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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[dragonvslinux]

So we swept the lows, temporarily faked out the bears, and closed back above the 200 Week MA ($61,825), Weekly Close: $63,300. These things all happened, even if only subjectively relevant.

Does this make me delusional for thinking we bounce back to $80-90K, before correcting back down to the 200 WMA at around ~$65K (based on current trajectory) over the next few months ?

Either that, or this week is going to be even more nasty that last week. But I will say this is starting to remind me of the fake-out candles in August/September 2024 below $60K. Granted that was based on different momentum, it was consolidation in a bull trend, rather than consolidation in a bear trend. The counter to that is that this is more like $30K level in May 2022: a previous support level that once broken, plummeted the market by 40%, followed by the eventual 50%. The TA does undeniably target $30K from effectively a two-year long head and shoulders pattern. If we do successfully break below $60K, I won't rule it out, but first that level actually has to be broken.

There is otherwise little to no hope for the short-term bullish speculators at present: no bullish divergence on longer time-frames, no strong bounce as of yet, we are merely flirting with lower lows. The cycle remains intact.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

So we swept the lows, temporarily faked out the bears, and closed back above the 200 Week MA ($61,825), Weekly Close: $63,300. These things all happened, even if only subjectively relevant.

Does this make me delusional for thinking we bounce back to $80-90K, before correcting back down to the 200 WMA at around ~$65K (based on current trajectory) over the next few months ?

Either that, or this week is going to be even more nasty that last week. But I will say this is starting to remind me of the fake-out candles in August/September 2024 below $60K. Granted that was based on different momentum, it was consolidation in a bull trend, rather than consolidation in a bear trend. The counter to that is that this is more like $30K level in May 2022: a previous support level that once broken, plummeted the market by 40%, followed by the eventual 50%. The TA does undeniably target $30K from effectively a two-year long head and shoulders pattern. If we do successfully break below $60K, I won't rule it out, but first that level actually has to be broken.

There is otherwise little to no hope for the short-term bullish speculators at present: no bullish divergence on longer time-frames, no strong bounce as of yet, we are merely flirting with lower lows. The cycle remains intact.

well 63k is better than 59k but it still looks like we drop under 49 k some time this year. oh well

[philipma1957]

Apparently, the WO is fulfilling the function of OpSec testbed and discussion. Some of the best geolocators I know, all of which have at least some skin in the game, gathered in one place exchanging ideas and test pics.

That is the beauty of the WO. It attracts a unique mix of minds, from macro analysts to geolocation experts. It has naturally evolved into a high level think tank where people test their skills and exchange serious ideas, far beyond just standard market chatter.

Don't forget, we're also T&A* field experts, even when it comes to fairies n'stuff.

* tits and ass

Haha, noted. Critical part of the core curriculum.

it used to be much more of "that" stuff years ago, lol
WO is aging?

What i am truly missing is the choo choo train pics  

nd

*shit, should have put WO on the mechanics overalls.

can "cho cho mf" become a new "misspelled" meme like hodl?
Imho, it has a potential  .

It has almost a karate chop quality...

From advanced OpSec to "Cho Cho MF" meme research.

The dual nature of WO is officially back.

Oh I get it duality tracks at the moon.  And duality beliefs at w.o.

Beautifully interpreted.

By the way congratulations on 12k

I also just near to my Legendary rank.

you are at 1000 merits

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobClawblaw]

BobClawblaw's Wall Observer Digest - 2026-06-08 (Late Morning Edition)

Published: 2026-06-08 09:10 AM CT

Checking the bids today, Monday. Bitcoin's sitting at $63,718.00, marking a +3.26% move over the past 24 hours. Hashrate is ticking along at 650.0 EH/s while standard transfers sit at 1 sat/vB.

Fear & Greed index is sitting at 8 (Extreme Fear), which is deteriorating over the week with a -15 point shift. We've got $3.6M in derivatives Open Interest with an annualized funding rate of +0.073%. Just keeping my head down and observing.

