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

[SPIDERMAN008]

https://x.com/pete_rizzo_/status/1973780426151141729
Bitcoin has hit $120,000 again in last seven weeks. It's only the beginning of October. I'm  waiting for a new all-time high this month.

[Biodom]

@OgNasty - It would clearly be bad mistake selling at $140k when 7X that amount ($1 million) is just six or 7 years away in 2031/2032 - unless of course you don't expect to still be around then.  

You must be very young. It's not about still being around. Go through a pair of cycles, add 10 or so to your age, and you might begin to understand some grown up talk.

You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth..    

Apparently, it is "only" mid six figures...it used to be called a "crab".
https://www.tradingview.com/chart/BTCUSDT.P/XTxYv1rd-What-Kind-of-BTC-Sea-Creature-can-you-be-BTC-Owner/

Alas, since it is through FBTC, it might not qualify.

[Biodom]

Just heard that Pavel Durov (Telegram) is living off Bitcoin because Telegram isn't making enough money for him...

https://youtu.be/qjPH9njnaVU?si=ckUPgZnhwWES8Nk1

He said that he bought 3k btc in 2013(or 2014?) for $750/btc...maybe followed T. Draper who bought 30K btc around that time.
A nice chunk of "change" now.

[BTCETFInvestor]

In a note sent by Citi to clients today, October 2, 2025, Citi forecasted that Bitcoin will reach $181,000 within 12 months. That's a 50% increase in 12 months!

The bank also set a year-end 2025 price target for Bitcoin at $132,000.

Citi pointed to growing interest from institutional investors and financial advisors as a key driver for Bitcoin.


It looks like Citi is in agreement with many other experts on the price prediction for Bitcoin 12 months from now in October, 2026:

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Senate hearing on bitcoin, etc, taxation...scroll to what you are interested in:

https://www.youtube.com/watch?v=3Y1zv__mAIU
for example:
https://youtu.be/3Y1zv__mAIU (coincenter policy guy, who makes sense).

I need a tldr for those nanny state bitches as I can't stomach listening to their retarded statements.

Do they think they are going to tax mining pools and Lightning?

I think THEY need to be removed.

Tax Shitcoin Staking and leave POW alone bitches.

[promise444c5]

Still only up by 2% today 

But still a nice start for UPtober rally

[philipma1957]

well 119 or 120 are nicer than 108 and 109.

that dip buy last week has aged well.


I sold 900 pounds of copper today.

My copper sales add up to just over 8k

this is nice as it allowed for an easy dip buy.

and it allows for easy payment of mining power bills.

[WatChe]

well 119 or 120 are nicer than 108 and 109.

that dip buy last week has aged well.


I sold 900 pounds of copper today.

My copper sales add up to just over 8k

this is nice as it allowed for an easy dip buy.

and it allows for easy payment of mining power bills.

You are 70+ years old and I think you are active in at least 70+ different areas. You post here and on altcoinstalks.com, you setup mining rigs, you trade  BTC and now you telling you also trade copper. That's best way to live your life. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

In a note sent by Citi to clients today, October 2, 2025, Citi forecasted that Bitcoin will reach $181,000 within 12 months. That's a 50% increase in 12 months!

The bank also set a year-end 2025 price target for Bitcoin at $132,000.

Citi pointed to growing interest from institutional investors and financial advisors as a key driver for Bitcoin.


It looks like Citi is in agreement with many other experts on the price prediction for Bitcoin 12 months from now in October, 2026:

Sent by an overworked analyst or a person who doesn't understand math:

how could the average price number for a certain month be bigger than a maximum number?
Check out their Jan-April numbers, lol

[Biodom]

well 119 or 120 are nicer than 108 and 109.

that dip buy last week has aged well.


I sold 900 pounds of copper today.

My copper sales add up to just over 8k

this is nice as it allowed for an easy dip buy.

and it allows for easy payment of mining power bills.

You are 70+ years old and I think you are active in at least 70+ different areas. You post here and on altcoinstalks.com, you setup mining rigs, you trade  BTC and now you telling you also trade copper. That's best way to live your life.  

sure...no laying flat for @phil...but he is maybe 68, according to prior posts.

[Richy_T]

The IRS's argument against this is that the cryptocurrencies are not like-kind, but at the same time, they said, "The properties being exchanged must be of the same nature or character, regardless of their grade or quality".
The grade and qualities of Bitcoin and the other coins differ, but they all have the same nature and character.
I agree it will be possible in the future, though, but it will take time and a great and compelling argument.

The pretext is blah blah blah but the real reason is "we sees it and we wants it".

[Richy_T]

Looks like Bitcoin is primed to hit $120k in the coming hours minutes...

