TA is insane...


Taking a VWAP and fixed range volume profile from the significant March 2024 high (first pre-halving ATH) in BTCs history, we can establish the following analysis.
1. Bitcoin rejected the VAH in January's lower high (never having a weekly close above 94k).
2. Bitcoin rejected the VWAP on May 11th after using it as support in late 2025 (therefore now resistance).
3. Point of control is at 67.5k (likely a target in the coming weeks).
4. Bitcoin bounced from the first SD of VWAP throughout March, never putting in a weekly close below that support.
5. VAL sits exactly in the golden pocket from the 2022 bear market lows to the current ATH (~$56k).
6. Bitcoin rejected the 100W moving average with the 200W moving average around $69k, likely to be tested sooner rather than later.
Bulls would want BTC to flip this VWAP and see a spike in volume, as alluded to in previous analysis, this whole bounce from February has had a decline in daily volume - not traditional of a bear market bottom.
Bears comfortably in control here based on this analysis alone, plus a myriad of other on chain metrics, TA and analysis.
BTC-2.1%
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