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

[JimboToronto]

No stress in bitcoin,  you don't need to go through Terrible stress over your hard earn money to secure it.

Install a wallet and you're done? No you're not done. They left out the most important step.

Get your Bitcoin out of that wallet and into secure non-vulnerable cold storage addresses.

Wallets are weak, even hardware ones. They should only be used on a transitory basis for moving coins, never for long-term storage.

[1714277313]

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[1714277313]

1714277313

[ChartBuddy]

Explanation

[philipma1957]

Explanation

So buddy you serving some dip up tonight?

[xhomerx10]

Bitcoin is a free speech.  People don't actually know the power they have.

https://twitter.com/ShannenJPEG/status/1628961655638880258?t=fjMo5wvhn3mcR6WefRtjhg&s=19

 OMG!  She's eating cyrus!

[Patrol69]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

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[BobLawblaw]

[ChartBuddy]

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[Popkon6]

NEW: #Bitcoin    ATMs spotted in Romania 🇷🇴 👀



https://twitter.com/BitcoinNewsCom/status/1628773584406470657?t=ybi59xeqsRTgxPeoCpCweA&s=19

[cygan]

The Montana state senate has officially passed a bill to protect Bitcoin and Crypto mining rights. The bill was led by Dennis Porter and the Satoshi Action Fund and was passed by a landslide vote of 37-13.

https://watcher.guru/news/montana-senate-passes-bill-to-protect-bitcoin-and-crypto-mining-rights

[ChartBuddy]

Explanation

[cygan]

[Inwestour]

Bitcoin has held up well through all this chaos even as traditional markets are breaking down.  That's a good sign for now and hopefully the "cycle" continues to overpower global investment conditions.  It would be pretty nuts if traditional markets and real estate all fell while Bitcoin saw another boom cycle.  It's almost hard to believe it could be possible, as we would all be in very good positions to invest in traditional assets.

It's hard to believe, if something happens that brings down all the markets, then the cryptocurrency market will follow the global trends. And if bitcoin manages to survive this, then I think that its value will only increase for many investors and I'm not sure if I would like to exchange it for any other assets under such conditions.

Wallets are weak, even hardware ones. They should only be used on a transitory basis for moving coins, never for long-term storage.

Why do you think, that hardware wallets are a bad way to hold bitcoins?

[ChartBuddy]

Explanation

[dragonvslinux]

Officially not liking the rejection from $25K anymore now $23K is breaking, this was my level for bullish continuation but instead is starting to look similar to that of August rejection.

Bulls think price won't re-visit $20K, bears still think we're going to $10K, probably both will get this wrong if Bitcoin get's it's way.



If price can turn the 50 Day MA into support around $22.2K and create a higher low then I'd happily change my mind, but otherwise it's rising very fast and looks like it could cut through with ease given the volume gap. Ideally we would have been re-testing it around $23K where there was/is volume support, but price has dropped too quickly. Daily RSI remains neutral so room for more downside, even if not quite bearish yet.


At best this is a fake out style shake out at volume support. Currently breaking the 200 MA on 4hr, which similar to earlier in the month might not be that bearish (or relevant):



Otherwise not too concerned about the pull-back as long as the 200 Day MA turns into new support around $20K. Accumulation volume at $19K still looks healthy to me, below that I'm bearish though.

[pawel7777]

just a weekend dip, r..right guys?

[ChartBuddy]

Explanation

[macson]

just a weekend dip, r..right guys?

don't panic, this is still under normal conditions, bitcoin price is always this fluctuating