At the jaws of VG ~5

OBTC
Jul 29, 2021

BTC: $39,939
OBTC: $25,529
VG: 4.85

We’re hovering right below VG ~5. As mentioned several times before, this is our pivotal point where we exit no man’s land into a bullish trend. Since the big correction in May, we’ve been rejected off VG ~5 multiple times fairly quickly, though this time, we’re staying in this zone for 3 days now. We’ll have to wait and see if we continue in the range under VG ~5, or we can decisively break it to the upside.

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OBTC

OBTC is an attempt to value BTC using on-chain activity. I’m just a bitcoin investor, not a professional quant, please do not take this conjecture too seriously