Bitcoin Is Testing a Critical Level Again
Bitcoin is back near the $81,000 cost basis of US spot Bitcoin ETFs, according to Glassnode.
→ A sustained close below this level could weaken market sentiment and bring the mid-$70,000 range back into focus.
→ If BTC holds above this zone, buyers may have a chance to defend the current structure.
The $81K level is worth watching closely. The next move will depend on whether buyers can hold this area or sellers gain control.
#BinancePick $BTC
Bitcoin is back near the $81,000 cost basis of US spot Bitcoin ETFs, according to Glassnode.
→ A sustained close below this level could weaken market sentiment and bring the mid-$70,000 range back into focus.
→ If BTC holds above this zone, buyers may have a chance to defend the current structure.
The $81K level is worth watching closely. The next move will depend on whether buyers can hold this area or sellers gain control.
#BinancePick $BTC