An analyst has explained how the current Bitcoin surge appears to have hit the halfway completion mark if this indicator is to go by.
Bitcoin VWAP Oscillator Suggests BTC Rally Only Halfway Done
In a new post on X, analyst Willy Woo has posted an update for how the Bitcoin Volume Weighted Average Price (VWAP) Oscillator is looking like after the latest rally.
The VWAP is an indicator that, as its full form suggests, calculates an average price for the cryptocurrency based on not just the changes in the price over the day but also the volume that was traded at these prices.
Related Reading
Normally, this volume is measured using the spot volume data provided by centralized exchanges. Still, in the case of Bitcoin, the blockchain is available for anyone to explore, so on-chain volume is used to calculate the VWAP instead.
The VWAP Oscillator, which is the actual metric of interest here, takes the ratio between…
