Crypto: Bitcoin 2024 Buyers Steady BTC Price As Trader Sees $52k 'next Week...

Two-year Bitcoin hodlers "absorbed" seller pressure in recent weeks, according to new research, but most analysts still expect new macro BTC price lows.

New analysis suggests that Bitcoin (BTC) is “relying” on early 2024 buyers as its price action stalls below $70,000.

Bitcoin buyers from early 2024 are in focus as a giant potential safety net for BTC price.

Their cost basis extends down to $60,000, and a major capitulation has not yet happened.

New macro BTC price lows remain a popular near-term bet.

In the latest edition of its weekly newsletter, “The Week Onchain,” crypto analytics platform Glassnode said that BTC price was in a “dense demand zone.”

As BTC/USD treads water around 45% below its October 2025 all-time highs, buyers from long before that event are holding up the market.

Their importance has become much more noticeable since Bitcoin dropped below its true market mean price near $80,000.

“A closer inspection of price behavior since the breakdown below the True Market Mean indicates that downside pressure has largely been absorbed within a dense demand zone between $60k and $69k,” Glassnode summarized.

Researchers referenced the seven-month consolidation structure that characterized much of 2024, and which itself placed old all-time highs of $69,000 from late 2021 in focus.

Source: CoinTelegraph