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

[OgNasty]

It also looks like this charge downward is being led by bitfinex, which makes me think that it's a lot of people putting in shorts in an attempt to profit from a falling price...  This might end up being dangerous for them as another move up and more liquidations near the all time high can cause a short squeeze pretty easily.  Ultimately, it's squeezing the shorts that will make this market go parabolic now.  The ETFs make it so easy for anyone to short BTC, the market building up a lot of shorts is inevitable.  I think their timing is off though and it could sting them...  Imagine going short right before supply is cut in half.  That can't be a winning bet.

[1714281719]

1714281719

[1714281719]

1714281719

[1714281719]

1714281719

[BitcoinBunny]

Despite all that 100s of millions of dollars of dumpage still at 70K+ and going up.
Astonishing.

[criptoevangelista]

testing the previous ATH region... everything as expected.

[criptoevangelista]

Liquidate Longs ---> liquidate Shorts ---> ATH

Rinse and repeat until 2025.

Yes... it seems so simple... why do people make it so complicated?  just hodl

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

Deaded?

Mr Bitcoinpsycho
One hour price prediction
in you’re next post please.

71k in one hour 

[Chibit01]

This is just the beginning because bitcoin has come to stay according to 🟠 ARK Invest CEO Bitcoin price target is above 1M by 2030❗️

“Our Bitcoin price target is now well above $1M by 2030, and with our new expectations for institutional involvement, the incremental price that we assume for institutions actually has more than doubled."

- "Cathie Wood"

So this is just the beginning the best place and coin to invest on is bitcoin because you will regret in the future if you fails to invest be wise ..........  thanks

[xhomerx10]

We appear to be drawing a V for volume... or at least with volume.

[Chibit01]

Explanation
Chartbuddy thanks talkimg.com

Chartbuddy thanks talkimg.com you see I used to tell people that On the account of saving in bitcoin which is $71k

Well, what can I tell you, friends. When you invest in bitcoin you can make $100 out of $1000 just in few days or weeks.....

You’ve seen both successful and unsuccessful men it is all lies on your mentality to take a risk . You’ve seen everything how bitcoin is growing, My recommendations, my logical reasoning,  it has been all about investing in bitcoin and my entire strategy. .......


We saw what I saw on this chart that chartbuddy thanks talkimg.com. Of course, there were also unprofitable time in bitcoin but check very well you will see that invesing int the bitcoin is the best thing any investor can do now..and this is also good, all the failures and success are our experience,  some of you investors who find it difficult to investors in bitcoin I believe you have learnt vehemently from your  mistakes........

I believe that you can still invest because according to the forecast I have made bitcoin is going to hit  $100k that's my word to you investors and I passed the test with the success of bitcoin........

I know that many people doubt whether to start investing, to be afraid of it. It’s a big risk, I always talk about it. But! When you work with a reliable coin like bitcoin and people in this forum who will help and support you, you will be on top! 🫡

Thanks 😊👍

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[criptoevangelista]

Deaded?

Mr Bitcoinpsycho
One hour price prediction
in you’re next post please.

71k in one hour 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

We are so back!
I already miss the opportunity to buy below 70,000.
That is gone.
Up only.
Sources confirmed

[serveria.com]

Deaded?

Mr Bitcoinpsycho
One hour price prediction
in you’re next post please.

71k in one hour 

I'll give it a go: new ATH this week! 

[LFC_Bitcoin]

Even the dumps/dips are short lived and quite pathetic at the moment. Halving getting close, these Spot ETFs are really doing wonders for the price. Just wait for the supply shock post halving.

Maybe this time really is different and we are going to go seriously parabolic.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[aesma]

I got a raise today.

3,33%

Needless to say I wasn't impressed.

[JayJuanGee]

Next attempt on ATH
initiated today
A Haiku Sunday

Got a message from one of my friend who is in USA (also a non Bitcoiner) that Bitcoin is at 70k.

My simple reply, Bitcoin is the king.

I'm sure that your friend will find your message to have had been very helpful... It is almost like saying:  "I told you so," but in a more subliminal way.

The issue with people is that they are attracted to bitcoin only when its bullish or at its ATH. No matter how much we tell them about Bitcoin during bear season they seldom pay attention.
Since my friend has finally decided to invest in Bitcoin. I have given him advice to monitor the market now and its not a good idea to invest huge money at once while Bitcoin is at its ATH. If someone is new to Bitcoin and has no future plan then he better wait for a while. Just my few Satoshis.

The only way to prepare for UP is to have some satoshis, so if someone is new to bitcoin, the first thing they should do is buy some satoshis.  Waiting does not prepare them for up..

Good morning WO!

I spy with my little eye.... 71k!

So we have now entered no-mans-land. The new frontier (ha, get it? Because Star Trek).

Can't wait for us to pass 100k, finally! Those ETF's sure are doing their job . Good.

We entered no man's land at $55k..and it probably lasts until about $82k-ish... give or take a couple k..

Sure, this would be called price discovery (and yeah probably in that regard the new frontier of places not yet explored) since all time highs are being reached.. and hard to even come close to proclaiming that we are approaching either blow off top territory or even over exuberance.. yet.. .. but yeah, if we go to $90k in the next 12 to 36 hours, I, personally, would consider that to be over exuberance... each person likely has their own definition and that's why some people are still waiting for a 50% correction.  

We are not over exuberant. Yet.

Mining pays 12 cents a th

or 6 cents in a month.  That 6 cents is very shitty for mining.

But if we were at 123456 right now we would be at 20 cents a th soon to be 10 cents a th at the 1/2ing

if we are at those numbers after the 1/2 ing it would be uncharted highs for miners right after the ½ ing.

Soon to see what happens

King daddy prices do not follow hashing power and/or mining costs. .. so mining costs are almost irrelevant in terms of determining whether the BTC price is overexuberant or not. 

For example if the BTC price moves up faster than buying demand can keep up, then that could be considered overexuberant.

So for example about two weeks ago when the BTC price went up from $52k to $64k in a matter of about 50 hours. That was a bit overly exuberant, so the correction from that was somewhat anticipated.. and yeah, we have other examples when the BTC price moves up faster than the buying support can keep up... so then we get a correction. and the downward manipulators will likely try to push it down as far as they can and keep it there as long as they can.. but they have not been having much luck with that since October. and maybe even worse luck with that since a couple of weeks ago when we entered into noman's land.. so even when we entered into noman's land with guns ablazing, there have been a decent number of relatively good sized corrections that have been allowing the buying to keep up... and yeah I cannot have any kind of certainty if we will completely get through noman's land without any major correction (such as greater than 20-30% and/or lasting, but it seems that the odds are slightly more in favor of UPpity in zones like this... and it does not have anything to do with hashing power.. The miners follow price like lil doggies following their owner when it is time to eat.

[Biodom]

I got a raise today.

3,33%

Needless to say I wasn't impressed.

Just keeping up with official inflation, or slightly above in euro zone.
I have been on committees which negotiate salaries: their argument when inflation is 2-3% is always...see, inflation is low, no need to exceed it, but when the inflation is 8-10%, they reverse the argument and start whining that they don't have the budget to go above, say, 5%. A complete silence about inflation and what it does to employees in this case.

[jbreher]

As someone who never sold or took profits since the purchase in 2013, what yall think of the idea to sell 1% at every 10k+?

Life is for living. Money is for experiences. Just don't go all crazy-ass and splash out in an orgy of overconsumption.

Welcome back, Jbreher! Haven't seen your bear avatar in a while. How are things going?

Thanks. Can't complain. Although I will - to grandkids and friends.