# Bitcoin’s Twice-Tested Support: What’s Below If It Breaks?

> Glassnode said Bitcoin found support twice at its ETF cost basis around $81,500, identifying $77,500 as the next key level to watch below this zone. According to an assessment by…

**Glassnode said Bitcoin found support twice at its ETF cost basis around $81,500, identifying $77,500 as the next key level to watch below this zone.**

According to an assessment by on-chain analytics platform **Glassnode**, the price of [Bitcoin](https://koinbulteni.com/btc-bitcoin) spent much of the year **below the ETF cost basis around $81,500**. The rally in May also stalled just below this threshold.

In recent price action, however, the same zone **acted as support twice**. As a result, the level that had previously capped the rally prompted upward price reactions this time.

### $77,500 in focus below $81,500

Glassnode points to **$77,500** as the next key zone below this support. This level corresponds to the market indicator the firm calls the **True Market Mean**.

The analysis focuses on whether Bitcoin can hold above the threshold it previously struggled to clear. **$77,500** is presented as a level to watch below the support; no prediction is made that the price will necessarily fall to it.