Bitcoin’s next key test is near $81.5K.

$BTC remains above the True Market Mean near $78K and the Short-Term Holder Cost Basis, keeping the broader structure constructive.

But the US Spot ETF Cost Basis is the level to watch.

BTC has reclaimed this zone after dipping below it twice in October.

A daily close below $81.5K could put the average US spot ETF holder underwater and weaken the nearest support.

Will BTC hold this level or lose it?

#BTC #Bitcoin #Crypto #EarningsSeason