Bitcoin Price Expected to Experience Increased Volatility in $70K–$80K Range

The price of bitcoin has dipped below $75,000 twice in the past week, extending its decline from the all-time high of $109,000 reached on January 20. Key points include:

Bitcoin is currently in an “air pocket” between $70,000 and $80,000.
This range was created after a surge following Donald Trump's election victory.
Historically, bitcoin often returns to key levels after significant rallies without consolidation.
Low supply in this range suggests increased likelihood of rapid price movements.
Bitcoin's unspent transaction output (UTXO) indicates low supply at current price levels.
Less than 2% of total bitcoin supply resides within the air pocket range.
Approximately 25% of bitcoin's supply is held at a loss by short-term holders who bought within the last 155 days.