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

[death_wish]

For public safety,
Show this to all naïve n00bs:
Don’t make this mistake.

#haiku



Photo:  Something seen incidentally on Imgur while fetching that neat video.

[1714233185]

1714233185

[ChartBuddy]

Explanation

[goldkingcoiner]

Good morning WO. I see we are desperately in need of a new poll.

Any realistic TA which says we will see 40k soon?

[ChartBuddy]

Explanation

[BitcoinBunny]

Good morning WO. I see we are desperately in need of a new poll.

Any realistic TA which says we will see 40k soon?

Maybe TA will tell you that. I'm being cautious with expectations over the next year or two as I think the outfall of high inflation and western political ideologies will start to have more serious effect on people's budgets in the long run.

Not selling but I think we may see another knee jerk move downwards later this year.

Petrol prices are reaching their highest levels here in West Europe.

I think eventually the demand for a lot of things will just drop off a cliff, perhaps after the summer.


Having said all that, a continued higher BTC price over time seems to be guaranteed more so every day obviously and we have seen when the price hardly moves much and does this boring up and down thing for ages, it is usually the best time to buy.

[ChartBuddy]

Explanation

[Wilhelm]

For public safety,
Show this to all naïve n00bs:
Don’t make this mistake.

#haiku



Photo:  Something seen incidentally on Imgur while fetching that neat video.

Indeed the noobs are all waiting for the rocket to launch and will be left on the pad.

Buy, HODL and ignore the fluctuations.

[Hamza2424]

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Looks Booored now hearing Market is this and market is that i have nothing to say as i don't care now anymore no more liquidation posts no more news time to chill with popcorn excited to hold not to wait for a good pump so it make whatever price today or tomorrow no means its like Lifetime savings no matter the MArket value what matter is realized value and we confident on it.

Edited: As Exams Over now time Boost up 

[ChartBuddy]

Explanation

[Freeveto]

This guys really means business.

@Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. SEC should the regulator reject its application for a spot Bitcoin ETF on July 6. https://t.co/6GdI8vgnFm
https://twitter.com/Cointelegraph/status/1534465760277499904?t=iBNjQQ11i8kYvzGqmfAM2Q&s=19
 


From the look of things I think Until we get this regulation we're not gonna see those trillions of dollars that are sitting in 401ks and trillions of dollars that are sitting in stocks and monetary energy in pensions, real estate melt into Bitcoin ETFs until we get regulation on ground.

[El duderino_]

Good morning WO. I see we are desperately in need of a new poll.

Any realistic TA which says we will see 40k soon?

Only my gut feeling is saying so….
Does that count as TA?

[Jacky7770]

JUST IN - Citadel, Fidelity, Charles Schwab, and Virtu are building a bitcoin and crypto trading platform

Source : https://twitter.com/BitcoinMagazine/status/1534276660190748674

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Dabs]

ChartBuddy int. Long bitcoin.

[ChartBuddy]

Explanation

[Arriemoller]

 BREAKING! Happening right now! Me not eating att Biltema.

[ChartBuddy]

Explanation

[bitcoinPsycho]

BREAKING! Happening right now! Me not eating att Biltema.

So bad but so good

[dragonvslinux]

Good morning WO. I see we are desperately in need of a new poll.

Any realistic TA which says we will see 40k soon?

Not really, at least not yet. Unless price can get above $32.5K, then you can officially consider it impossible (try and prove me wrong with that analysis haha)

There is a relatively big volume gap from the past 9 months between $30K and $40K, so if price can get back above the capitulation level of $34K-$35K, then it would be highly likely to get back to the accumulation/distribution level of $40K. Otherwise the rejection from previous support would likely lead to a re-test of $25K or lower. Thinking $30K would hold a second time round would be naive I think.

If you're a trapped buyer at $40K, then bare in mind that price returning to $40K soon would give high probability of confirming a macro bottom, as on the Weekly scale price would have left oversold levels and therefore signal a retracement back to the 0.618 fib level, around $50K, same as in 2019 @ $14K and 2020 @ $10K. So it'd be the equivalent of selling around $6K-$8K for reference sake prior to further upside.

(I am short-term bullish at current prices however, at least to re-test $34K-$35K capitulation level. Whether price can get above there yet is a different story however. Longer-term I remain neutral.)

This theory is generally why I'm not expecting much else but "sideways" trading between $30K and $60K for the rest of year, if price can get back above $34K capitulation level, which would also be good for building long-term momentum. Trapped sellers would be buying back into the market from trapped shorter-term buyers, or late longer-term profit takers, without much new liquidity coming into the market.