Why This Is a High-Timeframe Bitcoin Demand Zone: The 70K–60K Pocket, 2024 VWAP, and the Signal I’m Waiting For
Bitcoin has finally tagged the zone that’s been on the radar for months: the 70K “value area high” and the broader 70K–60K range. This isn’t a random support guess — it’s a location defined by volume structure (VRVP), high-timeframe supply/demand, and a major anchored 2024 VWAP acceptance signal.
The goal now isn’t to call a one-candle bottom. The goal is to understand where bids make sense, what “acceptance” actually means, and what evidence would confirm that a multi-week / multi-month base is forming for the next leg higher.
THE BITCOIN LEVEL I CALLED FOR MONTHS JUST HIT – HERE’S WHERE I’M BUYING!
The Big Picture: 70K–60K Is a High-Timeframe Demand Pocket
Zoom out and treat this as a composite range: a large sideways bracket that existed before a major markup. Price exploded out of that bracket, and now it’s coming back to the region where real two-way business previously occurred.
Why it matters
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The market left this area with force (expansion).
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Markets often return to prior “decision zones” to retest liquidity, refill inefficiencies, and rebuild a base.
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This is why the 70K–60K region is attractive: it’s a place where a bottom can form, not a promise that it will.
The VRVP Gap and the “High Volume Node” Magnet
A key concept here is the VRVP (Volume Range / Volume Profile) structure.
The setup
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There was a volume inefficiency / gap above (thin traded area).
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Below it, you can see the next high-volume node forming in the highlighted region.
The takeaway
Markets dislike leaving empty pockets. When price moves through an area quickly, it often returns to:
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Fill the VRVP gap
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Trade back into the high-volume node
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Re-establish “fair value” before deciding on the next trend leg
That’s why this move into 70K isn’t “game over.” It’s the market coming back to do unfinished business.
The “True” Order Block: 65.8K Down Toward 48K (But Don’t Anchor to Extremes)
If you trade order blocks, the “true” block is lower — roughly 65.8K down toward ~48K.
The important nuance:
You don’t need to believe we’re going to 48K to respect that the broader pocket exists.
A practical framework:
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Primary focus: 70K–60K (where bids make sense)
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Key line in the sand: ~65.8K (major level that can be swept)
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Tail risk: deeper rotation into the 50K zone (possible, not required)
In other words: plan for volatility, don’t marry a number.
2024 VWAP: Why “Acceptance” Changes the Game
One of the strongest points in your transcript is this: 2024 VWAP.
VWAP isn’t magic — but it’s a powerful institutional “fair price” reference. When price gets back into a VWAP-defined value region, the question becomes:
Do we get acceptance or rejection?
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Acceptance: price spends time inside the value area, trades both sides, builds volume = rotation potential higher
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Rejection: quick pop into value, then sharp push out = range remains bearish / continuation lower possible
A realistic path:
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Bounce toward 80K
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Rejection near value / resistance
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Retest deeper levels (often 65K-ish) before a more durable base forms
Why Big Bitcoin Moves Usually Need Long Consolidation
The transcript nails a market truth:
Markets spend ~80% of the time ranging and ~20% trending.
Bitcoin just had a large expansion leg down. Expansion legs typically require a “pit stop”:
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Volatility compresses
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Price brackets
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Time, not just price, does the work
That’s why the most probable outcome is not an instant V-reversal to all-time highs — it’s multi-week to multi-month consolidation somewhere inside this 70K–60K region (with potential wicks below).
Weekly RSI: Oversold Isn’t the Signal — Divergence Is
You’re clear about something that helps a lot of newer traders:
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Oversold RSI ≠ buy signal
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Divergences matter more
What stands out:
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Weekly RSI is at its lowest levels since August 2022
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Last time we lived down there, we eventually formed a multi-month bullish divergence, which preceded the next sustained markup
The signal you’re waiting for
A classic weekly bullish divergence structure:
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Price makes a lower low
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RSI makes a higher low
That’s a patience trade. It can take weeks or months — but it’s a higher-confidence “right side of the V” confirmation.
“Right Side of the V” vs Catching the Knife
This is a practical psychological edge:
Two traders can buy the same price.
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One buys while price is falling → stress, underwater, fear
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One buys as structure flips → momentum, confirmation, less pain
If you’re trading (not long-term DCA), waiting for structure to flip is often cleaner.
The Intraday Framework: Reclaim Levels Instead of Guessing Bottoms
On the H1, price has been capped since the prior high region, and a simple approach is:
Watch for reclaim of ~74K (example level from your notes)
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The H1 trend has been respected
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A reclaim in-line with trend gives a cleaner “go” signal for a bounce trade
Then the rotation map becomes:
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Trade toward the next resistance
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If it blasts through, target the next volume gap region
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84K–84.5K becomes a logical first higher-timeframe take-profit zone (a key rotation target and value test)
USDT Dominance: The Risk-On / Risk-Off Barometer
Your point here is huge: stablecoin dominance rising = risk-off.
When USDT dominance trends up, it often means:
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Capital is parking in stables
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Risk assets (alts + often BTC) struggle
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You don’t need to rush deployment
What you want to see:
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USDT dominance topping behavior
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Potential divergence on lower timeframes (12H / 4H)
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Confirmation alongside BTC reclaiming key levels and trends
That confluence is when “wait and observe” becomes “deploy with intent.”
Practical Plan Summary (From the Transcript)
If you’re investing / accumulating
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Treat 70K–60K as the accumulation pocket
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Scale in slowly (DCA), don’t full-stack instantly
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Expect chop and time-based basing
If you’re trading
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Wait for level + trend reclaim (example: ~74K with H1 trend)
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Target the first major rotation area around ~84K
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Stay flexible: bounces can fail and become new lower highs
What confirms the bottom thesis
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Weekly RSI divergence (price lower low / RSI higher low)
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(Even better) double divergence with another oscillator
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USDT dominance topping + BTC trend/level reclaims
Final Thought
This isn’t about predicting “the bottom.” It’s about recognizing that this is the first high-quality demand pocket after a major expansion move — and markets usually need time and structure before they launch the next leg.