$BTC - Close Consistently Above The 50DMA = $8000 on horizon

BTCUSD

As mentioned in my YouTube video yesterday provided we see BTC closing above the 50 Day Moving Average we're likely to see price bounce and have a run towards $8000, however seeing the most recent price action it seems we will see further downside if we break below "The Level of Last Resort" $6700 as seen on the chart as the POC when looking at the VPVR indicator.