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

[OgNasty]

Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.

Nice.

Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.

Nice.

Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year.

But far from distributing El Duderino coins

#Hodl

[BitcoinBunny]

First time ever, 7 green months in a row.   Happy Easter.

[criptoevangelista]

Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.

Nice.

Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year.

When the FED cuts interest rates, then it will get very interesting....

[Hueristic]

Haha, got perm banned on reddit,.





Cesspool of Snowflakes.

 You're better off.  Reddit sucks.
   Now do TikTok!

Haha, I needed a place to shitpost and triggering candy ass snowflakes is tons of fun.

Also needed to be a bbs type with pseudo anon which is pretty much impossible on most sites now.

The funny thing is every single thing I said is true and verifiable but they just can't handle it.

The world is being inherited by a bunch of worthless no testosterone morons and it won't end well for them.

They are not even smart enough to ask why, just knee jerk get butthurt.

If they actually asked why I have said what I have said then they would learn a thing or two.





#OnTopic:  The spring feels compressed and when it pops its going to explode.

[goldkingcoiner]

Happy Easter, guys!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Looks like we are going to achieve the highest EVER weekly and, at the same time, monthly closing... and both even over the previous cycle peak (not closing) ATH.

Nice.

Things feel oddly bullish. It seems like more money is on the way to the market over the next couple of months as well. I feel too comfortable with a $70K BTC price. At the rate accumulation is going though, we should get through all the GBTC coins and mtgox distribution of BTC in about 5 months. It seems like a perfect storm is brewing for the end of the year.

no dip under 70k lasts long. bears haven given up it seems.

100k could come much sooner than many think...  

also nobody in the WO is talking about 100k parties anymore... it already feels like the new normal


oh yes.. Happy Easter

[JimboToronto]

Hi wall observers.
A special Haiku Sunday,
Happy Easter Day.

Still going sideways
Around seventy thousand
Dollars per bitcoin.

Calm before the storm...
Halving is three weeks away.
Have a nice Easter.

Some people like ham
To celebrate their Easter.
Others like spring lamb.

Whatever your choice,
Forget the price and have
A happy Easter.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Oh yeah, Happy Easter! to those of you who celebrate.

 My Easter is a a little over a month from now - I'm still on one of the pre-forked, Christian versions of the Abrahamic religions.

[El duderino_]

Hi wall observers.
A special Haiku Sunday,
Happy Easter Day.

Still going sideways
Around seventy thousand
Dollars per bitcoin.

Calm before the storm...
Halving is three weeks away.
Have a nice Easter.

Some people like ham
To celebrate their Easter.
Others like spring lamb.

Whatever your choice,
Forget the price and have
A happy Easter.

Jimbo Toronto
Or more likely Mexico
The corn will guide you

[El duderino_]

71

[Gachapin]

from  17  to  71  in a little over a year... good ol' Bitcoin

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Btw in Belgium Easter = chocolate eggs. Just for you to know

#haiku (special Sunday Haiku)

[Biodom]

I know that many people post 120-140K as a possible top this cycle and yet others think that we would go to 250-500K. Those are probably two main ideas of where the top might occur.
I want to present an alternative scenario. It would be mostly just numerology (with my bias), so here is that.
Consider prior tops:

$$: 32, 1160, 19780, 69800 (numbers could be slightly off, I am going from memory).
OK..1160 from 32 is 55X, 19780 from 1160 is 17X, 69800 from 19780 is 3.5x
Mostly people say: aha..so next will be a decrease to 2X peak to peak or even slightly lower (I have seen even 116K bandied about).

However, I propose an alternative scenario:
What if the 2021 number is an "artificial" one, caused by the chinese mining ban plus FTX shenanigans?
Let's just use a "projective" numerology and assume that a cycle reduction should be similar from cycle to cycle with a 0.309 coefficient (the fraction of 17X and 55X).
This gives a "theoretical" 2021 value of 5.25X of 2017 value or $103351 and 2024-2025 value of $167661 (1.622X(of 103351)=5.25X0.309X103351).

Of course, it is entirely possible that because we underperformed in the prior cycle, we would outperform in this one and peak even higher, but I decided to show the numbers I got so far.

TL;DR An alternative numerology suggests a peak at ~$168K for this cycle.

[Biodom]

more dough is printed
what percentage to bitcoin?
not zero, I say

# Sunday haiku

[Pandorak]

However, I propose an alternative scenario:
What if the 2021 number is an "artificial" one, caused by the chinese mining ban plus FTX shenanigans?
Let's just use a "projective" numerology and assume that a cycle reduction should be similar from cycle to cycle with a 0.309 coefficient (the fraction of 17X and 55X).
This gives a "theoretical" 2021 value of 5.25X of 2017 value or $103351 and 2024-2025 value of $167661 (1.622X(of 103351)=5.25X0.309X103351).

And what if those catalysts make another "artificial" price in this cycle?

Bad narratives around crypto have been heard, the latest is the KuCoin case, why does this problem come when bitcoin biggest event is coming?

Based on the rainbow chart^[1], usually we are at the "Accumulate" and "Still Cheap" levels after the halving occurs (based on 2 latest halvings). Because now is the MEGA GIGA TERRA ULTRA SUPER ULTIMATE MAXIMUM cycle ever in crypto, so we expect prices that are beyond our expectations. I think we will go to $150,000 - $250,000 per now - December 31, 2025 timeframe.

[1] https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/