Bitcoin’s on-chain trading activity in the $62,000–$65,000 range has climbed to its highest level on record outside the network’s earliest days, according to data shared by crypto analytics platform Unfolded. The volume profile shows an unprecedented concentration of BTC changing hands in this band, which previously served as a major consolidation zone during the 2021 bull market. Analysts view this as a potential strong support area because high-volume price levels often act as magnets and foundations when price revisits them.
At the same time, analysts from Bitfinex warn that Bitcoin is testing a crucial resistance zone between $64,000 and $65,000. They caution that a broader pullback in risk assets could drag Bitcoin lower, with sellers actively defending the top of the range. The market remains in a tug-of-war, and the lack of a confirmed catalyst leaves sentiment sensitive to technical levels. Bitcoin has swung between $15,000 and $73,000 over the past year, reinforcing the psychological and technical significance of this zone.
While Unfolded’s data offers a data-driven argument for accumulation and stop-loss positioning near $62,000–$65,000, the Bitfinex note highlights downside risks if buyers fail to reclaim $65,000. Traders are advised to monitor the range closely, as a breakout could signal bullish momentum, while a rejection may invite further declines.
