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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (2.6%)
7/28 - 5 (12.8%)
8/4 - 7 (17.9%)
8/11 - 4 (10.3%)
8/18 - 1 (2.6%)
8/25 - 1 (2.6%)
After August - 20 (51.3%)
Total Voters: 39

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26416206 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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March 16, 2023, 02:01:17 PM


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Macadonian
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March 16, 2023, 02:03:39 PM

The next two hours we should break the $25,00 resistance! For the 2nd time in a couple of weeks. I think we might push on from here without dropping back down we might finally be able to challenge the $30,000 price. We just need more banks to fail in the next couple of days and it should continue rising. I do not know why multiple banks are failing in the same week but I hope it continues for the price of Bitcoin!
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March 16, 2023, 02:25:06 PM
Merited by JayJuanGee (1), pixie85 (1)

Video shows Russian jet dumping fuel on US Reaper drone during 'reckless' interception over Black Sea
https://uk.yahoo.com/news/video-shows-moment-russian-fighter-102100949.html

Pretty good job by that Russian fighter pilot. Like a reverse Top Gun Maverick.  Cheesy

Top Gun: Dmitri



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American officials have accused the Russian pilots of flying in a "reckless, environmentally unsound and unprofessional manner".
They also said a Chinese weather balloon was an alien spacecraft.
 Roll Eyes
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March 16, 2023, 02:26:25 PM
Merited by d_eddie (1)

The next two hours we should break the $25,00 resistance! For the 2nd time in a couple of weeks. I think we might push on from here without dropping back down we might finally be able to challenge the $30,000 price. We just need more banks to fail in the next couple of days and it should continue rising. I do not know why multiple banks are failing in the same week but I hope it continues for the price of Bitcoin!

Really? It broke 25000 5 hours ago. It also broke it yesterday and the day before. Looking at bitfinex right now:
26529 on March 14,
25324 March 15,
25102 today.

Going above 25 is easy. Staying there for more than a day is the hard part Wink

Pretty good job by that Russian fighter pilot. Like a reverse Top Gun Maverick.  Cheesy

He was good up until the moment he got to close and clipped his rotor.
Macadonian
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March 16, 2023, 02:32:45 PM

The next two hours we should break the $25,00 resistance! For the 2nd time in a couple of weeks. I think we might push on from here without dropping back down we might finally be able to challenge the $30,000 price. We just need more banks to fail in the next couple of days and it should continue rising. I do not know why multiple banks are failing in the same week but I hope it continues for the price of Bitcoin!

Really? It broke 25000 5 hours ago. It also broke it yesterday and the day before. Looking at bitfinex right now:
26529 on March 14,
25324 March 15,
25102 today.

Going above 25 is easy. Staying there for more than a day is the hard part Wink
I know it is the hard part and I know we have breached $25,000 a few times in the last couple of weeks but we did not have several banks failing and being all over the news then. I think if we get above it again for the 2nd time in 24 hours we should stay above it because that is a sign of people dropping their bearish attitude and buying more Bitcoin.
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March 16, 2023, 03:01:07 PM
Merited by dragonvslinux (1)

maybe it's too early to talk about 30k, but...

since many turned bearish when the 30k level was lost, I expect many to turn bullish, when we reach it again..

going from 30k to 40k could be way easier than going vom 20k to 30k.  And I don't mean the obvious +33% vs + 50%, but sentiment-wise.

ChartBuddy
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March 16, 2023, 03:01:21 PM


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March 16, 2023, 03:07:59 PM

maybe it's too early to talk about 30k, but...

since many turned bearish when the 30k level was lost, I expect many to turn bullish, when we reach it again..

going from 30k to 40k could be way easier than going vom 20k to 30k.  And I don't mean the obvious +33% vs + 50%, but sentiment-wise.



For sure, many bought in when Musk started to buy BTC in the $30,000s

When they see that price again they will fomo in again I bet.
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March 16, 2023, 03:20:07 PM
Last edit: March 16, 2023, 03:37:29 PM by Gachapin

maybe it's too early to talk about 30k, but...

since many turned bearish when the 30k level was lost, I expect many to turn bullish, when we reach it again..

going from 30k to 40k could be way easier than going vom 20k to 30k.  And I don't mean the obvious +33% vs + 50%, but sentiment-wise.



For sure, many bought in when Musk started to buy BTC in the $30,000s

When they see that price again they will fomo in again I bet.

a bit of a simple minded scenario:

if we went by last cycle's performance and its ratios, price would hit 45k by June and after that stay between 45k and 25k for another 16 months..
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March 16, 2023, 03:46:11 PM
Merited by JayJuanGee (1)

a bit of a simple minded scenario:

if we went by last cycle's performance and its ratios, price would hit 45k by June and after that stay between 45k and 25k for another 16 months..

