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

[OgNasty]

Nice one. No doubt this is how a lot of people feel who have been ignoring crypto since buying at $60K and selling at $20K… The time to fill your bags might be behind us, but a good DCA strategy will never do you wrong. The exciting part is that if this buying could somehow magically continue for the next 5 months, it could really ramp up once the halving takes place.

[cmacwuz]

Eh, time to get the party going. Train is pulling out of the station.....

that train doesn't look anywhere near a station

[philipma1957]

Interesting article

https://www.kitco.com/news/2023-12-05/Bitcoin-breaches-44k-as-BlackRock-secures-seed-capital-for-spot-BTC-ETF.html

"BlackRock sees a high probability that its application will be approved, and Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart say there is a 90% chance that the first spot BTC ETF will be approved by Jan. 10.

Max Keiser, a well-known Bitcoin maximalist, has also caused a stir of speculation by tweeting about “rumors” that the sovereign wealth fund for Qatar – which is responsible for managing the nation’s vast oil and gas-generated wealth – is “looking to buy” $500 billion worth of Bitcoin. Keiser suggested that this could lead to a “$100,000 God Candle” on the BTC chart"

God candle! I like the sound of that!

holy moly that would be so very cool. 😎

[philipma1957]

Where is the helicopter???

On hold until 45k stamp

we get 50505.00 by weekend.

my 48k number seems wrong too low.

[Torque]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

I think they'll first do a major bull trap (sell the ETF news), before eventually reversing course and plowing onward and upward.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[FinePoine0]

Already Bitcoin 44k Dollar done

Bitcoin price will hit 50k within this Two days

[OgNasty]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

I think they'll first do a major bull trap (sell the ETF news), before eventually reversing course and plowing onward and upward.

I’m surprised a bull trap hasn’t occurred yet. Someone must be buying a ton of BTC right now. This is bigger than a Microstrategy buy. I would speculate a Saudi Fund or maybe a country like Argentina or even a company like Apple. I’m in full spectator mode seeing what happens next. I’ve got a Bitcoin ticker going in my house now.

[Torque]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

I think they'll first do a major bull trap (sell the ETF news), before eventually reversing course and plowing onward and upward.

I’m surprised a bull trap hasn’t occurred yet. Someone must be buying a ton of BTC right now. This is bigger than a Microstrategy buy. I would speculate a Saudi Fund or maybe a country like Argentina or even a company like Apple. I’m in full spectator mode seeing what happens next. I’ve got a Bitcoin ticker going in my house now.

A bull trap wouldn't happen until after all the ETFs get approved....so early next year.

Either that, or Gary punts again on the very first ones just to be a dick (and to benefit his shorting buddies), sending bitcoin down.

[True Myth]

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

I think they'll first do a major bull trap (sell the ETF news), before eventually reversing course and plowing onward and upward.

This seems like the most likely scenario to me too.

[Richy_T]

If you can time the market, with the past history of halvings, it's easy money.

Of course, a lot of people overrate their abilities but the effect is the same.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Out of mind]

Bitcoin Price $44k Then All Bitcoiner... happy & happy 
HODL ,, ! Don't Sell your BTCBTC

[Greyhats]

Obsessive compulsive price checking is at an ATH atm

Weeeeeeee!!!!!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

Already Bitcoin 44k Dollar done

Bitcoin price will hit 50k within this Two days

<IMG Deleted>

I don't think there is a need to modify vroom chopper images.. it feels very disrespectful and disingenuous... underlying motives... m.....

If you bothered to check, you will see vroom already posted 44k

https://bitcointalk.org/index.php?topic=178336.msg63274051#msg63274051

[philipma1957]

down to 30k-35k

Or up to 50k-55k.

We're still correcting from last year's steep dip.

2024 has been one big correction.

I think a lot of people don’t realize this. My personal belief is that if FTX didn’t defraud everyone out of their Bitcoin and pump everyone’s shitcoins then the price of BTC likely would have gone up as high as $140,000 and would have bottomed around $60,000. So while we may be in a bull market now, we should have never gotten this low in the first place.

That and china kicking the miners out in april.

[Biodom]

down to 30k-35k

Or up to 50k-55k.

We're still correcting from last year's steep dip.

2024 has been one big correction.

I think a lot of people don’t realize this. My personal belief is that if FTX didn’t defraud everyone out of their Bitcoin and pump everyone’s shitcoins then the price of BTC likely would have gone up as high as $140,000 and would have bottomed around $60,000. So while we may be in a bull market now, we should have never gotten this low in the first place.

imho, FTX and Three Arrows got derailed by China's miners ban which probably meant that ALL of them were essentially bankrupt by May-June and then they just tried to claw back lost funds by pushing s-coins, mostly.
It did not work, "surprisingly", probably because more 'advanced' people were "in the know' about FTX and 3AC situation and pulled the plug, essentially.
However, I agree that btc should have peaked at 120-140K and then bottom at 40-50K (instead of 15.8K).
That said, I sometimes worry about M. Saylor's prodigious use of leverage.
From my own experience..it works until it doesn't and then someone may be in a big trouble, although I don't expect such trouble occurring any time soon, most likely.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

Something is going to happen next year that will force the Fed's hand to start lowering rates. (A war in Taiwan? Major terrorist attack? CRE and Banking sector meltdown? Who knows, but it'll just be a cover story)

When this starts to happen, the leftover 1 trillion $ from the Fed's RRO will begin moving out, looking for a better return elsewhere. It's already been draining fast since June, down from a high of 2 trillion $.

If the market begins to crash, Wall Street will take all that money and massively short the market, looking to scoop up more cheap shares.

Wall Street already knows all this is coming (insider knowledge), they are just front running it now.

I'm actually starting to think that a proxy war next year in the South China Sea makes the most sense.

Look how they've run up the biggest bubble in nVidia stock.

And now the word is that insider investors are dumping their nVidia shares.

Gee, I wonder why?    

https://www.fool.com/investing/2023/09/15/nvidia-ceo-jensen-huang-dumped-shares-ai/

https://finbold.com/insiders-continue-dumping-nvidia-shares-crash-incoming/

https://www.msn.com/en-us/money/markets/cathie-woods-ark-invest-is-selling-nvidia-stock-and-buying-these-2-artificial-intelligence-ai-growth-stocks/ar-AA1l2heL

Article is a little misleading... The use of the work "dumping" is nothing more than clickbait...

Jensen, sold 59,376 which is about 0.0006% of his holdings... more like profit taking or funds to buy a new yacht....

Also, it doesn't make sense (yet) for China to launch any full scale invasion of Taiwan, given the statements from the US... Trade embargo's would severely cripple the country in matter of months...

I still think the middle east is still the primary objective for TPTB...


EDIT: percentage typo… ref below for correction….