The premier crypto asset, Bitcoin, consolidates near its past peak, as data shows over 320K active addresses engaged within the current range.

Bitcoin began the week on a strong note, reaching a multi-month peak of $69,500, though it fell short of hitting the crucial $70,000 mark. The cryptocurrency is now trading 7.37% below its all-time high of $73,737, recorded on March 14, 2024. 

Notably, IntoTheBlock’s data indicates high engagement among Bitcoin addresses near its previous all-time high, with over 320,000 active addresses interacting within this price range. Of these active addresses, about 220,000 have an average purchase price of $68,500. This suggests a strong base of support, as many investors hold profitable positions at this level. Notably, profitability remains evident across all buy ranges above $60,000, indicating confidence among long-term holders. 

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