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

[xhomerx10]

@BitcoinMagazine
800 billion Standard Chartered says Bitcoin is expected to hit a new ATH by the weekend.

 
https://twitter.com/BitcoinMagazine/status/1793560294670905615

Standard Chartered Analyst Says Bitcoin Is Set For A New ATH Above $73,700, You Won’t Believe The Timeline


Analysts from leading international cross-border bank, Standard Chartered have made a bold prediction that Bitcoin could witness a significant rise to new all-time highs above $73,700. This projection, slightly higher than the cryptocurrency’s previous peak, comes with an unexpected and wholly ambitious timeline.

Bitcoin Poised To Reach New All-Time Highs

Geoff Kendrick, Head of EM FX Research, West and Crypto Research, Standard Chartered, has made a bullish prediction for Bitcoin, the world’s largest cryptocurrency. In an email to TheBlock, Kendrick stated that Bitcoin is poised to break out of its previous all-time high on March 14, 2024, to witness a massive surge to approximately $73,798.

The analyst has projected a rather grandiose timeline for this bullish rally, expecting Bitcoin to hit the forecasted price target by the weekend. Kendrick attributed this potential price increase to the recent inflows into Spot Bitcoin ETFs.

Earlier on May 21, data from Farside investors indicated that Spot Bitcoin ETFs had recorded their best inflow week in the last two months. The digital asset saw over $305.7 million in inflows, with BlackRock’s Bitcoin Trust ETF (IBIT), amassing the largest inflows of $290 million.

Cumulatively, Spot Bitcoin ETFs have recorded inflows of more than $13 billion from its launch on January 11 to the present. This increased demand and influx of capital which had been a major contributor to Bitcoin’s previous rise to a new all-time high in March, could propel fresh surges for the cryptocurrency.

Kendrick has also disclosed that the possible approval of Ethereum Spot ETFs by the United States Securities and Exchange Commission (SEC) could have a significant impact on Bitcoin’s price dynamics. The analyst has doubled down on his previous price prediction which anticipates Bitcoin’s rise to $150,000 by the end of 2024 and a whopping $200,000 increase in 2025.

https://www.tradingview.com/news/newsbtc:9207f85ab094b:0-standard-chartered-analyst-says-bitcoin-is-set-for-a-new-ath-above-73-700-you-won-t-believe-the-timeline/

 xhomerx10 reads clickbait article - you won't believe the inaccuracies!

 I've read through that article until my brain hurt.  While it appears to be written in English, it's difficult to make sense of it and I fail to see where anyone predicts an ATH by the weekend (any weekend for that matter).  Perhaps the "journalist's" handle is "The Weekend" and headline was supposed to read:

800 billion Standard Chartered says Bitcoin is expected to hit a new ATH
by The Weekend

 or... maybe I need to take my meds.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[criptoevangelista]

The bears are trying everything to avoid the shortsqueeze... but it's just a matter of time... their positions will crumble like a sandcastle...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

@BitcoinMagazine
800 billion Standard Chartered says Bitcoin is expected to hit a new ATH by the weekend.

 
https://twitter.com/BitcoinMagazine/status/1793560294670905615

Standard Chartered Analyst Says Bitcoin Is Set For A New ATH Above $73,700, You Won’t Believe The Timeline


Analysts from leading international cross-border bank, Standard Chartered have made a bold prediction that Bitcoin could witness a significant rise to new all-time highs above $73,700. This projection, slightly higher than the cryptocurrency’s previous peak, comes with an unexpected and wholly ambitious timeline.

Bitcoin Poised To Reach New All-Time Highs

Geoff Kendrick, Head of EM FX Research, West and Crypto Research, Standard Chartered, has made a bullish prediction for Bitcoin, the world’s largest cryptocurrency. In an email to TheBlock, Kendrick stated that Bitcoin is poised to break out of its previous all-time high on March 14, 2024, to witness a massive surge to approximately $73,798.

The analyst has projected a rather grandiose timeline for this bullish rally, expecting Bitcoin to hit the forecasted price target by the weekend. Kendrick attributed this potential price increase to the recent inflows into Spot Bitcoin ETFs.

Earlier on May 21, data from Farside investors indicated that Spot Bitcoin ETFs had recorded their best inflow week in the last two months. The digital asset saw over $305.7 million in inflows, with BlackRock’s Bitcoin Trust ETF (IBIT), amassing the largest inflows of $290 million.

