Data: Approximately 7 million addresses purchased Bitcoin in the range of $61,700 to $70,500

Foresight News reports, according to IntoTheBlock data, about 7 million addresses purchased Bitcoin in the range of $61,700 to $70,500. As a large number of traders are at a loss in this price range, there is continuous selling pressure whenever the price of Bitcoin approaches this level as many investors seek to recover their costs. Bitcoin needs strong momentum to break through this trend and reach new highs.