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

[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 ? 

[1714158763]

1714158763

[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

[Torque]

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.

Oh, you noticed that too?

It's not by accident.

The one thing that's changed tho, is they have a new angle.

Coming in here as a complete bear troll and spouting fear maybe worked in the early years, but they now realize that too many staunch bulls hang out here.

So they pose as bull maxis now: "A wolf in sheep's clothing."  

[cAPSLOCK]

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 ?  

Honestly I think trying to measure this based on previous cycles is madness.  It could do that, yes. But nothing about this "Cycle" was really all that much like any of the others.  And we are in a macro environment that few have foreseen.

[Dabs]

Up and down.

[eXPHorizon]

Coming in here as a complete bear troll and spouting fear maybe worked in the early years, but they now realize that too many staunch bulls hang out here.

[Hamza2424]

Oh, you noticed that too?



Coming in here as a complete bear troll and spouting fear maybe worked in the early years, but they now realize that too many staunch bulls hang out here.

So they pose as bull maxis now: "A wolf in sheep's clothing."  

Bear Troll ?
No Dear Torque what actually point is now all Bulls we have sceen can't help us in this situation
What you think having a new one

Well Lets consider as now we need new breed to Make BTC 100k+ to prove potential now we neeed this



Generally its Pakistan's Bull usually parched on Eid.
Aource: Facebook

[eXPHorizon]

[ChartBuddy]

Explanation

[Hamza2424]

Beep Beep

46.5% Total supply of the BTC already accumulated by the Whales.
Small investors are Selling in loss and an Avrage of
140K
BTC
Monthly Going to the Whales accounts.

[eXPHorizon]

Beep Beep

46.5% Total supply of the BTC already accumulated by the Whales.
Small investors are Selling in loss and an Avrage of
140K
BTC
Monthly Going to the Whales accounts.

everything going exactly as planned

[Ludmilla_rose1995]

Beep Beep

46.5% Total supply of the BTC already accumulated by the Whales.
Small investors are Selling in loss and an Avrage of
140K
BTC
Monthly Going to the Whales accounts.

whales are always the winners....weak hands are always the losers

[El duderino_]

OT

#GoVanAert.

[ChartBuddy]

Explanation

[Torque]

OT: Dutch farmers to their WEF-controlled govt: "Fuck you!"

https://twitter.com/TheRealKeean/status/1543300949870927873

[goldkingcoiner]

OT: Dutch farmers to their WEF-controlled govt: "Fuck you!"

https://twitter.com/TheRealKeean/status/1543300949870927873

Not sure whats happening there but my heart does rejoice at the sight of manure-covered politicians.

[BitcoinBunny]

OT: Dutch farmers to their WEF-controlled govt: "Fuck you!"

https://twitter.com/TheRealKeean/status/1543300949870927873

The Dutch will go hungry if the farmers keep the protests up. Blocking many food distribution outlets from what I've read.

Maybe McDonald's is unaffected.

[Gachapin]

OT: Dutch farmers to their WEF-controlled govt: "Fuck you!"

https://twitter.com/TheRealKeean/status/1543300949870927873

They want  total control over the food supply.

Gates bought a lot of farm land already...  just like he invested shit ton of money into vaccination programs just before the Covid circus...  

....of course everything just a kawinkidink    

[BitcoinBunny]

OT: Dutch farmers to their WEF-controlled govt: "Fuck you!"

https://twitter.com/TheRealKeean/status/1543300949870927873

Not sure whats happening there but my heart does rejoice at the sight of manure-covered politicians.

To save the environment* from supposed farmer's pollution they will be forced out under new 2030 Net Zero bollocks policies that were never in any manifestos or voted on / for.

*Read WEF policies for the west:
No local manufacturing or food production at all. People can eat bugs. Steak only for the elite.
More land for housing / tax slavery to fund the WEF Military Industrial Complex.
Unlimited space for 20-25 year old male immigration from supposed poor countries. The real poor people in those countries (women and children can fuck off and die).