Cumulatively, Spot Bitcoin ETFs have recorded inflows of more than $13 billion from its launch on January 11 to the present. This increased demand and influx of capital which had been a major contributor to Bitcoin’s previous rise to a new all-time high in March, could propel fresh surges for the cryptocurrency.

Kendrick has also disclosed that the possible approval of Ethereum Spot ETFs by the United States Securities and Exchange Commission (SEC) could have a significant impact on Bitcoin’s price dynamics. The analyst has doubled down on his previous price prediction which anticipates Bitcoin’s rise to $150,000 by the end of 2024 and a whopping $200,000 increase in 2025.

https://www.tradingview.com/news/newsbtc:9207f85ab094b:0-standard-chartered-analyst-says-bitcoin-is-set-for-a-new-ath-above-73-700-you-won-t-believe-the-timeline/

 xhomerx10 reads clickbait article - you won't believe the inaccuracies!

 I've read through that article until my brain hurt.  While it appears to be written in English, it's difficult to make sense of it and I fail to see where anyone predicts an ATH by the weekend (any weekend for that matter).  Perhaps the "journalist's" handle is "The Weekend" and headline was supposed to read:

800 billion Standard Chartered says Bitcoin is expected to hit a new ATH
by The Weekend

 or... maybe I need to take my meds.

Just one more poorly written "BTC price prediction" article.

[...]

The analyst has projected a rather grandiose timeline for this bullish rally, expecting Bitcoin to hit the forecasted price target by the weekend.

[...]

Considering the date of the article being May 22, 2024, technically it does mention ATH this coming weekend.

I hope it happens.
It certainly could.
Something tells me it won't.

Edit: hey. this can be a haiku!

I hope it happens.
Something tells me it will not.
It certainly could.

#replyku

[Ivystar5]

[...]

~snip~

Considering the date of the article being May 22, 2024, technically it does mention ATH this coming weekend.

I hope it happens.
It certainly could.
Something tells me it won't.

From what I'm seeing it will, it got to a high of $70500kish plus and now it's making a downward movement that will likely turn upwards anytime from till the coming week which means the possibility of it reaching an ATH of $73kish is absolutely possible.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[jojo69]

$70500kish

70500000

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Regardless of the price: NEVER ever believe some WS stock or bitcoin-touting entities.

When "they" want to sell, they tell YOU to buy and vice versa.

Some Oppenheimer (?) dude was touting a $300K price target in November 2021 and later on it became clear that they (and associated funds) were selling close to the exact same time.

Surprisingly, it is not illegal as long as it does not occur at that very moment.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

$70500kish

70500000

 That's going to be one hell of a green dildo!
 by The Weekend

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

Oof

Volume just exploded

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Markets really taking a beating today all around. I’m seeing people joke that it is because everyone is selling everything to buy Nvidia stock. While funny, I think it probably has more to do with China surrounding Taiwan…

Global crisis aside, Ethereum seems to be stealing the show today and taking some of the light away from Bitcoin. I actually think from a purely financial instrument perspective, Ethereum will be much more attractive to Wall Street due to it’s staking and potential to be deflationary, so I’m very curious how their market caps will perform from here.

[Paashaas]

I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.

This was a classic fake pump which could lead to even more red candles.

[JayJuanGee]

It's a shitcoin, we get it. But it's all blockchain bruh.
Deal with it.

You must be new here.

"We" (royal perhaps?) do not talk positively about shitcoins and/or "blockchain" in these here parts.

I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.

This was a classic fake pump which could lead to even more red candles.

A bear market.


Oh gawd.   


Horey sheit...


Is that a lost puppy that I see?

[Hueristic]

This was a classic fake pump which could lead to even more red candles.

Classic shakeouts, nothing to see here.

https://www.youtube.com/watch?v=KxLgVpiQGr8

[LFC_Bitcoin]

It's a shitcoin, we get it. But it's all blockchain bruh.
Deal with it.

You must be new here.

"We" (royal perhaps?) do not talk positively about shitcoins and/or "blockchain" in these here parts.

I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.

This was a classic fake pump which could lead to even more red candles.

A bear market.


Oh gawd.  


Horey sheit...


Is that a lost puppy that I see?

Lol @ JJG, laying into rdbase, whatever an rdbase is

Shitcoiners coming into the WO, probably looking for Merit with low value posts.

‘Blockchain’ lol. Some people just don’t and possibly never will get it.

Nothing gets past our resident cop JJG.

I have noticed Paashaas seems like a bear in recent times. Maybe he sold too much and is a low-coiner now. He has changed a lot, maybe he’s just nervous about market sentiment, I dunno, disappointing.