CryptoQuant Analyst: Bitcoin Range Narrows Between $71.3K Support and $79.8K Resistance

The framing here matters more than the levels: the analyst is reading on-chain cost-basis bands as a compression setup, with the same two reference points having acted as a launchpad in the prior cycle. That makes this a structural observation about where holders are positioned, not a directional call, and it puts the emphasis on whether the range keeps tightening or resolves. The open question is whether the historical analogy holds at all — 2023 comparisons assume similar holder behavior, which is exactly what the narrowing range is testing.