Aug 17, 2021

1 min read

Keeping above VG ~5

BTC: $45,985
OBTC: $26,548
VG: 5.69

At this point, we’ve been above VG ~5 for over a week. We can very likely invalidate a multi-year bear market from the $64K peak. There are no historical patterns quite like what we’ve seen over the last 4–5 months or so. However, keeping above VG ~5 is a positive sign. Any sideways movement here is healthy. As mentioned, breaking VG ~7 is where things start to heat up. Currently, that corresponds to $55,500, but as OBTC is going up, this will increase systematically.