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

[ChartBuddy]

Explanation

[1713913964]

1713913964

[1713913964]

1713913964

[1713913964]

1713913964

[BitcoinGirl.Club]

Observing @ $20,150
We are going below $19k again?

[BitcoinGirl.Club]

A few minutes later



@ $20,110

The price won't stay above $20k for more than 5 consecutive days. That's going to be true for the foreseeable future.

Strong bullish signal! Buy! All in! 

I need a graphic design to create gif's for me LOL
Like now I need a snail is crash landing 🤣

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Rehan Zakir]

Bitcoin Price & Tokenomics:

Bitcoin's upward trend appears to be weakening as it fails to break through the major resistance level of $21,000. Unsurprisingly, sellers are entering the market, causing a bearish correction and possibly profit-taking before the weekend.

At $21,000, Bitcoin has completed a 61.8% Fibonacci retracement, and candles closing below this level are causing a bearish correction. The RSI and MACD entered the overbought zone, causing a bearish correction.

In contrast, the 50-day moving average suggests buying above $19,600. As a result, a break of the 61.8% Fibo level has the potential to extend the buying trend to $21,900. If the current upward trend continues, Bitcoin could reach $22,500.

Is the correlation between Bitcoin and US stocks fading?

The price of Bitcoin (BTC) is closely related to the value of equities, notably the value of technology stocks. On a daily timeframe, the connection between Bitcoin, the most valuable cryptocurrency by market capitalization, and the S&P 500, which has a high-tech component, reached 0.73. Over the past week, there has been a divergence from the typical lockstep movements of Bitcoin and equities, with Bitcoin playing catch-up as stock markets cooled. However, with a drop in technology stocks, Bitcoin is also suffering, resulting in a drop in BTC price.

Source: https://cryptonews.com/news/bitcoin-price-prediction-as-btc-prepares-for-30-move-up.htm

[El duderino_]

The man walking like a boss…



Loving the new Twitter logo

[ChartBuddy]

Explanation

[LDL]

It's rocket launching speed pump!!!!

[Rahul09]

BREAKING: El Salvador opens a Bitcoin embassy in the City of Lugano, Switzerland

Twitter

[Torque]

Stonks are finding a bottom and rallying because shit's coming unglued.

What a fkd up world we live in today.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[cygan]

its halloween🤡💀

[Crazy_Bitcoin]

2009-2022 Bitcoin Price List

2022:    $20,181
2021:   $60,592
2020:   $13,276
2019:     $9,223
2018:     $6,427
2017:      $5,733
2016:        $688
2015:        $304
2014:        $352
2013:        $188
2012:           $11
2011:            $3
2010:          $0.11
2009:         $0

[ElBinBit]

2009-2022 Bitcoin Price List

2022:    $20,181
2021:   $60,592
2020:   $13,276
2019:     $9,223
2018:     $6,427
2017:      $5,733
2016:        $688
2015:        $304
2014:        $352
2013:        $188
2012:           $11
2011:            $3
2010:          $0.11
2009:         $0

Here's time taken to grow Bitcoin's user base by a factor of 10.

We are in the 9th iteration; going from 100m to 1b users.

The 10th iteration will be last; 100% global adoption.

https://twitter.com/woonomic/status/1585404393008304130

[ChartBuddy]

Explanation

[JayJuanGee]

as I said back under 20k is coming.

$20k sounds good enough to serve the all needed indication for this resistance support below, i think we are heading close to $30k with this trend gradually, DYOR.

FTFY

For clarification:

When you refer to the BTC price "below" the current price, the proper term is "support" to describe potential difficulties going lower.

When you talk about trying to push the BTC price "above" a certain price-point, then the proper term is "resistance."

$20k sounds good enough to serve the all needed indication for this resistance below, i think we are heading close to $30k with this trend gradually, DYOR.

I'm still not so sure of going to $30K in the near future if Bitcoin isn't at $25K any time soon. Because the price of $20K is still very close to the price of $18K, so I'm still not sure that in the near future the price of Bitcoin can change to $30K even though that price can be very logical to be achieved by Bitcoin from now on. It's just that the current market conditions aren't in a good mood, so the $30K price tag is a little hard to come by at this time.

Yep.

There seem to be at least a few resistance points to get through before getting too excited and presumptuous about getting to $30k, and I am not exactly sure where those resistance points would be - except to suggest that we might have one in the $21k to $22k arena, and then we might have another one at around the 200-week moving average (which is currently at about $23,800), and then there might be another one around $25k (since that is kind of our local high in the last 3-4 months), so if we get above $25k, we could have some decent momentum to get closer to $30k, and even to do one of those somewhat explosive UPpity events that might be a 2x to 3x-ish kind of an upwards explosion.. but seems kind of wishful thinking to go there before getting up and past a few sticking points first, and we are not in early 2019 any more.. We have some additional negative macro-conditions that seem to be causing some amount of uncertainties - even though surely a relief rally can even happen during times of questionably uncertain macro circumstances, too.    

[ChartBuddy]

Explanation

[OutOfMemory]

Just remembered that i didn't buy Bitcoin in a while.
Real life is constantly sucking money from my bank account, more than some months ago.
The damn car i still like too much, the damn kids i love too much (going to school got expensive), the hobbies i love too much (like the telescope that tipped over), the higher bills for electricity, water and other general things i need too much...

I also recognized that i avoided concentrating on the possibility to buy some sats since national taxation on Crypto (what did i just write?) changed. The latter in a way, that selling corn bought after 2020 will be taxed as capital gains.

I definitely need to set some goals and rules regarding future Bitcoin buys, i better start this soon, because it feels to me that Q3/Q4 of 2022 is accumulation time.
This can't continue this way. Maybe DCA, but i don't know how much, facing less income to spare, but even a small amount per month is better than what i currently do.
Christmas is ahead, too, not known as the cheapest time of the year  

#HODL

EDIT: ChartBuddy, i'm thinking about forgiving you