Over VG 5! Can it hold?

OBTC
Aug 1, 2021

BTC: $41,793
OBTC: $25,884
VG: 5.12

Apologize for the repetition — but over the last 2.5 months it’s been about one question — can we break above VG 5? The answer is, we have just done so, albeit barely. The next question is if this holds? As always, we’ll need to give it some time. A decisive new bull trend lies at VG ~7 and above, which is currently at $54,000.

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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