Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[gentlemand]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

I think it's mainly, and wrongheadedly, to do with all this fork shit. People want their freebies even though it'll probably cancel whatever benefits there are out. Once that's out the way the price will fall back.

[1715697425]

1715697425

[1715697425]

1715697425

[BitcoinNewsMagazine]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

I think we still have a ways to go. The last two ATHs coincided with weekly RSI over 95. This week RSI is only 79.49. The next two Fibonacci extension levels to watch closely for topping behaviour are $7079 and $11360.

[conspirosphere.tk]

Here's another one for a top before 6800. But what's even more interesting is where the next drop is expected to fall:

[bitcoinPsycho]

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█▀▀ █░░█ █░▀░█ █░░█
▀░░ ▀▀▀▀ ▀░░░▀ ▀▀▀▀
bull run

[Torque]

I remember Coinbase hitting 10M accounts like 4-6 weeks ago.

I just checked again and, holy crap, they're up to 11.3M accounts. That's 1.3M accounts added since. 

[Last of the V8s]

[Icygreen]

is this the s-curve take off?

I don't think bitcoin has even left the runway yet.  When gold shops in SE Asia start accepting Bitcoin in exchange for fiat, that will be the boarding call.

[Wekkel]

Here's another one for a top before 6800. But what's even more interesting is where the next drop is expected to fall:

Ending too soon. It will only become tricky once BTC price doubles in 1 week. Wait for it 

[Torque]

is this the s-curve take off?

I don't think bitcoin has even left the runway yet.  When gold shops in SE Asia start accepting Bitcoin in exchange for fiat, that will be the boarding call.

Yeah, for some reason I'm feeling like we're still 3-5 years away. Financial institutions and other companies haven't capitulated and started integrating Bitcoin payments and services yet. That's when you'll know it's happening. It happened that way with the Internet (yr 1995 - still an obscure niche geek hobby thing, yr 2000 - it was an exploding white collar tech industry).

Also, the public has to firmly leave all these stupid contentious fork attempts behind, and just ignore them. Industry won't touch Bitcoin until there is majority public consensus around that. Same with alt coins and tokens, eventually they need to be regarded by the public as the garbage penny stocks they are.

Again, that all happened with the open Internet when private corporate Intranets eventually failed and got left in the dust.

[Icygreen]

is this the s-curve take off?

I don't think bitcoin has even left the runway yet.  When gold shops in SE Asia start accepting Bitcoin in exchange for fiat, that will be the boarding call.

Yeah, for some reason I'm feeling like we're still 3-5 years away. Financial institutions and other companies haven't capitulated and started integrating Bitcoin payments and services yet. That's when you'll know it's happening. It happened that way with the Internet (yr 1995 - still an obscure niche geek hobby thing, yr 2000 - it was an exploding tech industry).

Also, the public has to firmly leave all these stupid contentious fork attempts behind, and just ignore them. Industry won't touch Bitcoin until there is majority public consensus around that. Again, that happened with the Internet when private corporate Intranets eventually failed and got left in the dust.

Yep, it feels like 1995 (niche geeks and their bitty coin haha)  I'm leaving for my winter home in Vietnam in 2 weeks and I'll be asking all the money exchanges if they accept Bitcoin. I think its only a matter of time.
Good point on forks and alts although I'm not sure it will take 3-5 years. People will probably wise up a lot faster this time because of the internet and speed in which people follow trends.

[gembitz]

https://twitter.com/SatoshiLite/status/921701035491573761

Charlie Lee [NO2X]‏
@SatoshiLite

My trade with Roger Ver is all set. Here are the terms we agreed to. Let the chips fall where they may! 🚀

i'm going to laugh when 2mb blocks start printing :-D weeeee

[pfrtlpfmpf]

 I think, theres no TA applicable here, it`s all emotions, for the moment .

[Denker]

is this the s-curve take off?

I don't think bitcoin has even left the runway yet.  When gold shops in SE Asia start accepting Bitcoin in exchange for fiat, that will be the boarding call.

Yeah, for some reason I'm feeling like we're still 3-5 years away. Financial institutions and other companies haven't capitulated and started integrating Bitcoin payments and services yet. That's when you'll know it's happening. It happened that way with the Internet (yr 1995 - still an obscure niche geek hobby thing, yr 2000 - it was an exploding white collar tech industry).

Also, the public has to firmly leave all these stupid contentious fork attempts behind, and just ignore them. Industry won't touch Bitcoin until there is majority public consensus around that. Same with alt coins and tokens, eventually they need to be regarded by the public as the garbage penny stocks they are.

Again, that all happened with the open Internet when private corporate Intranets eventually failed and got left in the dust.

I agree. I think after halving 2020 with the next insanely upwards move we will be ready for the next big step in terms of adoption and general acceptance. Until then we will hopefully have overcome all kind of disruption and distraction from outside as well as from inside the community.
So 3-3.5 years from now could indeed be the right time.

[Last of the V8s]

I think, theres no TA applicable here, it`s all emotions, for the moment .

[Lauda]

I think, theres no TA applicable here, it`s all emotions, for the moment .

Is this movement a result of the emotions that you're talking about?

[JimboToronto]

I think, theres no TA applicable here, it`s all emotions, for the moment .

Is this movement a result of the emotions that you're talking about?

Is panic an emotion?

[Icygreen]

Stop order grab before resuming 

[Lauda]

I think, theres no TA applicable here, it`s all emotions, for the moment .

Is this movement a result of the emotions that you're talking about?

Is panic an emotion?

Depends. What does the doctor say?

Stop order grab before resuming 

Resuming to where? A top shall occur soon.

[Last of the V8s]

    BTG/BTC
    Last
    0.069850
    High
    0.080000
    Low
    0.030000
    Vol
    360


aaaahahhaaha btg worth more than ether and bitcoin crash https://www.bitstar.com/

[pfrtlpfmpf]

I think, theres no TA applicable here, it`s all emotions, for the moment .

Is this movement a result of the emotions that you're talking about?

Is panic an emotion?

`
Ok, i´m panichodling