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

[BitHodlers]

Just one month ago in early October:

Analysts Stand By Lofty Year-End Forecasts

In early October, Citigroup projected a year-end Bitcoin price of approximately $133,000, conditional on continued ETF inflows and increased demand from DAT firms. Standard Chartered offered an even higher forecast, predicting Bitcoin could hit $200,000 if weekly ETF inflows maintain the $500 million level.

Similarly, JPMorgan projected a year-end price of $165,000, arguing that Bitcoin was undervalued relative to gold. Goldman Sachs also looked to gold for a reference point, suggesting that if gold were to reach $5,000 per ounce, Bitcoin could potentially surge to $220,000.

► https://news.superex.com/articles/8245.html

People here are so strange. There was a time when this kind of performance was celebrated. Now if number does not go up all the time, panic and despair.  

[Paashaas]

None of the 30 bull market top indicators has flashed so far.
We're half way.


Coinglass.

[vapourminer]

going to attempt to rewrite dont fear the reaper


[snip]

you still have a day job right?


although not too bad

[goldkingcoiner]

you seem so sure, you should sell everything and buy back lower, no?

With 24% capital gains it’s too much of a risk. I sold enough Bitcoin for six years of life expenses. In hindsight I should have sold more over 120k but I thought we would hit at least 150k this year.

Love to be wrong but this looks like frustrated OG’s and four year cycle believers dumping due to lack of bullish price action. It’s causing severe selling pressure. I think the bull run is over.

Clearly I hope it’s not as I become significantly wealthier with uppity price action. I just say what I see though without bias.

Hmm... Out of hopium are we?

Have you tried zooming out to yearly chart?


We're fine.

[BTCETFInvestor]

Just one month ago in early October:

Analysts Stand By Lofty Year-End Forecasts

In early October, Citigroup projected a year-end Bitcoin price of approximately $133,000, conditional on continued ETF inflows and increased demand from DAT firms. Standard Chartered offered an even higher forecast, predicting Bitcoin could hit $200,000 if weekly ETF inflows maintain the $500 million level.

Similarly, JPMorgan projected a year-end price of $165,000, arguing that Bitcoin was undervalued relative to gold. Goldman Sachs also looked to gold for a reference point, suggesting that if gold were to reach $5,000 per ounce, Bitcoin could potentially surge to $220,000.

► https://news.superex.com/articles/8245.html

People here are so strange. There was a time when this kind of performance was celebrated. Now if number does not go up all the time, panic and despair.  

Some of the OG people here are strange in more ways than just that!  

Watch out because some of these assholes will jump on you like a gang of fucking thugs.

[Abelly]

None of the 30 bull market top indicators has flashed so far.
We're half way.


Coinglass.

You are right, The market is not yet fully in trend
If we look at history.
 We see that even in the middle of such a slow market.
There are signs of a big, big, Upswing !

[AlcoHoDL]

Don't worry, brothers, the price will do what it will. We've been through this. Don't be fazed by the local dips -- they'll always be there. As LFC says, there are many ATHs to come in the near future. We're talking at least $1M/BTC. Stack sats if you can, sell a little if you need to, enjoy life to the fullest. And always keep a healthy stash tucked away.

Don't be scared by a tiny black dot, as mindrust did!



Oh, and LFC will lose the bet, LOL!

[Abelly]

you seem so sure, you should sell everything and buy back lower, no?

With 24% capital gains it’s too much of a risk. I sold enough Bitcoin for six years of life expenses. In hindsight I should have sold more over 120k but I thought we would hit at least 150k this year.

Love to be wrong but this looks like frustrated OG’s and four year cycle believers dumping due to lack of bullish price action. It’s causing severe selling pressure. I think the bull run is over.

Clearly I hope it’s not as I become significantly wealthier with uppity price action. I just say what I see though without bias.

Hmm... Out of hopium are we?

Have you tried zooming out to yearly chart?


We're fine.

Hmm, it's still hard to tell,
but there's a clear bullish trend on the annual chart!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Grinding wrong direction….

[cAPSLOCK]

Its different this time.

[Phil_S]

If it's all about OGs dumping, it should stop at 100k, right?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

Its different this time.

If by different you mean, excruciatingly weak then yes.

[shahzadafzal]

It’s a 2011 whale… must be one of the OG Bitcointalk users.

What a legend. True HODL spirit at its best!

Imagine opening your wallet and seeing nine zeros.

[Charcol]

you seem so sure, you should sell everything and buy back lower, no?

With 24% capital gains it’s too much of a risk. I sold enough Bitcoin for six years of life expenses. In hindsight I should have sold more over 120k but I thought we would hit at least 150k this year.

Love to be wrong but this looks like frustrated OG’s and four year cycle believers dumping due to lack of bullish price action. It’s causing severe selling pressure. I think the bull run is over.

Clearly I hope it’s not as I become significantly wealthier with uppity price action. I just say what I see though without bias.

Now those who are planning to buy have the opportunity to accumulate some more Satoshi..!
@LFC_Bitcoin Instead of your red hat, a beautiful football is seen today...

[cAPSLOCK]

Its different this time.

If by different you mean, excruciatingly weak then yes.

That's definitely part of it.  But I think that's just one aspect of how it's different.  I'm just setting myself up to look dumber than ever but I honestly think the time span that we've all grown so accustomed to is also going to be more irregular now than it has been.

[El duderino_]

Grinding wrong direction….

The grind continuous

[xhomerx10]

Try your best, you moron 😆
He is threating majority of New yorkers.

  Let's read this together:

“If Communist Candidate Zohran Mamdani wins the Election for Mayor of New York City, it is highly unlikely that I will be contributing Federal Funds, other than the very minimum as required, to my beloved first home,” the president said in a post on Truth Social. “I don’t want to send, as President, good money after bad.”

Read his lips - "No new funds"... oh wait that's not what he said either.  This is why we can't have nice things.

 

[cAPSLOCK]

you seem so sure, you should sell everything and buy back lower, no?

With 24% capital gains it’s too much of a risk. I sold enough Bitcoin for six years of life expenses. In hindsight I should have sold more over 120k but I thought we would hit at least 150k this year.

Love to be wrong but this looks like frustrated OG’s and four year cycle believers dumping due to lack of bullish price action. It’s causing severe selling pressure. I think the bull run is over.

Clearly I hope it’s not as I become significantly wealthier with uppity price action. I just say what I see though without bias.

It seems to me you've done quite well with your strategies as well.