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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Paashaas]

Sentiment is more bullish than anticipated when those longs below $70K not getting liquidated.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[cAPSLOCK]

This is a very interesting point that we've reached at this moment.

Considering various price targets and other stuff that I'm not understanding of, I may make a picture of the chart on my phone and lines that I put on it because I like to do that just to feel like I have some kind of input to technical analysis.

[philipma1957]

Well it is nice to see 74234 vs 59890

this is a gain of 23.9%

We all know we need to go a lot high but this is a bit of relief for people running the mines.

https://newhedge.io/bitcoin/difficulty-estimator

Latest Block:   940899  (11 minutes ago)

Current Pace:   92.3721%  (1444 / 1563.24 expected, 119.24 behind)

Previous Difficulty:   144398401518100.9                            
Current Difficulty:   145042165424853.3                            
Next Difficulty:   between 134008865645469 and 134834567752043
Next Difficulty Change:   between -7.6070% and -7.0377%
Previous Retarget:   March 5, 2026 at 12:25 PM  (+0.4458%)
Next Retarget (earliest):   Friday at 2:55 PM  (in 4d 4h 58m 19s)
Next Retarget (latest):   Friday at 5:10 PM  (in 4d 7h 12m 20s)
Projected Epoch Length:   between 15d 1h 30m 45s and 15d 3h 44m 46s

now when we hit 126 k on oct 6 the difficulty was 142t

so if the difficulty becomes 134t

price only needs to be 134/142x126= 118,901  for profits to be the same

Trumps decison to attack Iran has helped mining a bit except for of course in Iran.

Time will tell if this rally gets any where near 118k and is a real bull and not a baby bull.

But 250 million people are in the Middle East that have had their countries hit by bombs drones missiles and they are very likely to continue buying btc to protect their wealth from destruction.

Gold went under 5k today it is back to 5032

[cAPSLOCK]

As I've never been much of a miner I don't think I am as sensitive to price and its relationship with hashrate as others may be (looking at  you PM).

But one thing I've been knocking around in my dustbin are the effects of AI on power consumption, datacenter use, and therefore Bitcoin mining.

It has seemed to me to be an obvious first order effect that we would see some fair weather Bitcoin miners jumping over to the greater hype of AI.  Obviously, I think situations will become much more intricate than just "we used to be a Bitcoin miner. Now we're going to retool everything and become an AI data center."  and frankly, the people that follow that path will most likely get run over by the reality of something.

And I haven't thought a lot about it, but I could imagine AI datacenters dedicating a certain portion of their resources to Bitcoin mining, and there could be advantages to doing it in some sort of a modular way where demand can be met with different forms of compute.

Then there is the whole subsidized reward part of mining, which continues to go away. This is very interesting and obviously some people think it eventually breaks Bitcoin. I am not one of those people for what it's worth, but...

Lots to chew on.

[vapourminer]

This is a very interesting point that we've reached at this moment.

Considering various price targets and other stuff that I'm not understanding of, I may make a picture of the chart on my phone and lines that I put on it because I like to do that just to feel like I have some kind of input to technical analysis.

my technical analysis:

smoke enough weed till the chart lines blur, then click "buy"

worked out great so far

[cAPSLOCK]

This is a very interesting point that we've reached at this moment.

Considering various price targets and other stuff that I'm not understanding of, I may make a picture of the chart on my phone and lines that I put on it because I like to do that just to feel like I have some kind of input to technical analysis.

my technical analysis:

smoke enough weed till the chart lines blur, then click "buy"

worked out great so far

I love it. Ive always loved the fact that it was us stoners and gamblers who began to see why this money mattered first.

[cAPSLOCK]

Sure...a recovery, but only future would say if it was a baby bull or just a bounce.
However, i hope for the former.

I could change my name to future if it would make the truth easier to digest for you.

Jokes aside, as long as we keep seeing lower highs the bear market is in place. This latest bounce that resulted in a rejection at the $74K resistance level was actually extremely bearish.

So this would make me assume that we are at an interesting point. This is sort of the reason I said that a moment ago. Looking for Mr. Nasty's, interpretations. I suppose if we bounce off this level right here and shoot back down, it would be a grand confirmation of the various readings.

