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

[Biodom]

Looks like the market didn't do much after the swings last week and is back to a consolidation phase just under $30K.  The fact this is happening just below $30K instead of above it makes me think this rally may be starting to lose a little steam.  I'm sure the movement of mtgox coins spooked some folks into selling but the buyers were there to scoop up the BTC and bring the price back up.  I think we've got some choppy trading in the near future but once the mtgox coins and US gov coins are bought up, it will be off to the races.  That should supercharge the halfining and set us up for a nice run into the next bubble as spot ETFs begin getting approved.

Yes, i think so too, maybe 35K-40K by the halving, but it doesn't mean that we cannot go to 48-50K sometime this summer.
On the other hand, there is some eerie similarity between 2008 and now.
Back then, Bear went bust in March, stocks then rallied into May (including Lehman), then started to slowly decline (first into mid July) and then more precipitously from the end of August and into October, then lower low in November.
Right now, we had the SVB 'event' in March, now stocks are rallying and I don't think anybody would care much about FRC since they were also 'crippled' back in March, effectively, so market probably considers all of those 3-4 banks a part of one event.

However, markets may feel less cocky at the end of Q3 if recession would be happening.
I don't know what would happen this Fall, and which institution could be Lehmanesque, we shall see.

TL;DR imho, $40-50K bitcoin peak during summer, decline to $30K (not lower, hopefully), then back to $40K by the halving.

[xhomerx10]

~snip

For me it is fairly abstract as I have no descendants to worry or care about and I will be 99 in 2100.

~snip

 philipma1957, If you're scamming the gov't for Social Security and Medicaid when you're only 22 years old, you shouldn't post your real age on the internet!
 

[ChartBuddy]

Explanation

[HI-TEC99]

.. friendly shitcoins network. In that particular case <redacted......>..

oof.  Jay gonna be mad at you for saying  a naughty word in the wob. No worries tho.
I was doing the same thing back then so I'll stick up for you. I might have been even more naughty mining <redacted>

...

Don't tell me you were mining boobyButt 420Fart coin.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[HI-TEC99]

[JayJuanGee]

#BITCOIN BREAKOUT IS COMING


Source: https://twitter.com/Ashcryptoreal/status/1652219161689350145

This kind of news helps to make people more and more addicted to Bitcoin...

That's not news.

That's a rendition of information (within charts) and a prognostication in regards to the future.

Your use of the word "news" seems misplaced.

[edited out]

if you are going to draw lines on charts actually do it

you take the top point of a point and then cross THROUGH candles for the top line meaning the line is not following anything

as for the bottom you dont take the bottom point. you cross through candles. and then dont use any points along the way..

all you want to do is make the apex hit the current live price without actually using actual meaningfull points before it.. making the line meaningless

try better next time

Hahahahahaha

And, good points made by franky also...

Crypto market price update as of April 29,  2023. 📈📈 How's your favorite crypto doing so far.
Watch the replay of the online event last Thursday  

Source

Oh gawd.... 

Holy fuck!!!!!!!

Who drug uie-pooie into these here parts to ruin dee mooo?

[ChartBuddy]

Explanation

[JayJuanGee]

If I have to describe in one sentence the price action in 2019 and 2020 it would be "The battle for 10K". I'm just curious which will be the new 10K for 2023 and 2024 - 30K, 40K or even 50K? My guess is 40K.

My guess is $29,900 will become the new $9,900.

It'll go sideways for what seems like forever, occasionally teasing > $30k only to get squashed down over again and again.  

^^^^^^^^^^^
Hot take: We are here, and my estimate is that we will remain in this range, barting up and down, throughout 2023 and possibly into 2024.

Oh my!!!!!!!

What happened to you?   

Did you fall off of your sundeck while you were roasting up some BBQs (burgers) for ur normie no coiner relatives?  Maybe you started BBQ roasting before the ice had sufficiently melted?

Do you even know how dee cornz wurks anyMOAR^**?

** no representation contained within this responsive post is meant to concede that you may well have had prior knowledge of the dynamics of my lil precious.

 

Don't see any reason on the horizon for that to change until closer to halving. There will be a number of 'head fakes' along the way.

The only thing that could really alter this range bound is if Fed rates dropped by at least 2% or more.

That's not likely to happen... but never say never... and holy shit.. since when has honey badger been correlated with stonks?  I suppose if you are too busy failing and refusing to understand dee cornz, then sure, you likely are going to place decent amounts of value into such false ideas of correlation that do not exist with dee cornz.  But hey.. you do you.

 

Looks like the market didn't do much after the swings last week and is back to a consolidation phase just under $30K.  The fact this is happening just below $30K instead of above it makes me think this rally may be starting to lose a little steam.  I'm sure the movement of mtgox coins spooked some folks into selling but the buyers were there to scoop up the BTC and bring the price back up.  I think we've got some choppy trading in the near future but once the mtgox coins and US gov coins are bought up, it will be off to the races.  That should supercharge the halfining and set us up for a nice run into the next bubble as spot ETFs begin getting approved.

You seem to be giving way too much significance towards some kind of a need to get above $30k in order for the BTC price to have UPpity inclinations, and the fact of the matter is that $31k is the top of the price range for the past year.. so it remains quite difficult to understand why you would conclude that there is any kind of meaningful bearishness to the failure of BTC prices to get above that price point in the past 6 weeks or so.. and really if you look at the charts, the BTC price had not even been above $25.5k for nearly the past 11 months.. so it seems that you are reading way too much into minor differences in where the BTC price seems to be bouncing... even if there may well end up being some kind of a significant correction, it seems quite clear that the BTC price has largely been bouncing around at the top of the range in the past 6 weeks or so.. whether below $30k (as is the current situation) or if it happened to be the case that the price might be able to stay higher (such as above $30k).. which in the end seems like a BIG SO FUCKING WHAT?  in terms of whether the current BTC price dynamics are sufficiently bullish or not. 

In udder words, .... seems pretty damned bullish to this here cat to be seeing sustained BTC prices above $25.5k.. and wake me up if the price goes below that.. and maybe I still might not get excited even if there might be some correction below $25.5k that might end up lasting for a wee bit of time.. even a month or so.. (not saying that it is likely to happen.. even though such a thing could happen and would likely not even detract from the bullish place in which we seem to be).. given the total context of where we are at and how we got here and where we might be going.... and sure, even you seem to be acknowledging where we might be going.. even though you seem to be wanting to get excited about trying to proclaim Nostradamus-like calls about the short term that seem to be a stabs in the dark at best. #nohomo

 

[Torque]

TL;DR imho, $40-50K bitcoin peak during summer, decline to $30K (not lower, hopefully), then back to $40K by the halving.

Not saying I disagree with your playout of events, but just know that a '$40-50k peak during summer' and then a fall back to $30K is the very definition of a bull trap.  

And quite a big one at that.

[ChartBuddy]

Explanation

[MamunMKY]

Bank Bankruptcy . Which bank will be the next to fail?

[philipma1957]

my guess is

soap>btc>fed for the next 3 months


they will wrestle for a while with fed looking to be the mounter not the mountee.

Maybe BTC finally gets on top in the late fall.

If I am wrong the fed will pound on btc for a long time.

[ChartBuddy]

Explanation

[d_eddie]

Frog jumps and frog falls
Head smacking on the ceiling
Frog with diamond head





#haiku

[Lucky Star]

JUST IN: PayPal announces Venmo
users will be able to withdraw #Bitcoin to external wallets. Bitcoin is still at the alpha stage, there’s so much potential for the future.

[MamunMKY]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation