On-chain analyst Sunny Mom at CryptoQuant is pointing to Bitcoin HODL Waves data as evidence that this cycle's bottom could form somewhere in the $65,900–$70,500 range. HODL Waves track the age distribution of unspent transaction outputs, giving analysts a window into when long-term holders are accumulating versus distributing.
The $65.9K–$70.5K band aligns with a zone where previous-cycle holders historically stopped moving coins — a pattern that in prior cycles marked the point of maximum long-term conviction before the next leg higher.
For active traders and long-term allocators alike, the read is straightforward: if price revisits that range and on-chain age bands hold their structure, the data would support treating it as a strategic accumulation window rather than a breakdown.
Frequently asked questions
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What historical patterns support the $65.9K–$70.5K range as a potential bottom for Bitcoin?
Previous cycles have shown that holders typically stop moving coins in this range, indicating maximum long-term conviction before price increases.
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How do HODL Waves help in predicting Bitcoin's price movements?
HODL Waves track the age distribution of unspent transaction outputs, providing insights into the behavior of long-term holders during market cycles.
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