Quick Take
Bitcoin is currently hovering around $35,000, showcasing a remarkable year-to-date increase of over 100%. This surge has piqued interest in its trading patterns across various price ranges. When we break down the data in $5,000 intervals, which offer a clearer visual representation than $1,000 intervals, certain trends emerge.
The majority of Bitcoin’s trading history, 2782 days to be precise, falls within the $0 to $5,000 range. This is followed by 2387 days in the $0 to $1,000 range. Given Bitcoin’s early days as a pioneering asset, its prolonged presence in these lower price brackets is expected.
In the $5,000 to $10,000 range, Bitcoin has seen 716 trading days. This highlights a consistent pattern: as the price brackets increase by $5,000, Bitcoin tends to have fewer trading days within them. For instance, in the $35,000 to $40,000 and $30,000 to $35,000 brackets, Bitcoin has recorded 107 and 109 trading days, respectively.
| Price Range ($) | Number of Days |
|---|---|
| $0 – $5000 | 2782 |
| $5000 – $10000 | 716 |
| $10000 – $15000 | 245 |
| $15000 – $20000 | 183 |
| $20000 – $25000 | 165 |
| $25000 – $30000 | 218 |
| $30000 – $35000 | 109 |
| $35000 – $40000 | 107 |
| $40000 – $45000 | 94 |
| $45000 – $50000 | 97 |
| $50000 – $55000 | 39 |
| $55000 – $60000 | 65 |
| $60000 – $65000 | 36 |
| $65000 – $70000 | 4 |
The post Bitcoin spent 2,782 days under $5,000 appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-spent-2782-days-under-5000/