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

[ChartBuddy]

Explanation

[1715028733]

1715028733

[1715028733]

1715028733

[1715028733]

1715028733

[AlcoHoDL]

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).

Soylent Green

[sirazimuth]

......

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.

Well, someone's gotta hold the fort in this here history making thread after the legends are all 6 feet under.
Or maybe by then all OG's will have since created AI bots to post, and no one will ever know the difference.

[DVlog]

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."  

I think bear has a positive side too. Let them do the work and we will fill our bags.

[cAPSLOCK]

OT

#GoVanAert.

Did a little 20 miler early this morning myself.

Slow, but felt good.

[ChartBuddy]

Explanation

[cAPSLOCK]

[Xian01]

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.

IT'S ALL FALLING APART MAN.

SHIT IS OVER. SELL NOW WHILE YOU CAN.

CRAIG WRIGHT IS GOING TO FUCK US ALL WITH LAWSUITS.

IT'S GOING TO ZERO.

[ChartBuddy]

Explanation

[Biodom]

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 ?  

Or 69 to 17.6 to 47 to 21.5K, then to 175K.
21.5 is based on 3.8K/3.1K prior double bottom ratio.
175K is based on roughly 10X from the bottom (it would be 140k if we bottom at 14K).
rational: we seem to have diminishing series of % growth from the bottom. The last one was roughly 22X and the numbers before were 113X and 580X (in reverse order).
Of course, 10X is optimistic.
The exact series would suggest just ~4.4X, but then it would be "just" 77.5K.
I dismiss that (4.4X) because I think that "natural" progression of btc was affected downwards by the chinese move, hence next cycle might compensate upwards.

[Ludmilla_rose1995]

is this a BTC pizza or a BTC sandwich

[WatChe]

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.

IT'S ALL FALLING APART MAN.

SHIT IS OVER. SELL NOW WHILE YOU CAN.

CRAIG WRIGHT IS GOING TO FUCK US ALL WITH LAWSUITS.

IT'S GOING TO ZERO.

Meanwhile many like me who have bought bitcoin on 19k with hope that this is the bottom.




Image source

[BitcoinBunny]

Another teenage mass murderer in the USA.

 

Happy Independence Day... Ugh....

 

[ChartBuddy]

Explanation

[WatChe]

Another teenage mass murderer in the USA.

 

Happy Independence Day... Ugh....

 

6 dead, dozens wounded in shooting rampage at July 4th parade in Chicago suburb of Highland Park

Don't know what's stopping usa from reviewing there gun law. This is crossing limits now.

[Hueristic]

are we rich yet?

are we free yet?

 are we sane?

The definition is debatable.

[empowering]

https://youtu.be/oHs98TEYecM

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Wilhelm]

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.

75% of our food is imported so we will only harm our export.

But yes we are expanding the Maasvlakte with poluting petrochemical companies however cow farts and farmers are apparently the problem.