91,600 and support between $87,900 and $88,800. This narrow range reflects market hesitation. While a break above $91,600 could signal a short-term bounce, analysts caution it would not confirm a larger trend reversal. The risk of another dip remains before a potential broader recovery, keeping the market in a wait-and-see mode with clearer direction expected later in the weekend or early next week.
