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

[JimboToronto]

Good morning Bitcoinland.

Still going basically sideways, I see. A couple of attempts to start a panic but after the first one, it was right back to $750 in less than 2 hours, and after the second, we're already back over $740 and climbing.



Pretty much where we were on Friday. After 3 consecutive Sundays of setting new 2-year highs, we got a low-volume continuation of the consolidation period preceding another shot at $780. This could take some time.

[Alley]

I think we're topped out at $800 until the halving actually decreases supply.

[inca]

Bears not breaking through, bulls not pushing higher either.

Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say. 

[julian071]

Alts are up and LTC is down. I took my profit on that falling knife and will wait, a second dump might be coming.

[Wandererfromthenorth]

Deeper retracement coming.

[savetherainforest]

Bears not breaking through, bulls not pushing higher either.

Not so convinced this is over yet. We may go sideways from here, but we need a retest of the 6xx's (or a decent correction) before pushing a lot higher I would say.  

From what the candles speak to me.... "The Dragon" just bought 40.000 BTCitcoins!

I'm not sure how many he needs to bleed and thirst the markets so he can make an easy upward gentle push through all the bullsh!t.

[toknormal]

We are starting to get mainstream breakthrough.

[savetherainforest]

WE ARE HERE!!!

Look:

[noobtrader]

WE ARE HERE!!!

Look:

next bubble @ 3000 usd 

[inca]

WE ARE HERE!!!

Look:

next bubble @ 3000 usd 

Very little chance of that happening on this run.

[BitUsher]

Very little chance of that happening on this run.

Brexit

http://www.zerohedge.com/news/2016-06-20/cable-just-snapped



This is good for btc! .

[Karartma1]

4 days out and it seems like I was off for 1 year. Can't keep up this way. My stop loss orders were devoured on finex.
Still, more than 700$ dollars is a really good price approaching the halving and the brexit. can't wait

[steven0021]

WE ARE HERE!!!

Look:

Funny how that looked like a whale  

next bubble @ 3000 usd  

Very little chance of that happening on this run.

I don't think we'll get another bubble like that one again. Unlike back then, now some people are bound to dump their btc at the slightest sign of bubble (like that one.) bursting. Besides, I think it'll be much better if the price raise steadily instead of going crazy like that

[gentlemand]

Unlike back then, now some people are bound to dump their btc at the slightest sign of bubble (like that one.) bursting.

People like to think that they're older and wiser now, but they're always going to be prone to mania and squealing 'this time it's different'. Human nature doesn't change. And perhaps one day it will be different. Not yet though.

The only people who will be dumping at the key moments are the ice men who are above such things and will always be with us pulling the strings.

[inca]

I just think there are a lot of people who held through the last bubble and subsequent crash. They are 3 years older and are likely to take profit now and as we go higher.

The price has already run from 200 to 789 and we aren't even at the halving yet. The whole shebang so far is the market attempting to price in the halving phenomenon before it has actually exerted any effect on new coin emission.

I just don't think we go much higher without a decent shakeout. There is still nearly three weeks to the halving date - lots can happen in that time :-)

[Its About Sharing]

WE ARE HERE!!!

Look:

Funny how that looked like a whale  

next bubble @ 3000 usd  

Very little chance of that happening on this run.

I don't think we'll get another bubble like that one again. Unlike back then, now some people are bound to dump their btc at the slightest sign of bubble (like that one.) bursting. Besides, I think it'll be much better if the price raise steadily instead of going crazy like that
[/quote]

There is much much bigger money getting involved in bitcoin and also consider the global financial situation (again), Juan devaluations and Capital Controls (and most of this buying is from China), rising awareness of a corrupt and inflated money system, Billion plus into BTC infrastructure last year alone, etc.

There are many many more reasons to have another bubble and for us to sustain the price in the thousands. It is just simple math. We are sitting on a disruptive financial technology that is slowly being adopted and has a "market cap" of 12 or so Billion? In finance? lol, we are just getting started....

[fichtn12345]

first bubble more than 10$
second bubble more than 100$
third bubble more than 1000$
fourth bubble more than 10000$

 

[kehtolo]

WE ARE HERE!!!

Look:

next bubble @ 3000 usd 

Are we going to form the biggest cup and saucer in history before the mega supper bubble??

[toknormal]

As I wrote in 2013 The fifth growth spurt

Congratulations on your foresight.

This guy also seems to have been pretty damn on the money for the time....

This is a joke.  The last bubble/correction hasn't even begun yet.  It needs to get back to 200-300 before its next move of up or down.

[AlexGR]

We are talking about bubbles in a highly undervalued asset, just because price appears "high" due to a small number of coins.

The exact same asset, if counted in 21bn millibits, would sound "very cheap" at ...75 cents and people would be like "ohhh it'll go to 1-2-10-100$ easy".