POPA Recon$BTC has bounced off the ETF cost basis.
$BTC has bounced off the ETF cost basis. Price spent most of this year below that level, and the May rally stalled right under it. It has now held twice as support around $81.5k. Below it, the next major level is the True Market Mean at $77.5k.
The excerpt is quoted from a public Telegram channel, which owns its text.