Bitcoin has begun to fill its price gap in the $72,000 to $80,000 range, according to on-chain data analyst Murphy. This range, previously described as "cursed" due to rapid price movements, saw insufficient position rotation, leading to a structural fracture in Bitcoin's distribution. Recent trading activity has narrowed the gap to $78,000–$80,000, with approximately 200,000 BTC exchanged between $76,000 and $77,000 on April 17–18, indicating a restoration of market confidence.
The accumulation zone between $63,000 and $68,000 has remained intact during recent volatility, and the upper gap has been successfully filled. This development increases the likelihood that the $63,000 to $68,000 range will serve as a support zone, facilitating the formation of a bottom structure as market confidence improves.
Bitcoin Fills Price Gap Above $72,000 Amid Rising Market Confidence
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