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

[Gachapin]

edit:

hey JJG is the bottom in?

More important: is the (local) top in?

I wouldn't be surprised if we get another leg up to 41k-44k before having a major correction.

You mean major in the range of 10% or more?

down to 30k-35k

[1715233403]

1715233403

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

Interesting article

https://www.kitco.com/news/2023-12-05/Bitcoin-breaches-44k-as-BlackRock-secures-seed-capital-for-spot-BTC-ETF.html


"BlackRock sees a high probability that its application will be approved, and Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart say there is a 90% chance that the first spot BTC ETF will be approved by Jan. 10.

Max Keiser, a well-known Bitcoin maximalist, has also caused a stir of speculation by tweeting about “rumors” that the sovereign wealth fund for Qatar – which is responsible for managing the nation’s vast oil and gas-generated wealth – is “looking to buy” $500 billion worth of Bitcoin. Keiser suggested that this could lead to a “$100,000 God Candle” on the BTC chart"

[JimboToronto]

down to 30k-35k

Or up to 50k-55k.

We're still correcting from last year's steep dip.

2024 has been one big correction.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Interesting article

https://www.kitco.com/news/2023-12-05/Bitcoin-breaches-44k-as-BlackRock-secures-seed-capital-for-spot-BTC-ETF.html

"BlackRock sees a high probability that its application will be approved, and Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart say there is a 90% chance that the first spot BTC ETF will be approved by Jan. 10.

Max Keiser, a well-known Bitcoin maximalist, has also caused a stir of speculation by tweeting about “rumors” that the sovereign wealth fund for Qatar – which is responsible for managing the nation’s vast oil and gas-generated wealth – is “looking to buy” $500 billion worth of Bitcoin. Keiser suggested that this could lead to a “$100,000 God Candle” on the BTC chart"

God candle! I like the sound of that!

[True Myth]

Interesting article

https://www.kitco.com/news/2023-12-05/Bitcoin-breaches-44k-as-BlackRock-secures-seed-capital-for-spot-BTC-ETF.html

"BlackRock sees a high probability that its application will be approved, and Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart say there is a 90% chance that the first spot BTC ETF will be approved by Jan. 10.

Max Keiser, a well-known Bitcoin maximalist, has also caused a stir of speculation by tweeting about “rumors” that the sovereign wealth fund for Qatar – which is responsible for managing the nation’s vast oil and gas-generated wealth – is “looking to buy” $500 billion worth of Bitcoin. Keiser suggested that this could lead to a “$100,000 God Candle” on the BTC chart"

God candle! I like the sound of that!

I also thought this part of the article was fun...

Data provided by Coinglass shows that as a result of the move higher for BTC and multiple altcoins, over the past 24 hours, a total of $167.26 million short positions have been liquidated, to go along with $82.94 million long positions.

“Traders do not have enough upside leverage, this is the conclusion from the elevated premium that perpetual futures are trading at,” said Markus Thielen, head of research at Matrixport. “While for most of the year the perpetual futures traded at a 5-10% premium, since November, this has expanded to 10-15% and occasionally trading with 20-30%. This shows panic buying from traders who are closing out shorts or increasing leveraged longs.”

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

$45K in one hour confirmed  

[Gachapin]

down to 30k-35k

Or up to 50k-55k.

We're still correcting from last year's steep dip.

2024 has been one big correction.

true that


... I could live without a retest of the 30k's ... I hope your bags are filled gentlemen

[bitcoinPsycho]

Not stamp but CONFIRMED

[lightfoot]

Jesus. Two pages of going on about GPUs and not one locomotive?

[OgNasty]

down to 30k-35k

Or up to 50k-55k.

We're still correcting from last year's steep dip.

2024 has been one big correction.

I think a lot of people don’t realize this. My personal belief is that if FTX didn’t defraud everyone out of their Bitcoin and pump everyone’s shitcoins then the price of BTC likely would have gone up as high as $140,000 and would have bottomed around $60,000. So while we may be in a bull market now, we should have never gotten this low in the first place.

[JimboToronto]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

[lightfoot]

Eh, time to get the party going. Train is pulling out of the station.....

[El duderino_]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[lightfoot]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

Yeah, we just crashed down TO 44k. Total bummer.

(Srsly, I'm just happy it's going up again. Enjoy the good feelings)

[avp2306]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

Yeah, we just crashed down TO 44k. Total bummer.

(Srsly, I'm just happy it's going up again. Enjoy the good feelings)

Sure it is many people really enjoy what they are seeing on bitcoin.

There's a lot to happen and $50k is really possible to happen by the end of this month so I guess if $50k will be achieve there's huge hype it could bring for next year so HODL many good times still possible to happen since I think this is just a start of the bullrun.

[janggernaut]

Where is the helicopter???