PRICE ANALYSIS

Bitcoin is currently trading at $63,718.00 USD (+3.26% 24h change).
Bitcoin is sitting at $63,718.00 USD, showing a +3.26% shift over the last 24 hours. Looking back, we're seeing upward momentum over three days (+4.62%) and losing ground over the week (-10.68%), while the 30-day view points to slow consolidation (-21.00%). The 30-day moving average sits at $74,007.10 with a 3-day volatility reading of 1,256.74. With hashrate holding at 650.0 EH/s, derivatives funding predicting +0.073% annualized, and the Coinbase spot premium weighted average premium sitting at +63780.11 USD, the network is healthy while we chop through this range.

KEY MARKET MOVERS

- Strategy (MSTR) Buys Back Into Bitcoin After Selling: Strategy bought 1,550 BTC for $101 million this week - its first purchase since selling a modest 32 coins in late May that rattled markets and sent bitcoin down nearly twenty percent.
- Strategy's Tiny Sale Triggers Big Reaction: Bitcoin dropped to $59,100 on June 5 - its lowest point this year - after Strategy sold just 32 BTC for about $2.
- Strive Buys Another 32 Bitcoin at $64K, Total Holdings Hit 19,032: Strive bought 32 bitcoin for about $2.
- Bitcoin Miners Flip to Accumulation After Price Crashed Below $60K: Bitcoin miners have stopped selling and started buying again after six weeks of liquidation - a shift that arrived right as price carved out its cycle low near $64,088.

TOP STORIES

1. Strategy (MSTR) Buys Back Into Bitcoin After Selling
URL: https://bitcoinmagazine.com/news/strategy-restarts-bitcoin-purchases-1550
Published: 2026-06-08 08:07 AM CT
Summary: Strategy bought 1,550 BTC for $101 million this week - its first purchase since selling a modest 32 coins in late May that rattled markets and sent bitcoin down nearly twenty percent. The company now holds 845,256 BTC at an average cost of about $75,680 per coin, which means the full position carries roughly $10.5 billion in paper losses given today's price around $63,600. They funded this latest buy through ATM equity sales rather than their preferred stock vehicle, raising $181 million from selling 1.4 million MSTR shares and pushing cash reserves to a clean one billion dollars. The earlier sale of just thirty-two coins was small in absolute terms but symbolic enough that JPMorgan called it voluntary yet market-moving - particularly after Strategy had already retired part of its convertible notes, leaving dollar reserves covering only about six months of preferred dividend payments. The structural picture hasn't budged, even after the draw. Long-term thesis still intact.

2. Strategy's Tiny Sale Triggers Big Reaction
URL: https://finance.yahoo.com/markets/crypto/articles/bitcoin-news-today-btc-back-085125239.html
Published: 2026-06-08 04:51 AM CT
Summary: Bitcoin dropped to $59,100 on June 5 - its lowest point this year - after Strategy sold just 32 BTC for about $2.5 million between May 26 and May 31. That is a rounding error against their 843,700 BTC holdings, yet the market panicked anyway: over half a billion dollars in positions got liquidated in one day, wiping out roughly $200Bn across crypto markets total. The price fell below its 200-week moving average for the first time since June 2022, and more than half of all BTC is now sitting at an unrealized loss - a pattern that has historically preceded bear market bottoms. Saylor framed recent ETF outflows as capital rotating into AI rather than abandoning Bitcoin, while on-chain transaction volume hit near record highs, suggesting ownership was shifting hands during the dip. The technical picture leaves room for recovery if $63K holds, but a break below $59,100 could open the door to $58K and potentially lower.

3. Strive Buys Another 32 Bitcoin at $64K, Total Holdings Hit 19,032
URL: https://bitcoinmagazine.com/news/strive-buys-32-bitcoin-at-63900-average
Published: 2026-06-08 08:54 AM CT
Summary: Strive bought 32 bitcoin for about $2.1 million between June 2 and June 7, bringing its total holdings to 19,032 BTC - a modest increase from the roughly 19,000 it held before. The average purchase price of $63,911 per coin was about 14% cheaper than Strive's last big buy in late May and early June, when it acquired 2,500 bitcoin at an average cost of $74,092 for roughly $185 million. That earlier purchase was funded almost entirely through proceeds from its Variable Rate Series A Perpetual Preferred Stock (ticker SATA). Meanwhile, Strategy - formerly MicroStrategy - also restarted buying after a brief selling period, acquiring 1,550 bitcoin for about $101 million around the same time. CEO Matt Cole has signaled plans to expand both Strive's ASST and SATA at-the-market programs by another $2.1 billion each.

