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

[ChartBuddy]

Explanation

[1714526118]

1714526118

[ChartBuddy]

Explanation

[darkangel11]

Hello everyone, my vision, facts:
1) green levels are global and strong, they reflect the overall positive mood in the bitcoin world
2) a downtrend has formed - red

Potentially:
1) if it breaks 30k, it will fly up to 50k
2) you can drop to 8k (intersection of red and green)


https://telegra.ph/file/cda6f71cac00a592b9f1c.jpg
IMHO

If I were to give a % chance of these things happening, I'd say we have a 60% chance that we'll see a breakout to at least 35k by the end of the year,
25% chance we'll stay in this channel of 26k-31k,
10% that we'll drop to retest 19k,
4% chance that we'll go lower than 19k
and 1%, literally 1% chance that we'll see lower low than 15k. Chances of going to 8k are probably something like 0.01%. We'd need a worldwide mining ban or another pandemic to even come close to that.

That said, if we won't reach a lower low by March 2024, chances of this happening will decrease tenfold.

[Arriemoller]

Sunday yet again
Before you know it you're dead
Time really flies by

[d_eddie]

US banks failed causing a decline in global bank stock prices and prompting regulators to take measures to prevent Extra contagion. The failures were triggered by factors such as exposure to cryptocurrency and the selling of Treasury bond portfolios at a large loss.

Failed banks know it well
Crypto is bad for your stash
Here, only bitcoin




#haiku

[nutildah]

Sit in a bunker
Waiting for the worms to come
Here behind my wall

[AlcoHoDL]

Going sideways yo!
More boring than a bored ape.
Come on, corn... PAMP EET!

#sundayhaiku

[ChartBuddy]

Explanation

[Unknown Op]

Humanity is diminishing in the world
As a man can put a cat into a blender and killed
Which brought tears to my eyes 

https://www.instagram.com/reel/Cr3_IkaIG7a/?igshid=NTc4MTIwNjQ2YQ==

[Negotiation]

Revolutionary things always have critics. #Bitcoin ✨


https://twitter.com/BitcoinMagazine/status/1654971998181773313

[Coinpk]

Delete

[hisslyness]

Not sure why hash rate is falling, you think more people would be throwing what ever hardware they can at it. Total block fees are averaging about 2BTC per block, that about 32% of the block reward!...

C'mon @philipma1957, we need you to throw more gear at this thing! I still have 5 unconfirmed TX. Still haven't taught myself how to pay more than 1sat/vbyte.

[hisslyness]

I know everyone in this thread hates shitcoins with a passion so if you see this post, do tell your crypto friends to boycott this BRC20 abomination. Thanks.

I think we may have found our next distraction from the real thing!

It doesn't surprises me how gullible some people really are when it comes to parting ways with their hard earned money! Willing to gamble everything to find a shortcut to financial freedom!

[virasog]

Reference

Buy and accumulate BTC now before everyone jumps into BTC

[ChartBuddy]

Explanation

[HI-TEC99]

I know everyone in this thread hates shitcoins with a passion so if you see this post, do tell your crypto friends to boycott this BRC20 abomination. Thanks.

I think we may have found our next distraction from the real thing!

It doesn't surprises me how gullible some people really are when it comes to parting ways with their hard earned money! Willing to gamble everything to find a shortcut to financial freedom!

[HI-TEC99]

https://toronto.ctvnews.ca/data-breach-exposes-clients-personal-information-at-one-of-canada-s-largest-investment-firms-1.6381707

" Data breach exposes clients' personal information at one of Canada's largest investment firms
...
I don't have much with Mackenzie but the first thing I do will be to move it out... I'm thinking Bitcoin.

[ChartBuddy]

Explanation

[Learn Bitcoin]

I don't know when the ordinal craze is going to end. But, It reminded me of NFT (Non-Fuckible things) on ETH Network. Those Non Fuckible things often congested the network. Fuck You, who invented the system to build NFT and Shitcoins using Bitcoin Network.

Look at this list. Bunch of Garbage there https://brc-20.io/
BTW, You can see the ordinals data from here by DdmrDdmr https://dune.com/ddmrddmr/ordinals-data

It will take at least a few weeks to clear the mempool. Over 400K Unconfirmed transactions!

[psycodad]

I don't know when the ordinal craze is going to end. But, It reminded me of NFT (Non-Fuckible things) on ETH Network. Those Non Fuckible things often congested the network. Fuck You, who invented the system to build NFT and Shitcoins using Bitcoin Network.

Look at this list. Bunch of Garbage there https://brc-20.io/
BTW, You can see the ordinals data from here by DdmrDdmr https://dune.com/ddmrddmr/ordinals-data

It will take at least a few weeks to clear the mempool. Over 400K Unconfirmed transactions!

Rumours are that the very latest increase is not from ordinals but due to this bovine-originated-fertilizer-like BRC20 thingie..:

..
Behind the congestion is believed to be a surge in BRC-20 transactions in the last few days. The trading frenzy on memecoins like Pepe (PEPE) drove Bitcoin transaction fees to their highest point in two years. The PEPE token has jumped over 263% in the past 7 days, according to CoinMarketCap.
..

https://cointelegraph.com/news/binance-closes-btc-withdrawals-amid-congestion-on-the-bitcoin-network

[Edited to add cleartext link]