The chart attached to the analysis presents two nearly identical subsections. The first distribution range played out between roughly the mid-$80,000 region and the low-$90,000s between November 2025 and January 2026.
This move eventually concluded with Bitcoin pushing higher, touching highs around $96,000, failing to accept above the range, and then breaking down towards the lower end of the range. That decline led into a break below the low support level that eventually dragged the price to as low as $63,000 in early February.