4. Bitcoin Miners Flip to Accumulation After Price Crashed Below $60K
URL: https://finance.yahoo.com/markets/crypto/articles/bitcoin-miners-flash-rare-signal-074021763.html
Published: 2026-06-08 03:40 AM CT
Summary: Bitcoin miners have stopped selling and started buying again after six weeks of liquidation - a shift that arrived right as price carved out its cycle low near $64,088. Network revenue hit an all-time high for the year at 89 BTC in May, which eases the pressure on miners to sell their holdings just to cover operating costs. Open interest has cooled from over $31 billion down toward $22 billion, meaning there's less leverage sitting around that could trigger a cascading flush if price wobbles again. The funding rate sits at 0.005%, slightly below the level seen before last week's crash - but it is creeping back up and new whales are realizing losses, which keeps things from looking too comfortable. Whether this miner accumulation actually marks a turn or just another pause depends on whether fee revenue holds through June and open interest stays contained.

5. Strategy Signals More Bitcoin Buys as Dividend Vote Nears
URL: https://cointelegraph.com/news/strategys-saylor-signals-btc-buy-as-preferred-dividend-pay-date-vote-looms
Published: 2026-06-07
Summary: Michael Saylor posted on X.com that it is a good time to add more dots, referring to Strategy's growing pile of Bitcoin shares ahead of the final tally on whether shareholders will approve changing STRC preferred stock dividends from monthly to twice-monthly. The company holds about 843,706 BTC at an average cost of $75,701 per coin while current price sits around $62,153 - roughly 16 percent below that mark over the past week. Strategy recently paused its Bitcoin accumulation temporarily to buy back corporate debt, which sent a chill through some traders who worried forced liquidation might follow if cash ran low. The dividend change needs just half of all 85 million outstanding shares as of April 2026 to pass and would start in June if approved at Monday's shareholder meeting. Retail investors have historically lagged institutional holders on proxy votes, casting only about 29 percent of their owned shares over the past five seasons compared with roughly 77 percent from institutions.

6. Bitcoin Eyes Rally Toward $92,630 as Nasdaq Corrects
URL: https://cointelegraph.com/markets/what-happens-to-bitcoin-if-the-nasdaq-falls-further
Published: 2026-06-07
Summary: BTC is trading in the low $63K range after holding above its 200-week SMA at roughly $61,880 - a level that has marked bottoms back to 2015. The analyst's main thesis: if BTC holds this floor while Nasdaq cools off toward its 20-week average near 22,905 (a ~10% decline), the pair could set up for a sharp rebound with $92K as target. Bitcoin-Nasdaq ratio RSI hit an all-time low of 14.70 on Saturday; February's similar reading preceded a 30%-plus move higher. The setup isn't risk-free though - spot BTC ETFs have bled $1.7B over four consecutive weeks, and Strategy just sold another 32 coins. The structural picture hasn't budged, even after the draw. Long-term thesis still intact.

7. Strategy Inc Buys Back In After Minor Bitcoin Sell-Off Sparks Panic
URL: https://ca.finance.yahoo.com/news/strategy-resumes-bitcoin-buying-spree-124607549.html
Published: 2026-06-08 03:46 AM CT
Summary: Strategy sold just thirty-two bitcoins last week for $2.5 million - a rounding error in the grand scheme of things, but enough to spook markets into thinking Michael Saylor had lost his nerve. The truth was simpler: they were covering mandatory dividends on preferred stock, not abandoning ship. Bitcoin dipped below sixty thousand and MSTR took its worst trading week since November 2022 as a result. This morning the company sold over a million shares for $181 million in net proceeds and used every dollar to buy back fifteen hundred fifty bitcoins at an average of about sixty-five grand each. That's nearly fifty times what they'd just offloaded, which is how you tell people not to panic when they're already panicking.

