Viewpoint: Bitcoin has found support at $81,500 on two occasions, with its next key support level standing at $77,500.

Glassnode stated in a report that Bitcoin has rebounded near the cost basis of spot Bitcoin ETFs. For most of this year, Bitcoin’s price has remained below this level, and its May rally stalled before reaching it. So far, this level has acted as support twice around $81,500. If the price breaks below this level, the next key support will be the real market average around $77,500.

@tonmelonfest