Fine, but why would bitcoin follow last bear market ratios if it did not follow them in the bull market and in the early stages of the bear?
IMO bitcoin's bottom would have been somewhere above 20k if not for the scammers and their impact.
ChartBuddy
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March 16, 2023, 04:01:17 PM


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March 16, 2023, 04:15:37 PM

Video shows Russian jet dumping fuel on US Reaper drone during 'reckless' interception over Black Sea
https://uk.yahoo.com/news/video-shows-moment-russian-fighter-102100949.html

Pretty good job by that Russian fighter pilot. Like a reverse Top Gun Maverick.  Cheesy

Top Gun: Dmitri



Quote
American officials have accused the Russian pilots of flying in a "reckless, environmentally unsound and unprofessional manner".
They also said a Chinese weather balloon was an alien spacecraft.
 Roll Eyes

Not sure what you would consider to be a "good job" but it took him 19 tries and he crashed into the drone in the end anyway. The fuel did absolutely nothing except contaminate thousands of fish.

Enjoy your sushi. Roll Eyes
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March 16, 2023, 04:39:31 PM

Video shows Russian jet dumping fuel on US Reaper drone during 'reckless' interception over Black Sea
https://uk.yahoo.com/news/video-shows-moment-russian-fighter-102100949.html

Pretty good job by that Russian fighter pilot. Like a reverse Top Gun Maverick.  Cheesy

Top Gun: Dmitri



Quote
American officials have accused the Russian pilots of flying in a "reckless, environmentally unsound and unprofessional manner".
They also said a Chinese weather balloon was an alien spacecraft.
 Roll Eyes

Not sure what you would consider to be a "good job" but it took him 19 tries and he crashed into the drone in the end anyway. The fuel did absolutely nothing except contaminate thousands of fish.

Enjoy your sushi. Roll Eyes

He landed, the drone didn't.

Presumably the altitude would have meant the fuel would have evaporated anyway.
Like what happens with fuel dumps by almost any jet whether military or not done on a frequent basis.
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March 16, 2023, 05:01:17 PM


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March 16, 2023, 05:09:41 PM


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The next two hours we should break the $25,00 resistance! For the 2nd time in a couple of weeks. I think we might push on from here without dropping back down we might finally be able to challenge the $30,000 price. We just need more banks to fail in the next couple of days and it should continue rising. I do not know why multiple banks are failing in the same week but I hope it continues for the price of Bitcoin!
what is happening to banks right now is a domino effect and it looks like it will stay like this for the next few days, rumors about the decline in share prices of many banks have been heard since last January.  we still have a hard time predicting the market but it is very likely that bitcoin will not drop below $20k again.
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March 16, 2023, 05:23:17 PM

So CPI

was announced on pi day at 0.4 for Feb and 6.0 for Year.

I wonder if they:

Do 0.00, 0.25, 0.50 on March 22 .

Waiting for that number and for bailout results for the next bank to fail.
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March 16, 2023, 05:25:37 PM
Merited by El duderino_ (8), Gachapin (1)

maybe it's too early to talk about 30k, but...

since many turned bearish when the 30k level was lost, I expect many to turn bullish, when we reach it again..

Have thought and said this for a while. It's similar to the bearish sentiment once $6K broke in 2018, as well as the bullish when it went back above in 2019.
Mainly as most people were expecting a rejection from $6K and going back to around $3-4K, similar to 2015 bear market, but obviously never happened.

going from 30k to 40k could be way easier than going vom 20k to 30k.  And I don't mean the obvious +33% vs + 50%, but sentiment-wise.

Also based on volume. There's roughly twice as much volume that has been traded between $15K-$25K than $30K-$40K.
It does slightly increase from $30K up to $40K, but not considerably. Then there's a bit of a gap until around $48K...

if we went by last cycle's performance and its ratios, price would hit 45k by June and after that stay between 45k and 25k for another 16 months..

I did the calculation based on % retrace and it's more like $50K/$52K with a general target of $48.5K, for now at least (based on 2023 low to ATH)
Ignoring the % retrace another 4.4x move from the lows (like in 2019) would actually be more like $69K.
Hence I prefer the calculation of retracing around 62% from ATH, rather than 100%.
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March 16, 2023, 05:55:28 PM

a bit of a simple minded scenario:

if we went by last cycle's performance and its ratios, price would hit 45k by June and after that stay between 45k and 25k for another 16 months..

Fine, but why would bitcoin follow last bear market ratios if it did not follow them in the bull market and in the early stages of the bear?  

For an answer, please refer to the first part of my post   Smiley
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March 16, 2023, 06:01:20 PM


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March 16, 2023, 06:33:20 PM

https://twitter.com/WalkerAmerica/status/1636042419396550657
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