Bitcoin hit a new all-time high of $73,620 on Binance on October 29. After that, the price rolled back from the $70K level, which may indicate a short-term correction.

Data from Realized Price - UTXO Age Bands shows that the average cost of buying Bitcoin in the last week is $69,549-$70,733. If the price falls to $63K-$66K, profit-locking selling from buyers at lower levels and panic selling from new investors is possible.

It is important to determine the level of support in the coming days to understand the future trajectory of the market.