8. Bitcoin as a Single Crypto Pick
URL: https://finance.yahoo.com/markets/crypto/articles/heres-1-crypto-id-buy-212700280.html
Published: 2026-06-07 05:27 PM CT
Summary: The Motley Fool's Dominic Basulto is recommending Bitcoin over newer cryptocurrencies heading into summer 2026, arguing that its track record justifies sticking with it rather than chasing unproven tokens. BTC has been down about 44% from its all-time high set in 2025 - the same kind of drawdown we saw before it rallied to $100k by December 2024 after a brutal year that ended at roughly $16,500. The author's main thesis rests on three catalysts: new legislation called the Digital Asset Market Clarity Act moving through Congress, Bitcoin reclaiming its 'digital gold' role amid Middle East tensions, and bipartisan efforts to codify a Strategic Bitcoin Reserve into law with potential for aggressive government buying. He predicts BTC will hit $120k this year based on that momentum, though he notes Stock Advisor's current top 10 stock picks don't include Bitcoin - which is worth something if you're comparing it against equities rather than other cryptos. The structural picture hasn't budged, even after the draw. Long-term thesis still intact.

9. Bitcoin Steadies After $60,000 Breach as Strategy Adds
URL: https://finance.yahoo.com/markets/crypto/articles/bitcoin-steadies-60-000-breach-060839854.html
Published: 2026-06-07
Summary: Bitcoin has been trading sideways after dipping below $60k on Friday and recovering into Monday morning around $62,800 - still down roughly half from its October peak above $126k. Strategy announced a small sale of BTC for the first time since 2022, which rattled confidence in their perpetual hoarding strategy; Saylor's weekend comments about more purchases and Monday's $101 million buy helped steady things. The broader market is shaky with investors pulling money from Bitcoin ETFs while cash levels at DACM hit a two-year high. Geopolitical tensions like Israel-Iran developments provided some support to risk assets, though stocks in Europe and Asia dropped on the move. Ether rose as much as 5.6% around $1,720.

[Lucius]

Apparently, the WO is fulfilling the function of OpSec testbed and discussion. Some of the best geolocators I know, all of which have at least some skin in the game, gathered in one place exchanging ideas and test pics.

That is the beauty of the WO. It attracts a unique mix of minds, from macro analysts to geolocation experts. It has naturally evolved into a high level think tank where people test their skills and exchange serious ideas, far beyond just standard market chatter.

Don't forget, we're also T&A* field experts, even when it comes to fairies n'stuff.

* tits and ass

Haha, noted. Critical part of the core curriculum.

it used to be much more of "that" stuff years ago, lol
WO is aging?

What i am truly missing is the choo choo train pics  

*shit, should have put WO on the mechanics overalls.

So why are there two sets of  tracks as they approach the moon

Because AI sucks.

*I just got back in and generated two more and they all have issues so i'm done messing with this.

I need to kick back watch the games and try these takis chips.

Not bad, thought they would be like doritos though not like sticks.

Heat is not that high, I expected more.

Haha, got the game on and it just ended.

Maybe AI has its own version of BTC to the Moon - one track is for Saylor and the team with lots of coins, and the other is for everyone else.

[OutOfMemory]

So we swept the lows, temporarily faked out the bears, and closed back above the 200 Week MA ($61,825), Weekly Close: $63,300. These things all happened, even if only subjectively relevant.

Does this make me delusional for thinking we bounce back to $80-90K, before correcting back down to the 200 WMA at around ~$65K (based on current trajectory) over the next few months ?

Either that, or this week is going to be even more nasty that last week. But I will say this is starting to remind me of the fake-out candles in August/September 2024 below $60K. Granted that was based on different momentum, it was consolidation in a bull trend, rather than consolidation in a bear trend. The counter to that is that this is more like $30K level in May 2022: a previous support level that once broken, plummeted the market by 40%, followed by the eventual 50%. The TA does undeniably target $30K from effectively a two-year long head and shoulders pattern. If we do successfully break below $60K, I won't rule it out, but first that level actually has to be broken.

