OBTC

Jun 28, 2021

1 min read

W/e 27th June 2021

BTC: $34,506
OBTC: $24,976
VG: 3.63

It’s been 40 days in this range. Pretty much nothing else to add right now. As a reminder, our target to look out for is VG ~5, which is currently at $40,400. On the other side, $25,000 is VG 0, and anything under that signals a negative VG, a complete capitulation and no-brainer buys. In this range, we continue to be in “no man’s land” without any real precedence from Bitcoin’s very limited history. Could be a fairly good time, if not the best (see above), to accumulate if you’re in for the long haul, though.