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

[Biodom]

This shows that the bear market is caused solely by "institutional size traders":
https://u.today/bitcoin-ethereum-and-altcoins-present-signs-of-incoming-price-turnaround-heres-when

we have 3.3 mil small holders with more than 0.1 btc.
Total holdings of 0-1btc wallets is 6% and these holdings kept growing through almost all bear markets (with a small spike and decline in 2017)
All we need is to have just 10-15 times more small holders and bitcoin might reach a much higher plateau.
'smart" funds would have to pay through the nose to get some.

[ChartBuddy]

Explanation

[DaRude]

This shows that the bear market is caused solely by "institutional size traders":
https://u.today/bitcoin-ethereum-and-altcoins-present-signs-of-incoming-price-turnaround-heres-when

we have 3.3 mil small holders with more than 0.1 btc.
Total holdings of 0-1btc wallets is 6% and these holdings kept growing through almost all bear markets (with a small spike and decline in 2017)
All we need is to have just 10-15 times more small holders and bitcoin might reach a much higher plateau.
'smart" funds would have to pay through the nose to get some.

Or all of those small holders need buy the dip to 10-15x their BTC hodlings

[ChartBuddy]

Explanation

[Hamza2424]

Source: Telegram.
Remember maximum people talk about same thing about the bear these days but need to remember Thought process changes as Bear Change into Bull so Good Luck until new BULL with Long Run

[goldkingcoiner]

are we rich yet?

are we free yet?

 are we sane?

are we bored?

[ChartBuddy]

Explanation

[savetherainforest]

are we rich yet?

are we free yet?

 are we sane yet?

are we bored yet?

are we ready yet?   
are we there yet?      

[Hamza2424]

FUN FACT:  On this day 10 years ago, #Bitcoin was $15.40.

Bitcoin expansion was similar to Universe inflation: very rapid initially, much slower later.
Example: btc "was" about 0.003 when Laslo purchased 2 pizzas for 10000 btc in 2010.
From 2010 to 2012 ($15.4) was a 5133X price expansion
From 2012 to 2022 (now) was "only" a 1240X expansion in five time longer period (10 years).

projecting: ~300X price expansion in 50 years or $5.73mil by 2072. Quite doable.

See What He Thinks,

Bitcoin is Pure Great Fools Theory

Bill Gates

https://youtube.com/shorts/CPK5XPg4Na0?feature=share

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Cryptolove20015]

RUSSIA: Central Bank to support legal Bitcoin mining if BTC is sold outside Russia.

Link:https://twitter.com/BTC_Archive/status/1543888780922347521

[vapourminer]

are we rich yet?

are we free yet?

 are we sane?

do we want to be sane?

[WatChe]

are we rich yet?

are we free yet?

 are we sane?

do we want to be sane?

Do we hodl or panic sell ?

[ChartBuddy]

Explanation

[cAPSLOCK]

are we rich yet?

are we free yet?

 are we sane?

I thought about it...

One out of three aint bad?

PS Also, you guys noticing we have really really entered that weird point in a bitcoin cycle where all these weird noobs and unknowns start showing up out of the woodwork?  Certainly some are future WO members in good standing.  But there are so many... seems like this happens every time.

[ChartBuddy]

Explanation

[gallianooo]

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.

Based of the previous cycle, the increase from the bottom was 3K end of 2018 till 14K in june 2019, so almost x5 not x3.

yes, but (14/3.1)X 17.6 would be 79.5, an ATH, while in 2019 we went to roughly 70% of prior ATH.
70% of 67566 is 47.3K, a very possible number that already figured multiple times in prior discussions.
I just don't want to talk about it as a high probability target mid term. If we get there, it would be awesome, sure.

So 69k -> 17.6K -> 47K -> final bottom 9/10K -> new ATH 140K ? 

[ChartBuddy]

Explanation

[Muhammad Shoaib]

are we rich yet?

are we free yet?

 are we sane?

do we want to be sane?

Do we hodl or panic sell ?

I think so you better know what to do and what not to


Still i will say