There is otherwise little to no hope for the short-term bullish speculators at present: no bullish divergence on longer time-frames, no strong bounce as of yet, we are merely flirting with lower lows. The cycle remains intact.

well 63k is better than 59k but it still looks like we drop under 49 k some time this year. oh well

I was stumbling over a survey's result where crypto owners (private) were asked about their expectations.
Key takeaways: $850k in 2034, $26k in 2026, followed by $80k at the end of the year, 17% wanted to strictly hodl, the majority is trying to sell high, buy low (60%) but want to keep Bitcoin in the end, while only few were looking to sell their corn for fiat (5%). With the rest being some "i aint sure yet" votes.

Personally, i think $26k is a bit low, but this was the lowest price expectation, while $850k in 2034 was the answer of the one(s) with the most hopium.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Figured I'd post the failed progression ones as well considering its literally taking retarded resources to generate these things.

[AlcoHoDL]

Perfect!

All sweaty and industrial! It even includes a rotation mechanism to direct the engine towards the moon, when the time comes.

[Gachapin]

Figured I'd post the failed progression ones as well considering its literally taking retarded resources to generate these things.

I like the reference to the chart!

[Hueristic]

I like the reference to the chart!

You can only send 50 merit to a given user per 30 days. You have already sent 50 merit to that user.

Shit.

All sweaty and industrial! It even includes a rotation mechanism to direct the engine towards the moon, when the time comes.

Yeah, I really like the aesthetic and specifically told it to use a roundabout.

[AlcoHoDL]

So we swept the lows, temporarily faked out the bears, and closed back above the 200 Week MA ($61,825), Weekly Close: $63,300. These things all happened, even if only subjectively relevant.

Does this make me delusional for thinking we bounce back to $80-90K, before correcting back down to the 200 WMA at around ~$65K (based on current trajectory) over the next few months ?

Either that, or this week is going to be even more nasty that last week. But I will say this is starting to remind me of the fake-out candles in August/September 2024 below $60K. Granted that was based on different momentum, it was consolidation in a bull trend, rather than consolidation in a bear trend. The counter to that is that this is more like $30K level in May 2022: a previous support level that once broken, plummeted the market by 40%, followed by the eventual 50%. The TA does undeniably target $30K from effectively a two-year long head and shoulders pattern. If we do successfully break below $60K, I won't rule it out, but first that level actually has to be broken.

There is otherwise little to no hope for the short-term bullish speculators at present: no bullish divergence on longer time-frames, no strong bounce as of yet, we are merely flirting with lower lows. The cycle remains intact.

well 63k is better than 59k but it still looks like we drop under 49 k some time this year. oh well

I was stumbling over a survey's result where crypto owners (private) were asked about their expectations.
Key takeaways: $850k in 2034, $26k in 2026, followed by $80k at the end of the year, 17% wanted to strictly hodl, the majority is trying to sell high, buy low (60%) but want to keep Bitcoin in the end, while only few were looking to sell their corn for fiat (5%). With the rest being some "i aint sure yet" votes.

Personally, i think $26k is a bit low, but this was the lowest price expectation, while $850k in 2034 was the answer of the one(s) with the most hopium.

$850k in 2034 will be epic.

But it won't be easy.

Here's a quiz:

$1k, $20k, $69k, $126k, ?, ?

Of course, the universe is non-linear, and "this time, or the next, could be different," so I do think $1M in 2034 is a reasonable expectation.

[snowpega]

Figured I'd post the failed progression ones as well considering its literally taking retarded resources to generate these things.

Is this image the presentation of the bear run?

Saying because the train is moving opposite to the moon.

The train seems tired and is getting back to bear home.

[Hueristic]

Is this image the presentation of the bear run?

Saying because the train is moving opposite to the moon.

The train seems tired and is getting back to bear home.

Do you actually read this thread?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bitcoin_Budha]

Is this image the presentation of the bear run?

Saying because the train is moving opposite to the moon.

The train seems tired and is getting back to bear home.

Do you actually read this thread?

Usually people do not like to read relative stuff because they love to live with the tag of introverts because they feel better and easy with this.

Buddy with green lights is always looking impressive.

Witht his speed $65K coming soon.

[BobLawblaw]

One of these days, a neutron bomb is going to go off, and all that will be left on these forums is ChartBuddy and Buddy Blocker posts...

Edit: Gunna work to remove derivatives reporting from the bot. Insignificant for our purposes. The numbers it generated in the last report were laughable