Bitcoin Price Struggles Amid $65K-$67K Bottleneck

The price of Bitcoin has been stuck in the $65K-$67K range for some time, causing tension between bulls and bears. Despite strong demand, a sustained bullish trend reversal is yet to be seen.

A recent spike in taker buyer volume on Binance was not enough to overcome limit sell orders, leading to short-term price dips towards $64K.

The $65K-$67K zone is crucial for determining the next price move. To shift the trend positively, fresh capital inflows may be needed to catalyze a BTC move higher.

Long-term holder cost basis stands at $49.3K, while short-term holders' cost basis is at $67.5K. A price move past $67.5K and an LTH SOPR above 1 could signal a potential trend shift.