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

[Febo]

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.

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[LFC_Bitcoin]

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.

I don’t agree with the bolded. Historically, the closer we get to the halving (May 2020) the price creeps in an upwards trajectory.

I could be wrong but personally I feel the $3000’s are gone for good.

[fillippone]

What caused price surge in BTC?
I collected a few evidences, from the most simple to the most convolute. So I like the last one!

• more buyers than sellers. Not a single whale as previously thought, but a series of coordinated buyers across different markets:
  https://twitter.com/CumberlandSays/status/1113905335025184769?s=19
  
  
  
• Short squeeze after the CME futures expiry, as explained by Gabor Gurbacs:
  https://www.nasdaq.com/article/will-the-bitcoin-bounce-last-etfs-in-focus-cm1123809
  
  
  
  
• Chinese CB is raking up again gold reserves, signaling an imminent Yuan Devaluation. BTC has always been sensitive to yuan movement, albeit with diminishing correlation since BTC became less and less China related.
  
  https://www.zerohedge.com/news/2019-04-07/beijing-signaling-imminent-currency-devaluation-china-unleashes-gold-buying-spree
  
  

[serveria.com]

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?  

[serveria.com]

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.

I don’t agree with the bolded. Historically, the closer we get to the halving (May 2020) the price creeps in an upwards trajectory.

I could be wrong but personally I feel the $3000’s are gone for good.

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

[gentlemand]

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.

[hodl_2015]

The shorters were spotted trying to stop BTC with walls:

Having 1200 BTC to sell doesn't sound like being short.
It could be longs trying to keep the price "low" until there fiat funds arrive on Monday, so they can buy more. If someone starts nibbling on there wall they can buy back for a similar price on Monday. That plan could back-fire when the whole wall gets eaten en the price moves before they can buy back. At some point they would have to cut there losses and move the wall further up.

[LFC_Bitcoin]

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

[fillippone]

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

I am going to save this post for 2022 and hang it on my wall, behind a 2 meter high statue of your avatar in my living room if you are right.

[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!

[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.

[micgoossens]

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

[micgoossens]

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


who would order this sushi

[micgoossens]

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.....