#Bitcoin remains above the spot ETF cost basis — testing this region as a floor is highly positive for continuation of ongoing trend reversal
This type of movement is exactly what we want to see in a reversal scenario — former resistance level holding below the #BTC price
ETF Cost Basis Aggregate🟠 currently stands at ~$73k — a level that has not yet been tested since the breakout about two months ago.
In my view, a direct test of the price at this level is extremely positive and necessary to confirm structure/breakdown. #BTC Price Analysis# #Macro Insights# #ETF $BTC
This type of movement is exactly what we want to see in a reversal scenario — former resistance level holding below the #BTC price
ETF Cost Basis Aggregate🟠 currently stands at ~$73k — a level that has not yet been tested since the breakout about two months ago.
In my view, a direct test of the price at this level is extremely positive and necessary to confirm structure/breakdown. #BTC Price Analysis# #Macro Insights# #ETF $BTC