Bitcoin Breaks Through $64,300: The $60,000–$70,000 Zone Becomes the Third Most Traded Corridor in History, as Momentum Turns Green
Bitcoin has just delivered a performance that is capturing the attention of the entire crypto industry. On Thursday, July 10, 2026, the leading cryptocurrency reached a new three-week high of $64,300 on Binance, sparking a measured but tangible wave of optimism among technical analysts. At the time of writing, BTC is trading around $63,950, while ether (ETH) hovers near $1,791, according to Binance data recorded at 6:00 PM UTC. This upward move comes in a particular macroeconomic context, driven by several catalysts that finally appear aligned in favor of digital assets.
The $60,000–$70,000 Corridor Enters the History Books
The most striking piece of news from this trading day is undoubtedly the ascent of the $60,000–$70,000 range to the status of the third most traded price zone in bitcoin’s history. After 307 consecutive days of consolidation within this range, the accumulated trading volume in this corridor now surpasses that of almost all other price brackets, except for two major historical zones. This phenomenon carries immense weight for technical analysis: a range that has seen such dense trading activity constitutes a support zone of rare solidity. Every transaction executed within this bracket represents an agreement between buyers and sellers, and when the price revisits an area where vast volumes have already changed hands, the probability of a significant reaction increases considerably.
The 307 days spent inside this corridor are far from insignificant. They testify to a gradual maturation of the market and a silent accumulation that has smoothed out excessive volatility. Unlike narrower ranges that often precede explosive moves to the upside or downside, this $10,000-wide corridor has provided a sufficiently vast playing field for both institutional players and retail traders to position substantial volumes without triggering brutal imbalances. The fact that this zone has become the third most traded in bitcoin’s entire history is a strong structural signal: it indicates that the market has built, brick by brick, a foundation capable of absorbing significant shocks.
The Momentum Gauge Flashes Green
A second major technical signal has reinforced the bullish thesis: the momentum gauge, a composite indicator monitored by numerous analysts to assess the underlying strength of a move, has turned green. This change in status comes after several weeks of neutral signals that left uncertainty hanging over the direction to take. When the momentum gauge turns green, it does not simply confirm the ongoing uptrend: it signals that market conditions are now favorable for a continuation of the move in the same direction, with a statistically higher probability of reaching new highs in the medium term.
This signal is all the more significant because it follows a prolonged consolidation period that has filtered out weak positions. The most widely used momentum gauges in bitcoin on-chain and technical analysis incorporate multiple dimensions: price momentum, exchange flows, active address activity, and market sentiment data. A simultaneous green light across all these sub-components is a relatively rare event that deserves to be highlighted. In the past, comparable signals have often preceded extended bullish phases, although no correlation is ever perfect for an asset as volatile as bitcoin.
Selling Pressure on Coinbase Eases
A third factor is playing in favor of a continuation of the upward movement: selling pressure on Coinbase, one of the leading U.S. exchanges, is noticeably diminishing. Flow data shows that bitcoin outflows to exchanges — often interpreted as a sign of impending selling — have slowed significantly in recent days. Conversely, withdrawals from Coinbase to cold storage have increased, suggesting that long-term holders are regaining confidence and choosing to retain their positions rather than liquidate them.
This development is crucial in the current dynamic: for most of the spring and early summer of 2026, persistent selling pressure on Coinbase acted as an invisible ceiling, preventing bitcoin from sustainably breaking above the $65,000 mark. Each breakout attempt ran into selling flows that pushed the price back into the range. The easing of this pressure could therefore remove a major mechanical obstacle and allow bitcoin to test price zones that have remained unexplored for several months.
Macro Catalysts: The Chip Rally and the Yen
Beyond the technical signals, two macroeconomic catalysts are supporting bitcoin’s move. The first is the rally in technology stocks, especially in the semiconductor...
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