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

[ChartBuddy]

Explanation
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[FinePoine0]

Here are some facts about Bitcoin price prediction. Will Bitcoin Hit 41k in 2023?

Bitcoin's Short Term Price Prediction

Date       Avg Price          Lowest Price         Highest Price

25 Jun 2023  $28302.16   $26321.01     $30283.31

26 Jun 2023  $29474.71   $27411.48     $31537.94

27 Jun 2023  $30104.66   $27997.33     $32211.99

28 Jun 2023  $29944.88   $27848.73     $32041.02

3 Jul 2023     $30026.45   $27924.60   $32128.30

8 Jul 2023     $30261.11   $28142.83   $32379.38

18 Jul 2023   $30907.02   $28743.52   $33070.51

August 2023  $31917.24   $29683.03   $34151.44

September 2023   $32502.80   $30227.61   $34778.00

October 2023       $33088.37   $30772.18   $35404.56

November 2023   $33673.94   $31316.76   $36031.11

December 2023    $34259.50   $31861.34   $36657.67


Details: https://ambcrypto.com/predictions/bitcoin-price-prediction


According to this post I can say that the price of Bitcoin will increase greatly in 2023.  $36657×2=$73314 dollar is more likely to be touched in December.

2021 peak price was $69k so I long believe that in December 2023 Bitcoin price will pass the past price.
 And comparing the price of Bitcoin for the month of June gives the equation.
 In June the lowest price was $24,6k and now the current price of bitcoin touched $31,5k just recently (1-2 week) the price of bitcoin has gained about 15%.

[Gachapin]

https://twitter.com/BTC_Archive/status/1672226942173556736?t=xgG0cixZZz2dDxT9t32kHA&s=19

Actually, the second spot indicated by an X was, indeed, the safest place to enter to achieve the most gains in the shortest period of time.
I remember Willy Woo also posting something along these lines. Granted, it was only about 4-5X, but in a short order and without sudden catastrophic plunges.
It was a great place for a small leverage, too. Sure, you could have bought at 6-7K (indicated by a start of the bull run), but if you did anything else, but a straight cash buy (no leverage), your position would have been eviscerated. We had one glaring example like this here-a mindtrust guy, who became "famous" for an aggressive accumulation between, maybe, 3k and 10K, and then selling all in panic at around 4-4.5K during the Covid crash. You might think that this kind of a sudden plunge would never occur again, and you could be right, but it is unknowable.

For someone looking for a quick gain that was definitely the best point, and the most risk-free.  But it's more obvious in hindsight.
PlanB made some more or less similar "trading rules" based on the previous cycles:

1)
Trading rule based on S2F model. Buy BTC 6 months before halving and sell 18 month after halving. Outperforms BTC buy&hold in both return and risk....
https://twitter.com/100trillionUSD/status/1650778260442062848

2)
Quant Investing 101
https://planbtc.com/20220807QuantInvesting101.pdf


But who knows how long we can rely on the previous cycle performance. You never know if next time will be different ....

Yes, nice find, but I would like to state the following:

"Any market trend rule, once publicly revealed, stops working."

Perhaps, there is a rule like this on the books, I don't know.
I would just call it a market prediction fallacy conjecture (MPFC).

As a result, i wouldn't count on that -6 to +18 rule as it could very well become a -10 to +14, which means the time is NOW.

Yes I think about it the same way.
Actually, in light of the decreasing impact of the halvings, the timing of peaks and lows of this cycle being still similar to the previous cycles is almost a wonder to me ...
I guess it's because there are still enough new actors entering the market. As soon as most market participants know about the cycle history and behave accordingly, the cycles will probably break.  

I don't know when that will be so I won't try to time the market by expecting certain cycle movements.  Although, every bear I wanna kick myself in hindsight for not selling the tops.

But buy & hold served me well enough (actually very well).  It's lower risk and easy to handle.

[Biodom]

Here are some facts about Bitcoin price prediction. Will Bitcoin Hit 41k in 2023?

<snip>

Details: https://ambcrypto.com/predictions/bitcoin-price-prediction


According to this post I can say that the price of Bitcoin will increase greatly in 2023.  $36657×2=$73314 dollar is more likely to be touched in December.

2021 peak price was $69k so I long believe that in December 2023 Bitcoin price will pass the past price.
 And comparing the price of Bitcoin for the month of June gives the equation.
 In June the lowest price was $24,6k and now the current price of bitcoin touched $31,5k just recently (1-2 week) the price of bitcoin has gained about 15%.

TL;DR You are basically saying that because bitcoin increased 15% recently it means that it would be at 73.3K in December 2023. There is a reference to some article that predicts 36.6K, but the rest of your post replaces it with 73K. Is this it, pretty much?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[philipma1957]

Fucking world is nuts.


Plant-based activists demand ‘Macon Bacon’ baseball team change name to stop its ‘glorification of bacon’


https://www.msn.com/en-us/foodanddrink/foodnews/plant-based-activists-demand-macon-bacon-baseball-team-change-name-to-stop-its-glorification-of-bacon/ar-AA1cUNSr?OCID=ansmsnnews11



Sorry I eat bacon and have always loved the "Macon Bacon" logo

My advice is
Don't keep Bacon off your plate.
Enjoy it while you can.












Some respect to some religions below.

"unless you choose to believe a religion that bans it"

[ChartBuddy]

Explanation
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[BobLawblaw]

Man... I don't think $30k is gunna hold...

[Gachapin]

Man... I don't think $30k is gunna hold...

when you sell here, it might bias you to think that ..

[nutildah]

My advice is
Don't keep Bacon off your plate.
Enjoy it while you can.

This was almost a haiku

My sage advice is
Don't keep bacon off your plate.
Enjoy while you can.

[AlcoHoDL]

My advice is
Don't keep Bacon off your plate.
Enjoy it while you can.

This was almost a haiku

My sage advice is
Don't keep bacon off your plate.
Enjoy while you can.

Taking it one step further...

You freakin' woke sluts,
Take your hands off peoples' plates!
Repressed omnivores.

[ChartBuddy]

Explanation
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[_Hiloveua_]

https://www.cryptoglobe.com/latest/2023/06/blackrocks-bitcoin-etf-bid-could-unlock-a-15-trillion-crypto-boom/


In a pivotal moment that sent tremors through the digital currency landscape, BlackRock, the behemoth asset manager with nearly $10 trillion in assets under management, has intensified its foray into the cryptocurrency domain. In a move that could unlock a $15 trillion crypto boom.

This entrée was marked by the firm’s filing for an exchange-traded fund (ETF) centered on the spot bitcoin market, which catalyzed a notable ascent in bitcoin’s value, with the flagship cryptocurrency being up nearly 20% over the past week. The broader cryptocurrency market rallied as well, to now have a market capitalization of $1.17 trillion.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[nutildah]

Our buddy trembles
Hesitant to cross the line
From lame to glory

[ChartBuddy]

Explanation
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[OgNasty]

My advice is
Don't keep Bacon off your plate.
Enjoy it while you can.

This was almost a haiku

My sage advice is
Don't keep bacon off your plate.
Enjoy while you can.

Taking it one step further...

You freakin' woke sluts,
Take your hands off peoples' plates!
Repressed omnivores.

I pity the fool that tries to take away my bacon. I am a little worried that I might need to become a farmer at some point. Definitely enjoying bacon burgers while I can though. It seems insane to me that I entertain that as a real thought, but I really do. I had 1/2lb of bacon for breakfast this morning.

[ChartBuddy]

Explanation
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