But is that going to happen?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Sure...a recovery, but only future would say if it was a baby bull or just a bounce.
However, i hope for the former.

I could change my name to future if it would make the truth easier to digest for you.

Jokes aside, as long as we keep seeing lower highs the bear market is in place. This latest bounce that resulted in a rejection at the $74K resistance level was actually extremely bearish.

So this would make me assume that we are at an interesting point. This is sort of the reason I said that a moment ago. Looking for Mr. Nasty's, interpretations. I suppose if we bounce off this level right here and shoot back down, it would be a grand confirmation of the various readings.

But is that going to happen?

maybe 🤔

you never know.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Time will tell if this rally gets any where near 118k and is a real bull and not a baby bull.

Oh gawd..  

There is no such thing as baby bull.  Baby bulls are like fairies..

Imaginary.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

Time will tell if this rally gets any where near 118k and is a real bull and not a baby bull.

Oh gawd..  

There is no such thing as baby bull.  Baby bulls are like fairies..

Imaginary.

Aww!  That one hurt a little.

[BTCETFInvestor]

Looks like some of the leaders of NATO countries are wanting protection from the U.S. but they refuse to reciprocate when we ask for help to eliminate Iran's threat to U.S. and Israel, and to help open the Strait of Hormuz so those same NATO countries can get the oil and LNG they need for their country people.

While the United States is largely energy-independent due to its own domestic production, many NATO allies remain highly vulnerable to the current blockade. Roughly 20% of the world’s oil and 19% of global liquefied natural gas (LNG) transit the Strait of Hormuz, and European members are the primary "beneficiaries" President Trump referenced in his recent warnings.

While NATO remains a significant alliance, public and political appetite for direct military intervention among some member states is often limited, with a median of 50% across 16 countries in a 2020 survey suggesting they would not defend a fellow ally. While European capabilities are growing, the alliance faces reliance on the US, specifically in logistics, surveillance, and long-range precision

I look for President Trump tell those NATO countries that refused to help the U.S., that they are on-their-on as weak, worthless pussies if another country (i.e. Russia) decides to take action against them... I couldn't blame Trump if he pulls out of NATO and shuts it down. Thanks you weak-ass European pussy countries!  

As of mid-March 2026, the situation regarding the Strait of Hormuz and the U.S.-led military campaign against Iran has created a significant rift within NATO. While some Eastern European allies have voiced support, several major European powers have flatly refused or shown deep reluctance to participate in naval missions to reopen the strait or join the broader conflict.


Countries Declining Military Involvement

Following President Trump's recent calls for a coalition to secure the waterway, the following NATO members have publicly distanced themselves from the mission:

►Germany: Defense Minister Boris Pistorius and Chancellor Friedrich Merz have ruled out participation, stating, "This is not our war." Germany has emphasized that NATO's mandate is for territorial defense, not offensive operations in the Middle East.
►Italy: Prime Minister Giorgia Meloni announced that Italy "does not take part" in the military strikes and has begun withdrawing some military personnel from the region to avoid escalation.
►Spain: The Spanish government has refused to allow the U.S. access to its bases for strikes on Iran and has stated it will not participate in any mission that could further escalate the conflict.
►Greece: Government spokespeople confirmed that Greece will not engage in military operations in the Strait of Hormuz, opting only to maintain its involvement in existing defensive EU missions.

Countries Expressing Reluctance or Caution

►United Kingdom: While Prime Minister Keir Starmer has called the reopening of the strait a "viable plan" for market stability, he has explicitly stated the U.K. will "not be drawn into the wider war." The relationship has been described as strained after the U.K. initially refused to let British bases be used for the opening strikes of the conflict.
►France: French officials have maintained a "defensive and protective" posture. President Macron has suggested a purely defensive escort mission might be possible only after the "most intense phase" of the war has ended.

The "Very Bad for NATO" Warning

The reluctance of these allies has led to heightened tensions within the alliance. President Trump warned on March 15, 2026, that it would be "very bad for the future of NATO" if allies did not step up to help secure the strait, which carries roughly 20% of the world's oil. He has emphasized that the U.S. will "remember" which countries provided support and which did not.

[ChartBuddy]

Explanation
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