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

[shahzadafzal]

too soon?
~

That was much needed bottom!!!

P.S BREAKING: Elon Musk’s SpaceX sold all its $373 million #bitcoin  - WSJ

Look who’s justifying???


https://twitter.com/bitcoinmagazine/status/1692295710962483253?s=46&t=EYlgQnpcCaCtcz2k1MwkNg

[Greyhats]

Nyom Nyoms I don’t care why, who, what moved but nice to stack a tiny bit more than usual today.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Feels like the questions surrounding the global economy are starting to take effect on the Bitcoin price. Instead of shooting upward as a safe haven during coming turbulent times, we’re seeing it drifting lower as people are forced to sell to make ends meet. I’m still hoping we see the safe haven act and not the speculative investment pop when the time comes, but cracks are forming.

You are so dramatic OgNasty.

"We" are not even to the boundaries of the "don't wake me up zone, yet"....

Of course, we are a lot closer than we were 8 hours ago

Obviously fakiety, fake.

Can some whale in here dump a bit more on DGB? It's the last semi-sh!tcoin I need some more to get back that I sold during hard times. Got me some LTC & other stuff. Also I think BTC will probably drop to 27.5K before pump.      ... Just dump me some DGB so I can buy some more plz??      

Sry for nonsense sh!tcoin talk. But maybe someone will hear my prayers. Lulz.   

You're asking for it.

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Well there is an almighty push down right now. just went below 25K.
Have we capitulated yet?

25K?  It didn't even make it down to 26K.

$26266 to be exact.

Funny how peeps just love to exaggerate during times like these?

Or alternatively, go to some non-referenced price ticker in order to select the price that best tells their story.\

Seems to happen every time, so not really that funny.


Ok... I will do it anyhow.. why not employ an emoji, or two, just for funzies?


 

Well there is an almighty push down right now. just went below 25K.
Have we capitulated yet?

25K?  It didn't even make it down to 26K.

$26266 to be exact.

My bad. Looked at the Bitfinex exchange instead of bitstamp. Rookie mistake doh!

You can say that again.

 

[edited out]

CMC confirms it dipped to $25,490.11

Fuck CMC.

Who gives any ratt's asses about what CMC says, if that happens to not be our official referent.

Maybe @JJG spoiled it with his unexpected sell at $130K...and we are balancing it out.

I kid, I kid.

For sure mine was a fluke.. and my fluke was right around June 20, 2023. . - so already 2 months ago.

EDIT: Btw, Mr market had a severe bitcoin dip in September 2015 just before the start of the real bull of late 2015-2017 (28 mo long, going from $190 to 20K or about 105X)

I recall that, exactly... and it does seem like a kind of similar pattern.. of sorts, even though none of them play out the same and even though there are a lot more BIGGER players in BTC these days, including various financial tools that they have and if the patterns largely still fit, then all of those financial tools and BIGGER players might well end up just washing each other out.

It's a wash.

You heard it here first.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

This article is retarded AF.

https://coingape.com/bitcoin-btc-price-takes-a-dip-under-26000-why-its-a-buy-on-dips/

Bitcoin (BTC) Price Takes A Dip Under $26,000, Why It’s A Buy on Dips
On-chain data shows that there's a notable surge in $1 million transactions which shows Bitcoin whales behind the crash.
By Bhushan Akolkar

Crypto Market Crash: Here's Why Bitcoin, Ethereum, Altcoins Are Falling Sharply
The world’s largest crypto Bitcoin (BTC) took a dip under $26,000 levels in a sharp 9% fall as SpaceX dumps its $373 million worth of Bitcoin holdings. Bitcoin’s fall has also dragged the broader crypto market downwards by 7% eroding $70 billion of investors’ wealth over the past 24 hours.

As of press time, the Bitcoin (BTC) price is trading 7.83% down at $26,394 with a market cap of $513 billion. For long-term investors, this could be a good opportunity to fill their bags. Popular crypto investor Ali Martinez explained that the Bitcoin RSI has hit 9.43 levels on the 4-hour chart. The last time the BTC price touched these RSI levels, it registered a strong bounce back.

The Bitcoin outlook is undoubtedly bearish as of now and there could be a further price correction. However, a staggered buying approach at every dip could be a good opportunity to make the most of the correction.

But Many investors are asking about what’s next from here onwards. As the Bitcoin price breaks away from the volatility squeeze, we can expect some more going ahead.

Bitcoin Buy The Dips Calls on the Rise
On-chain data shows that the recent Bitcoin price correction has shot up the number of calls for buying the dips. As per on-chain data provider Santiment, the Bitcoin ‘Buy the dip’ calls hit their four-month high on Thursday, August 17.

Following a week of downward trends in altcoins, Bitcoin experienced its own significant decline, leading to a broad decline across the entire crypto market. While prices are showing a modest rebound, this dip prompted a surge in calls for #buythedip, reaching the highest level since April, notes Santiment.

The Santiment data also shows that whales have been quite active on the recent dump. The aftermath of the recent price plummet in crypto markets is still far from settled, marking one of the most significant drops in 2023. A notable surge in $1M+ $BTC transactions suggests that whales are actively involved during this decline. However, the number of large wallets doesn’t appear to be decreasing, notes Santiment.

[ChartBuddy]

Explanation
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[Paashaas]

4 hour RSI reached a historic low of 6!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

Is it the right time to buy these NFTs as prices are gone lower ??

Yep, have at it. I'm sure those NFTs will be sooo much higher in price in the future. 

Bitcoin read this and fell down to stop us from investing into NFTs )

It’s being reported that SpaceX sold all their Bitcoin. They held $373,000,000 worth according to Bitcoin Magazine. I’m not sure what this signals. SpaceX doesn’t really have a need to save funds right now as they’re massively growing so the move makes sense. It could also be Elon opening the door for Tesla to start accepting BTC. However, the downward pressure was enough to apparently set off this wave of liquidations we’re currently seeing.

Musk actions always have influence on price of Bitcoin. Remember Bitcoin DIP of 12% in May 2021, after Tesla announced that they are not accepting Bitcoin as payment.  

[hisslyness]

NEW: 🇬🇧 UK Quantum Blockchain Technologies company claims they developed 🤖 AI-powered algorithmic search methods that raise #Bitcoin    ⛏ mining efficiency and reward probability 👀



Details

So basically what they are saying is, their share price has been in declined and they need something to release to the market to hopefully inject some optimism and boost their share price.

Lets use the latest buzz words AI (Artificial Intelligence) and hope people stop reading from there!.

Mining is completely random! you can waste all the energy pre-computing all you want, but without the hash of the last block you got nothing! You want to divert resources that could be use to hash the current block to pre-hash something that may not be useful on the future block..

And from what i can see it not proven or working... unless someone can point me to a sample data set....

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

By the way, are the Captchas getting stupid for anyone else lately? I had to solve *twelve* pages of the things to log on here today.

That means someone else is there on your network with you 😁🤣

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

Explanation
Chartbuddy thanks talkimg.com

Who is ready for Vegeta?!?

[cafter]

logged in now....
nice dump, nice volume, nice spike, nice liquidation of 500M

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

I never thought we might have another chance to buy the dip before the halving event.
I had a couple hundred dollars, and it's set on 26K again!
Thanks to dumb people for giving us an opportunity to accumulate a little more.

You obviously thought wrong, and if you think this is the last chance to buy cheap coins before the halving, then let's say you think wrong again. There are still at least 8+ months until the halving and in that period anything can happen, but also halving does not automatically mean a bull run.

As for those you call "stupid people", I prefer to call them weak hands, but they are an integral part of every market - their loss is always someone's gain.