Done!  

Nice wooden table.

[Biodom]

Senate hearing on bitcoin, etc, taxation...scroll to what you are interested in:

https://www.youtube.com/watch?v=3Y1zv__mAIU
for example:
https://youtu.be/3Y1zv__mAIU (coincenter policy guy, who makes sense).

I need a tldr for those nanny state bitches as I can't stomach listening to their retarded statements.

Do they think they are going to tax mining pools and Lightning?

I think THEY need to be removed.

Tax Shitcoin Staking and leave POW alone bitches.

TLDR; I don't think that they separate POW and POS.
Industry 'wants' taxation at the mined coin sale (similar to how crops, livestock, mined gold) are taxed. Currently, it is taxed as a payment for a putative service.
Industry argues that it is not a service, but rather a "creation" of the new property.
Taxing not at sale, but at receipt definitely creates headaches...especially if you did not immediately sell and the price crashed afterwards.

Industry says: give us this and you could have a wash sale rule introduced (which is currently not applied).

Industry also wants a de minimis exception (floated $300) for a tx...so you can buy coffee and not worry about calculating tax.
The pushback from the IRS lady was that you would still have to write down your de minimis txs somewhere even though they will not be taxable...fat chance for that, in reality.

One guy (Coinbase) emotionally asked for a meaningful amount of disclosure saying that endless disclosures of stable coin transactions with ZERO cap gains is not good for anybody...just fluff. He even said that IRS would not be able to "consume" the gigantic amount of txs they (Coinbase) are going to send them...maybe, maybe not, if Musk installed the Grok feeds there, lol.

EDIT: Oh, one more, essentially everyone wanted CRUTs and GRUTs rules modified so you can use bitcoin, etc without an appraisal...because it is inherently stupid to require appraisal of something that trades 24/7/365. This will be done, at least this was the vibe i got.

[OutOfMemory]

Senate hearing on bitcoin, etc, taxation...scroll to what you are interested in:

https://www.youtube.com/watch?v=3Y1zv__mAIU
for example:
https://youtu.be/3Y1zv__mAIU (coincenter policy guy, who makes sense).

I need a tldr for those nanny state bitches as I can't stomach listening to their retarded statements.

Do they think they are going to tax mining pools and Lightning?

I think THEY need to be removed.

Tax Shitcoin Staking and leave POW alone bitches.

They are lacking so much insight and knowledge, yet.
I don't speculate on what they would use that insight and knowledge for, if they would already have it.
Which basically means it could be worse.
Of course, you have to count in (a lot of) stupid statements at this level of their education in Bitcoin.
Hope the best, they've lost the war on Crypto, so taxation will take place differently than it is being discussed possibly (or hopefully) years ahead.
Am i too optimistic?

[LFC_Bitcoin]

There really is something quite beautiful about seeing Bitcoin at $120,000.

We still have one more big, explosive leg upwards in this bull market too. I’m thinking maybe a slow grind up to $130,000 in the first two weeks of October and then the big push, blow off top to $160,000 or similar in late October to early November.

[OgNasty]

There really is something quite beautiful about seeing Bitcoin at $120,000.

We still have one more big, explosive leg upwards in this bull market too. I’m thinking maybe a slow grind up to $130,000 in the first two weeks of October and then the big push, blow off top to $160,000 or similar in late October to early November.

Indeed. I get excited at $120K, which probably means I am holding too much Bitcoin. I am keeping my eye on the exit though. I do not believe that we are in a supercycle and think that regardless of how high Bitcoin gets, it will be lower than it is now in 18 months. I do think we’ll hit $140K before this run is over and that is the price where I’ll start finding it difficult to hold on for dear life.

[OutOfMemory]

There really is something quite beautiful about seeing Bitcoin at $120,000.

We still have one more big, explosive leg upwards in this bull market too. I’m thinking maybe a slow grind up to $130,000 in the first two weeks of October and then the big push, blow off top to $160,000 or similar in late October to early November.

Retail FOMO not here yet, Social Score is still low.
I'd say wait until $140k-$150k, i guess that will be the start of "I could sell my house for Bitcoin" phase.

[philipma1957]

well 119 or 120 are nicer than 108 and 109.

that dip buy last week has aged well.


I sold 900 pounds of copper today.

My copper sales add up to just over 8k

this is nice as it allowed for an easy dip buy.

and it allows for easy payment of mining power bills.

You are 70+ years old and I think you are active in at least 70+ different areas. You post here and on altcoinstalks.com, you setup mining rigs, you trade  BTC and now you telling you also trade copper. That's best way to live your life. 

68+ but close enough

1957+68=2,025