Bitcoin is testing the $81,000 spot ETF cost basis, a level that previously capped the May rally before BTC suffered a deeper correction.
The same zone also came into play during last week’s downside sweep, making it an important level for traders to watch.
A convincing close below $81K could open the door to a move toward the mid $70K range. But if BTC holds and reclaims this level, buyers may prevent another deeper pullback.
BTC is at a critical point.
$BTC
The same zone also came into play during last week’s downside sweep, making it an important level for traders to watch.
A convincing close below $81K could open the door to a move toward the mid $70K range. But if BTC holds and reclaims this level, buyers may prevent another deeper pullback.
BTC is at a critical point.
$BTC