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

[JSRAW]

My predictions -

End of 2019 - $6,500 - $7,500
Price by the halving (May 2020) - $9,000 - $10,000 ish
New ATH - Some time in 2021
Over $100,000 - 2022

Quote me damn it

See you in 2022!

[1685657718]

1685657718

[1685657718]

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[1685657718]

1685657718

[hodl_2015]

My predictions -

End of 2019 - $6,500 - $7,500
Price by the halving (May 2020) - $9,000 - $10,000 ish
New ATH - Some time in 2021
Over $100,000 - 2022

I agree, in 2022 the price will drop all the way back down to just $100,000.

[MrFreeRoMan]

Exactly, as I predicted earlier $6-6.5 in Summer, $10-15k Fall and new ATH in December 2019.

I don't expect a new high until well into 2021 myself. And when it does hit it's going to be pretty electrifying. Regaining $1000 was the culmination of a seemingly endless slog. It was more relief than euphoria. Next time around there'll be more appetite and more expectation.

My predictions -

End of 2019 - $6,500 - $7,500
Price by the halving (May 2020) - $9,000 - $10,000 ish
New ATH - Some time in 2021
Over $100,000 - 2022

Quote me damn it

Partially agree..
look at this chart

Sourse: Chart
The purpose of this analysis is to provide insight on bitcoin holder patterns to improve our educated guess on the timing of the price bottom. We don’t believe this analysis should function as an indicator on its own, but rather that it be used in combination with other relevant data to make the most informed decision possible. We’ve established that selling pressure from long term holders is significantly tapped, and accumulation has begun. Using the timing of previous price bottoms relative to different bitcoin accumulation points, we can use current UTXO dynamics to forecast a rough date for a price bottom. We specifically tracked the price bottom relative to the 6-12M holding peak1, the forecasted UTXO 1 year+ holding peak2, the existing UTXO 1 year+ holding bottom3, and the forecasted slowdown point of the 1 Year+ UTXO growth rate4. This results in a cluster of dates that indicate a bottom in Q1 2019(5)

[LFC_Bitcoin]

Does your girl even bitcoin tho’

[JSRAW]

Should we quote this too?

[ssmc2]

Bitcoin (BTC) Likely To Experience Maximum Pain Before QE4

Bitcoin (BTC) and other cryptocurrencies are still highly speculative assets. It would be unreasonable to compare Bitcoin (BTC) to digital gold at this point when it has a market cap of less than $100 billion and has been seen massive pumps and dumps. The weekly chart for BTC/USD shows that Bitcoin (BTC) is heavily overbought and is due for a sharp decline if it closes the week below the 50 week exponential moving average. Bitcoin (BTC) also has a strong correlation with the S&P (500) as we have noted many a time in some of our analyses. The last time the S&P 500 (SPX) started to decline was in September, 2018. If we look at the BTC/USD chart around that time, it was also preparing for a decline. When the S&P 500 (SPX) crashed after that, so did BTC/USD until the price declined to its 200 Week EMA and closed above it.

https://cryptodaily.co.uk/2019/04/bitcoin-likely-to-experience-maximum-pain-before-qe4

Until the end of the year, up and down.
Some see it this way.

Thing is I dont see the S&P having another dip like the one in 2018. It's going up along with the Dow.

[plasticAiredale]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

Bitcoin is not ready to say goodbye to sub 5000. We will most likely even see sub 4000 in the summer. After that $5000+ Bitcoin will be sure things.

Wishful thinking. Your bags are clearly not full yet so you'd like to see sub $5k prices. Not gonna happen. Feels very much the same as trolls predicting $1700-2500 bottom few months (weeks?) ago. Where are they now?  

Oh they are around. Head on over to the  /r/bitcoinmarkets/ daily thread. It's 'bear this', 'not enough pain that', over there.

[El duderino_]

Does your girl even bitcoin tho’

just back home, gonna relax a bit,

BUT man i'm instant regret of not having a Smerit for this one....

And yes my GF does BTC too

[El duderino_]

https://twitter.com/RedditBTC/status/1114913063927537665


who would order this sushi

[El duderino_]

Bitcoin is so much more than a store of value. When you have something that can transform value in so many ways, it's ridiculous it can be called a bubble.



https://twitter.com/RedditBTC/status/1114913062191026176

[JSRAW]

https://twitter.com/RedditBTC/status/1114913063927537665


who would order this sushi

Will have.....

[DeathAngel]

Does your girl even bitcoin tho’

just back home, gonna relax a bit,

BUT man i'm instant regret of not having a Smerit for this one....

And yes my GF does BTC too

You both have hot gf’s. I’d hit both....Sorry
Are you both handsome or are those girls chasing the corn?

[kingcolex]

Exactly, as I predicted earlier $6-6.5 in Summer, $10-15k Fall and new ATH in December 2019.

I don't expect a new high until well into 2021 myself. And when it does hit it's going to be pretty electrifying. Regaining $1000 was the culmination of a seemingly endless slog. It was more relief than euphoria. Next time around there'll be more appetite and more expectation.

Totally agree, going to see tons of people dumping their coins around $10k+ in fear of another crash down.

[serveria.com]

Exactly, as I predicted earlier $6-6.5 in Summer, $10-15k Fall and new ATH in December 2019.

I don't expect a new high until well into 2021 myself. And when it does hit it's going to be pretty electrifying. Regaining $1000 was the culmination of a seemingly endless slog. It was more relief than euphoria. Next time around there'll be more appetite and more expectation.

Totally agree, going to see tons of people dumping their coins around $10k+ in fear of another crash down.

Won't change a crap... let them dump, everything will be absorbed by the market instantly... 

[Searing]

Does your girl even bitcoin tho’

just back home, gonna relax a bit,

BUT man i'm instant regret of not having a Smerit for this one....

And yes my GF does BTC too

You both have hot gf’s. I’d hit both....Sorry
Are you both handsome or are those girls chasing the corn?

I like that I HODL as I'm chasing the CORN...

[jojo69]

You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001BTC profit. Go buy an island with that.

nah

it's bots

[Raja_MBZ]

Elon Musk: ‘Paper money is going away’

https://www.cnbc.com/2019/02/20/elon-musk-paper-money-is-going-away-cryptocurrency-tech-has-merit.html

[ivomm]

The number of short positions as well as the volume has increased in the last days. Their thinking is that whatever caused the short squeeze the other day, it won't repeat now. Their only hope is the wall at Bitstamp. It may be put by a shorter or not. It doesn't matter. Bitstamp has a lot more volume recently, so it can be eaten in minutes. This will cause another short squeeze even more painful than the previous! Especially, since there is not a historically recognized resistance line until 5.8-6K(which also is dubious if it can be a resistance at all). I think the next solid resistance is somewhere about 7K$.

[ivomm]

You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001BTC profit. Go buy an island with that.

nah

it's bots

Even if they are bots, the sums of the simultaneous trades is way below 0.1BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1BTC.

[kingcolex]

Exactly, as I predicted earlier $6-6.5 in Summer, $10-15k Fall and new ATH in December 2019.

I don't expect a new high until well into 2021 myself. And when it does hit it's going to be pretty electrifying. Regaining $1000 was the culmination of a seemingly endless slog. It was more relief than euphoria. Next time around there'll be more appetite and more expectation.

Totally agree, going to see tons of people dumping their coins around $10k+ in fear of another crash down.

Won't change a crap... let them dump, everything will be absorbed by the market instantly... 

Yeah I think we have investors this time not average Joe's who have never invested before.