Using the 12 month VWAP as a baseline, the average pullback in the BTC price run-up of 2016-2017 was ~34%. The most current pullback satisfies this condition. Although semi-anecdotal it could indicate that more consolidation is ahead before another impulse up.
Also judging by the 2017 run, the first several impulses averaged +116%. The current impulse registered at +135%. The next impulse could be expected to go as high as ~$16,000 price range before another pullback.
Maximum impulse percentage above the 12M VWAP came in at ~400% in both 2014 and 2017 peak highs.
Also judging by the 2017 run, the first several impulses averaged +116%. The current impulse registered at +135%. The next impulse could be expected to go as high as ~$16,000 price range before another pullback.
Maximum impulse percentage above the 12M VWAP came in at ~400% in both 2014 and 2017 peak highs.
