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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ivomm]

lower bottom or not, I think of a major bounce in the next 2-8 wk, maybe even into September.
SP500 to 4300 (at least)
btc to above 28-29K (at least)
next couple of days are less clear, though.

This bear market is different and even more unpredictable than usual. For the moment it looks like any 5% increase is followed by a 15% drop. Nothing has changed since the last ATH. And this can only be explained by a massive BTCictoin spending as collateral to avoid liquidation and insolvency. Nobody knows if in the next days another fund will explode with 10K+ BTCitcoins on fire sell. For that reason most of the investors either lost interest or wait at the sidelines for the dust to settle. The so called institutional investors are hard to attract and even harder to keep when the price is 50%+ below their purchase price. Even if there is a disbelief rally to 35K+ in the coming weeks, the remaining institutional investors will sell at break even and some of the hodlers will sell something, knowing that a revisit to 20K is to be expected. If the pattern of the previous cycles is kept, the average price will gradually increase to 3x from the bottom until the end of 2024. Examples: 10K->30K, 15K->45K, 17.5->52.5K. And if there is a new ATH in 2025, it might be around only 2x from the last, i.e. 140K. This is what I think, but I might be awfully wrong in both directions, like sub 10K bottom and no new ATH in 2025, or the other extreme - a new ATH beyond 300K.

[eXPHorizon]

[El duderino_]

[ChartBuddy]

Explanation

[Muhammad Shoaib]

When We can say its the bottom.
Well Voting says its not and news and Analysts are confused 🤔.

To Bring out a solution I was considering if market doesn't Crash more on Bad news constantly thats yhe bottom but on 1st of July i was proved wrong that market showed a great Uncertainty and crashed again so I'm now sure thats not the bottom by the way.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[savetherainforest]

Get rekt!

To be honest, I sometimes in some days I forget to look at the price.       << That happens when you invest too early. But now I'm tending to my basil, parsley and salads that I grow in my balcony.    


F^ck McDonalds when you can grow your own potatoes. Also do water fasting and eat once per day. Also live in a tropical country without heating bills.       

[ChartBuddy]

Explanation

[Wilhelm]

Get rekt!

To be honest, I sometimes in some days I forget to look at the price.       << That happens when you invest too early. But now I'm tending to my basil, parsley and salads that I grow in my balcony.    


F^ck McDonalds when you can grow your own potatoes. Also do water fasting and eat once per day. Also live in a tropical country without heating bills.       

Once BTC goes 200k I'm off to that tropical country too. C'mon Bitcoin 

[shahzadafzal]

Only if the knew about bitcoin.



https://www.facebook.com/107082431687182/posts/pfbid02ntCqrSLazRjoWGXpUk6awxzuubLRo5SdhJzCmoAoZXFz6A4ZJ91pkxrTRdh2mFZQl/?d=n

[savetherainforest]

Get rekt!

To be honest, I sometimes in some days I forget to look at the price.       << That happens when you invest too early. But now I'm tending to my basil, parsley and salads that I grow in my balcony.    


F^ck McDonalds when you can grow your own potatoes. Also do water fasting and eat once per day. Also live in a tropical country without heating bills.        

Once BTC goes 200k I'm off to that tropical country too. C'mon Bitcoin  

Nah man... You are doing it wrong. That is when everyone will be there and prices will rocket to the skies.    


You go there and live in a tent for 2 months and gather wood and make clay bricks, then when bitcoin is up you buy a bed and mosquito nets, ah yes, you should buy mosquito nets first thing.    

Go enjoy living man! Live like a homeless man in the tropics.    


*edit(): Ah... I forgot to tell: In some countries you might have to bring a small army to impose the law because there might be political instability.    

So bring you boats from Colonial Holland with a bunch of drunk mean sailors and conquer that sh!t like the conquistadorés.     (Ps. Also bring Michael Saylor      )

Man. It will be instability. Avoid small countries or islands, those will get f^cked the most. Pick a big country with a strong-retarded-government. Examples: Venesuela/Colombia/Brazil.

*edit(2):  Venesuela has strict communism enforcement, oil independence, and mostly peaceful population.
Colombia has experience fighting rogue guerila factions. And Brazil has Swat teams shooting at random jungle people from helicopters.    

*edit(3):  Always make sure for Venesuela to make it seem that you are receiving money from a foreign country, often/monthly/on a fix date.

[El duderino_]

[ChartBuddy]

Explanation

[Lucius]

[Dabs]

https://www.thisismoney.co.uk/money/cars/article-10968909/New-EU-vehicles-fitted-speed-limiting-tech-6-July-Britain-follow-suit.html


"The speed-limiting systems use GPS, sat-nav and cameras to identify the legal limit and will warn drivers to slow down - and if they don't the car can restrict engine power"


Fuck this

old (used) cars would dramatically increase in price, perhaps.

Not sure if this has been said, but hardware hackers will fix the software or firmware. It would be illegal, but someone will attempt to do it. They did that with speed limited motorcycles that were not supposed to go beyond 300kph or something, like one of those 1000cc engine bikes. Ninja, Buggati, or ... I don't remember which brand, the one used by "ghost rider" (not the movie, the european motorcycle guy speeding all over Europe.)

[Hamza2424]

Well said,

Thats the fact that now everyone is finding a point of ponder to Blame the things happening across the Inflation in my country we are struggling hard with the
30% of the Off record Inflation and over 40% Unemployment Rate increase.

Finding a way to avoid but the way is blocked by the World Economics Foundations which were created on the name of helping and these foundations demanding increase in required food item prices regularly.

Protests are ongoing in the countries but who cares

Bangaladesh

Source: Twitter

Sri Lanka

Source: Daily Sabah

Pakistan

Source: Twitter

Video: https://twitter.com/DrSadiaA/status/1543324763501862913?t=WT1xLfydyYQfAbuse2UGIA&s=19