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

[philipma1957]

26k looks nice to me.

Do we go more more more  up up and away dare I say it ? to the moon and beyond!

[ImThour]

We reached 32,000th page on Wall Observer.

[dragonvslinux]

Time for another weather-based analysis, given the accruacy of the previous one  

(At $22.4K I was considering the cold snap to drop prices until March 10th. The low was on March 10th, this was when the weather started to warm up)

Realty is, winter isn't over yet. Here in Western Europe there is a cold snap coming until March 10th, then it's expected to get a lot warmer with winter officially ending on the 20th.

Spring prices are coming soon, but first, we have to strap in for realities. I think Bitcoin will snap back quickly once the cold temperatures pass. That's my weather based prediction for now.

The bear market will officially end on March 20th. Whether that be breaking through $30K, or re-testing $25K in order to turn it into support.

Until then, a slight pull-back tomorrow followed by upside continuation until the following.

March 19th (last day of bear): small pull-back
March 20th (end of bear): strong continuation
March 21st (first day of bull): consolidation

Will keep an eye on weather and make any updates if needed (forecasts can change).

Don't take me too seriously!

[ChartBuddy]

Explanation

[heslo]

We're back boys!

[dogebearman]

Goo

[macson]

+17% in 24 hours ---- we're headed to $27k guys, buckle up

[dragonvslinux]

Now to watch bears chase price up to $30K. Still many bears that expected $25K to continue to act as resistance, as well as lower lows, which for now looks very much invalidated. They'll now be waiting for a re-test in order to accept defeat and buy back, so imagine the fallout if there is no re-test and price continues onto $30K. They will then have to buy back above $30K instead if that breaks next.

Basically it's not just the market sentiment shifting bullish that can cause another parabolic run, to me it's specifically a lot of bulls only turning bearish after rejection from $25K last year. There is one big youtuber in particular who's spent the past 9 months mocking bulls and saying $25K just isn't going to break. After recommending his audience "get out" around $24K last year and wait for $12K to $14K.... oh my.

There's a lot bears that supported this belief is the crazy part, due to "iNfLaTiOn". The irony being that a lot of them were buyers around $10K, selling at $25K, and now will be buying back at >$25K. These so-called investors should have their entire reputation destroyed for basically recommending people sell near the bottom after a -65% drop, because price could drop -80% (and that's twice as far). The irony being he was wrong about $6K holding as support in 2018, so probably felt he was "right" being bearish in 2022, as well as this year. In reality, he just always get's bear markets completely wrong either way round.

This also will drive the hodler sentiment, now that timing the market has become a lot more difficult (without a blow off top). Most won't want to sell unless price returns to >$50K this year imo.

[eXPHorizon]

+17% in 24 hours ---- we're headed to $27k guys, buckle up

i can tell you from years of observing that .. it is the exact opposite 🤣

+ a Smith Virus breeding ground

[d_eddie]

Closing down the banks,
Joke turns into system risk?
Price heading higher




#haiku

[BitcoinBunny]

[UdtaParinda1]

Now as BTC closed its first candle above 350DMA after along time what boost given by the SVB and USDC to Bitcoin. Now its the time to shine to the $30k in this week as far there are no major resistances except for a few small ones 28.2k to 28.7k and the 29.3k to 29.5k. For as single week Bitcoin has surprised us enough i am not wondering whatever happened as it was obvious but it will happen so fast i wasn't expectating that.

[BitcoinBunny]

Oh well....

Meta confirms another 10,000 layoffs - 13% of its remaining staff - as Zuckerberg says tech bubble bursting was a 'humbling wake up call' and warns 'new economic reality will continue for many years'
https://www.dailymail.co.uk/news/article-11858429/Facebook-parent-company-Meta-confirms-10-000-layoffs-coming-months.html

[elevates]

That is true! BTW, BTC crossed 25k and it is going up and up and up 

[ChartBuddy]

Explanation

[Hyperjacked]

I guess we got our 6k$ epic rally…  
Cheers

[philipma1957]

Joe Biden to be a two term president> I wonder what his crystal ball is made from, meth?

[bitcoinPsycho]

Just received this from my bank RBS

To help keep your money safe from possible scams, we're going to set limits on payments we identify as going to cryptocurrency exchanges. From 16th March, we'll limit Debit Card payments made to these exchanges to £1k a day (£5k in any 30-day period). Find out more at https://www.supportcentre-rbs.co.uk/payments-cryptocurrency




I will now change my bank

[Lainta]

NEW: 🇺🇸 US Administration insider Jason Lowery: "Soon, powerful people within the US government will try to assert that supporting #Bitcoin is a threat to US National Security. " 👀😱

https://twitter.com/BitcoinNewsCom/status/1635366078972071936?t=uYUHZImRr7vNgkOAgsBjew&s=19

[ChartBuddy]

Explanation