Jul 29, 2021

1 min read

At the jaws of VG ~5

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.