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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26405384 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
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May 31, 2024, 11:01:15 AM


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LFC_Bitcoin
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May 31, 2024, 12:36:16 PM

Observing $68,9xx and STILL stuck in a range. This hot pot is bubbling, it’s starting to steam & it’s going to blow soon.

BREAKOUT IMMINENT !!!!!

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May 31, 2024, 02:19:25 PM

Observing $68,9xx and STILL stuck in a range. This hot pot is bubbling, it’s starting to steam & it’s going to blow soon.

BREAKOUT IMMINENT !!!!!



I agree but I don’t necessarily think it will come soon. There’s still a couple events left with downward pressure on the market, but the hurdles are rapidly clearing. Eventually the supply will be worked through and it will be off to the races. I think we’re still about 5 months away from the move to $100K, but I’m open to being wrong.
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May 31, 2024, 03:01:17 PM


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El duderino_
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May 31, 2024, 03:03:54 PM

Observing $68,9xx and STILL stuck in a range. This hot pot is bubbling, it’s starting to steam & it’s going to blow soon.

BREAKOUT IMMINENT !!!!!



Just break out in the right direction plzzz
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May 31, 2024, 03:16:48 PM

GrEaTeST AnD BeSTeSt EConOmy EvAR !!! We ARe NoT iN A dEpREssIoN !!!   Roll Eyes   Roll Eyes

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May 31, 2024, 03:29:34 PM

GrEaTeST AnD BeSTeSt EConOmy EvAR !!! We ARe NoT iN A dEpREssIoN !!!   Roll Eyes   Roll Eyes



interesting chart, but 2008 low point is reflecting the pmi after fed rate cuts.
the 2020 low point reflects the pandemic.
the 2024 low point is pre fed rate cuts.

So maybe just maybe it switches bigly if the fed cuts rates in june.


nice find on the chart.
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May 31, 2024, 04:01:15 PM


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May 31, 2024, 04:13:15 PM

Weekend pump

Where art thou
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May 31, 2024, 04:31:06 PM
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Observing $68,9xx and STILL stuck in a range. This hot pot is bubbling, it’s starting to steam & it’s going to blow soon.

BREAKOUT IMMINENT !!!!!



Just break out in the right direction plzzz

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May 31, 2024, 04:37:39 PM

GrEaTeST AnD BeSTeSt EConOmy EvAR !!! We ARe NoT iN A dEpREssIoN !!!   Roll Eyes   Roll Eyes



interesting chart, but 2008 low point is reflecting the pmi after fed rate cuts.
the 2020 low point reflects the pandemic.
the 2024 low point is pre fed rate cuts.

So maybe just maybe it switches bigly if the fed cuts rates in june.


nice find on the chart.

You're not wrong, but keep in mind that the Fed was cutting rates continuously for almost 12 months prior to the big Financial Crisis crash in 2008.

So that could (and mostly likely will) happen again.

They've been artificially propping up the world economy until the presidential elections are over.
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May 31, 2024, 05:01:15 PM


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Just Say
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May 31, 2024, 05:16:08 PM

48 billion yen worth of bitcoin or $300 million was stolen from a Japanese bitcoin exchange (DMM Bitcoin).

Not your Key 🔑, Not your BTC

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May 31, 2024, 06:25:13 PM
Merited by vapourminer (1), JimboToronto (1), Hueristic (1), JayJuanGee (1), Torque (1), AlcoHoDL (1), psycodad (1), OutOfMemory (1)

https://x.com/GrassFedBitcoin/status/1796311998466003418

Very, VERY good read!

In short, fuck Bitmain if you want fuck
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May 31, 2024, 06:39:58 PM

https://x.com/GrassFedBitcoin/status/1796311998466003418

Very, VERY good read!

In short, fuck Bitmain if you want fuck

Good read indeed, thank you.
Especially considering that I just at this very moment when you posted wondered why block 845,948 that got mined a few minutes ago happened to be empty..

Own quite a bunch of their miners but really starting to hate them.
heslo
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May 31, 2024, 06:49:15 PM

https://x.com/GrassFedBitcoin/status/1796311998466003418

Very, VERY good read!

In short, fuck Bitmain if you want fuck

Good read indeed, thank you.
Especially considering that I just at this very moment when you posted wondered why block 845,948 that got mined a few minutes ago happened to be empty..

Own quite a bunch of their miners but really starting to hate them.

Unfortunately they have quite the monopoly on the hardware ecosystem and used that monopoly to actively fuck over their competition too
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