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

[ChartBuddy]

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[Learn Bitcoin]

Three in a row is enough, buddy!
A friendly interruption!

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[cafter]

The saga continues

Bitcoin at $30: "I'm too late"
Bitcoin at $6: "It failed"
Bitcoin at $900: "I'm too late”
Bitcoin at $200: "It failed"
Bitcoin at $17,000: "I'm too late"
Bitcoin at $3,500: "It failed"
Bitcoin at $69,000: "I'm too late”
Bitcoin at $18,000: “It failed”



https://twitter.com/TitodJOriginal/status/1677334817313021954
https://twitter.com/CooliganFields/status/1677295173355618304

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[Out of mind]

"It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophesy."
- Satoshi Nakamoto
source

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[HelliumZ]

I think the “stability” we’re seeing in the market is a strong base being built on $30K. The dips below are getting shorter and shorter, so there’s clearly buying interest at that level. While I hate to be the guy to say it, I do think that in 10 months from now we will likely never see a Bitcoin price below $30K ever again in our lifetimes.

Bitcoin could hit $100k by the end of 2024 - by British Multinational Bank Standard Chartered.
Yes but it is true that Bitcoin has been hovering around and above $30k for a long time. All these investors who were hostile towards Bitcoin have recently started to comment positively on Bitcoin. So it goes without saying that Bitcoin will not drop below $30000 in the coming days. It is also possible that Bitcoin will exceed $40,000 from next August.

[philipma1957]

Today: 30 year mortgage 7.7%, refinance 8.08%
Who's able to buy apart from cash buyers?

Still, prices do not show much of a decline (yet).
https://www.investopedia.com/mortgage-rates-jump-to-20-year-high-7557902

It still baffles me that people can afford to keep their houses with everything that's going on.. Either prices have to decline or things will go belly up very soon.

People with 2.75-4% mortgages are hanging on due to relatively low monthlies, unless their tax bill skyrocketed.

Maybe you did not exactly answer your own question, in regards to "when will the bottom fall out?" if that might be a fair characterization of your question - but aren't the best times to sell homes in the summer, so the end of this selling season comes in August/September, so might it not be fair to consider that a failure of the housing market (such as a bottom falling out) would be more likely to come after August/September rather than during the peak part of the yearly selling cycle?

Real estate fireworks in September or so?  Perhaps by August or September, individual owners are starting to realize that their houses are not moving, so they start to get desperate, in the event that they do not want to get stuck in their property for one more year.. so maybe the bottom starts to fall out in August rather than September or later?  

I'm just throwing out random ideas.  I don't really claim to know much of anything.

See we can agree on a few things.

Say we jump 25 and 25 total of 50 points. Will that crash housing? maybe maybe not.

But if we do 25 points in July and  25 points in Sept then drop 50 points in nov maybe housing starts to boom.

Sooner or later they will pivot. Its fun watching .

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[Learn Bitcoin]

JPMorgan Doubts That the Approval of a US Bitcoin ETF Would Be a Game-Changer. Such funds have existed in Canada and Europe for years already. Bitcoin funds overall have attracted little investor interest.

https://www.bloomberg.com/news/articles/2023-07-07/jpmorgan-says-a-bitcoin-etf-wouldn-t-be-an-industry-game-changer

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