When $BTC Becomes Interesting
Keeping an Open Mind
Yesterday I wrote a post about preferring the Gold trade vs Bitcoin.
As a follow-up, here are some quick thoughts on where $BTC becomes of interest to me. The orange trend lines depicted below represent anchored vwap’s from recent highs. They seem to be representing relevant touch points in this current price action, and to me, the AVWAP from November ‘21 is the level I’d need to see it cross and hold to believe that the buyers are truly back in control.
