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@SamCrypto_Mastervip

In August, the debate was whether the rally was only a short squeeze. Now that price is above the cost bases that held it back this year, the question is how far it can go. Last week, this report marked a cluster of long-term holder supply as the ceiling, with a large block of call options just above it. Price now trades above both.

The biggest cluster of long-term holder supply sits at $84K-$85K, just below price. The next major resistance is the mean MVRV price at $96.7K. It is the Realized Price multiplied by Bitcoin's long-term average MVRV, and it marks where the average holder's profit is back to its long-term norm. Buyers from one to two years ago, near the top of the range, also break even close to that level.

On the downside, the True Market Mean at $77K is the main support. If price holds above $84K, the way to $96.7K stays open. A drop back below $84K would bring $77K back into view.

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@SamCrypto_Mastervip

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@SamCrypto_Mastervip

#BTC took a break and has now started moving up. Identifying patterns early will help us anticipate this type of move in the future. The price is now on the verge of creating a new higher high, and we have #NFP on the way (tomorrow). We need to see some strong fundamentals to hit the $90,000 area.

Uptober is about to get explosive.

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