Bitcoin remains steady around $69k, thanks to a significant demand zone between $66.9k and $68.9k.
The $70,000 mark remains a significant barrier for Bitcoin, yet recent data indicates that bitcoin is maintaining stability at its current price and may soon embark on another upward movement.
A recent analysis by IntoTheBlock reveals that BTC has maintained a stable price of around $69,000, which stability is mainly due to a strong demand zone between $66,900 and $68,900. While Ethereum (ETH) experienced a slight increase of 0.5% to reach $3,813, the global crypto market cap saw a rise of 1.2% to approximately $2.56 trillion over the last 24 hours.
More than two million addresses in this range have accumulated 1.1 million BTC, demonstrating substantial interest and activity among traders.
According to data, the concentrated buying activity reflects significant interest and engagement among traders, which creates a strong support level, helping bitcoin maintain its current valuation despite market swings. The significant demand zone is a crucial buffer, reflecting trader confidence and investment at these price levels.
According to an X post, “Bitcoin remains steady around $69k, thanks to a significant demand zone between $66.9k and $68.9k. In this range, over two million addresses have accumulated a total of 1.1 million BTC, highlighting a significant level of interest and activity among traders.”
Bitcoin’s Bull Run Could Hit $130K-$150K
General investor sentiment seems bullish, with famous crypto trader Peter Brandt forecasting that bitcoin’s current bull run could hit between $130,000 to $150,000 by late August to September 2025. His prediction is based on historical patterns following previous BTC halving events. Notable developments in the digital asset ecosystem further fuel the bullish momentum.
Over the past 24 hours, Bitcoin’s market capitalization has climbed to $1.361 trillion. According to CyptocurrenciesToWatch, the 24-hour trading volume is $29.65 billion.
