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

[ChartBuddy]

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[JayJuanGee]

The WW3 rumours, Fed keeping rates higher for longer, GBTC still selling off, anything else they want to stick in the mixing pot to try and mess everything up?

It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.

However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.

Stay strong, ignore the noise and HODL.

$200,000 - $250,000 in play for mid to late 2025.

Yeah, about 1 year ago, I probably would have considered around $45k to be a reasonable pre-halvening price.. so yeah, maybe anywhere between $40k and $55k... and surely not really thinking that new ATHs would have had been breached, so maybe the fact that we are kind of stuck in this $55k to $82k range, right now (yeah maybe more narrowly $59k to $74k.. for the last 1 or two months and really we could say that the timeline of this range is really getting quite close to two months, but we probably would have to count February 28th as the date of our breaking into the range.. and we can look through the last two months and see quite a bit of volatility within such range.. and it seems to be a kind of healthy fighting of the over-exuberance in regards to getting into this range prematurely....

but the fighting of the range and the desire to not go up is NOT really seeming that likely to be won by the bears.. There just comes too much extra uppity pressures once we start getting into this noman's land range, and the extra buying pressures from the BTC spot ETF is not helping the case for down. (or even down before up).. Yeah, sure, it could happen, but it does not seem to be a smart play.. down before up seems like a losing play.

But, hey, whatever, part of the reason that some of us continue to be prepared for down, just in case, is so that we don't go crying if the BTC price does end up going down before UP.. but at least those same us are largely already prepared for UP, which may or may not be the case for a lot of folks who are either sitting on the sidelines or maybe some of those who are trying to manipulate the price down, they might end up suffering from overconfidence by some hard unsympathetic honey badger UPpity price moves.

[ChartBuddy]

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[Hueristic]

Yeah, about 1 year ago, I probably would have considered around $45k to be a reasonable pre-halvening price.. so yeah, maybe anywhere between $40k and $55k......

I've never considered anything below the ATH to be a reasonable price (to sell) anywhere near a halvening and anything less is a bargain.

[ChartBuddy]

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[WatChe]

Man I guessed everyone is being affected by the absurdness of the climate change now, what I suffer mostly from this from the fact that there might be an heavy rainfall during the day while during the night everywhere will be so heated up.

While those who may have planted crops earlier like yam, corn and the likes in my state will probably be replanting now since it the rain started pretty late here while the temperature was really heated up.

It's just the beginning and with time we will see more absurdness that will impact every area of life.
If you can specify your country we can have more idea of which area you are talking about.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[BitcoinBunny]

So the Dubai flood was probably due to cloud seeding.

I had no idea that was a thing.

Sorry Greta.   



I said sorry, I guess some cunts can't take an apology.



That's right, you are still a cunt.

[BitcoinBunny]

Congratulations, according to my maths we have survived over 50% unwinding of GBTC. On Jan 10 GBTC held BTC619.187 and today they hold about BTC308.606 which is 49,8% from before the ETF was approved! They still proved supply pressure for few more months, but we're over the hump!

Didn't the CEO, leader, or whatever the hell Grayscale has say that fees would come down, and last week that outflows had already reached equilibrium, yet the outflows still continue at $100s of millions per day?

Something very strange going on there when you actively want to go out of business, don't give a crap about it and just spout lies continuously.

[WatChe]

But, hey, whatever, part of the reason that some of us continue to be prepared for down, just in case, is so that we don't go crying if the BTC price does end up going down before UP.. but at least those same us are largely already prepared for UP, which may or may not be the case for a lot of folks who are either sitting on the sidelines or maybe some of those who are trying to manipulate the price down, they might end up suffering from overconfidence by some hard unsympathetic honey badger UPpity price moves.

I am finally in category of Bitcoiners who are not much worried to see price of BTC going down and I am happy to be there. Now I am confident that down price is nothing to worry about rather it's an opportunity to get bullish on gathering BTC. Price of BTC will eventually recovery sooner or later.  

[Gachapin]

So the Dubai flood was probably due to cloud seeding.

I had no idea that was a thing.

Sorry Greta.  



I said sorry, I guess some cunts can't take an apology.



That's right, you are still a cunt.

So.. "chemtrails", another conspiracy theory becoming true...

Congratulations, according to my maths we have survived over 50% unwinding of GBTC. On Jan 10 GBTC held BTC619.187 and today they hold about BTC308.606 which is 49,8% from before the ETF was approved! They still proved supply pressure for few more months, but we're over the hump!

Didn't the CEO, leader, or whatever the hell Grayscale has say that fees would come down, and last week that outflows had already reached equilibrium, yet the outflows still continue at $100s of millions per day?

Something very strange going on there when you actively want to go out of business, don't give a crap about it and just spout lies continuously.

they might have made a backroom deal with Wallstreet / Blackrock...

I mean Grayscale seems to be the main reason we are not at 100k yet

[Ambatman]

So the Dubai flood was probably due to cloud seeding.

It could or could be not. Maybe it played a role but am not sure it's the only factor.
The lives and property that would be lost
Water is beautiful but it scares me.

Halving in 2-3 days.
We still holding the $60K support
A huge bounce is possible if we continue holding this position.
Past week Bitcoin falls from Wednesday morning to evening but enter a temporary bullish momentum around evening.
If we hold this $60K till evening then
Off we will be going up.
Let's see how it goes

[ChartBuddy]

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[ChartBuddy]

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[SeeBiscuit]

"bitcoin is too expensive now, ugh!"

I told this person,

There are babies born today who will grow up and find interest in bitcoin. It is unfair to them that this mindset of big price = scary/inconvenient to buy is carried by so many of their elders. We need to teach people that the ability to buy bitcoin at all is just fucking great if you can do it.

Don't call me a penny pincher, call me a sat-snatcher please.

Also, I don't think price will go below 30k ever again.

[ChartBuddy]

Explanation
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