BTC: $35,720
OBTC: $25,495
VG: 3.84
It’s been a quiet week for BTC. Not much to add here, still mildly leaning on my assessment from two weeks ago:
On the balance of evidence, my very speculative conclusion is that the most likely scenario is sideways movement and a slow grind up towards prior ATHs.
If that sounds familiar, it’s because, yes, I copy-pasted that from last week’s update, which in turn copied that quote from two weeks ago. We’re continuing to hover in the broad VG 3.5 to VG 5.0 range. Again, this is an unprecedented profile from BTC’s history, so we can’t reach any confident inference.
