Bitcoin is currently trading above key reference levels, excluding the ETF cost zone. The nearest zone is the 350-day moving average, currently around $79K. We can consider this the closest support area. When BTC rose above $80K in May, it touched the ETF average cost zone twice, followed by a correction. Additionally, ETF selling pressure emerged in that region, reinforcing the price decline. Now, due to excessive focus on the $82–84K range—technically a significant interval—the price has not revisited the ETF cost zone. It’s been an unfavorable alignment. :) But if the ETF cost zone is tested again this time, I believe it will be broken—price should no longer get stuck in this region.
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