Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8. (Read 26729208 times)
February 06, 2025, 05:01:15 PM
February 06, 2025, 04:46:41 PM
Spot on, but what are the causes?
To me, it seems that "crypto' (apart from bitcoin) is dying or at least is in a catatonic state.
This comes back to what it's function, overall?
As I said before on multiple occasions: the second layer should have been developed on bitcoin.
Instead, not much was developed on bitcoin and everything else quickly loses relevance, maybe with one or two exceptions (or, maybe even just one and it is not the VB coin).
Inflation hedge with bitcoin and stablecoins for fast payment tx-those are ONLY two applications with large relevance right now.
DeFI could be a third app, but it is hopelessly fragmented and was banged repeatedly by the gov.
The fact that banks would soon be able to issue tokens horrifies me quite a bit.
IMHO, too much acceptance and too much integration into the "old" system gives the field as a whole a "kiss of death".
To what extent bitcoin could stay above the fray would be determined in the next 6-12 mo, imho.
Well DeFi and other crypto projects, you're right Bitcoin needs to solidify its role as a key player. Let’s hope for innovative developments that serve to its strengths while keeping those old systems at cove .
February 06, 2025, 04:26:13 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
Indeed, if we take a look at the heatmap, February should be great for Bitcoin:
My prediction: next leg up to 120-130k in February-March, 150k in Summer and a moonshot (200-250k) in November.
Right now, it "feels" like a bear market..with it's drip drip drip downwards.
Quite shocking, in fact, since that we are declining (or flat) against all expectations.
Isn't it a definition of a bear market when the ostensibly good news cause further declines instead of price increases?
That said, I am predicting nothing further, maybe it is "something" localized in time like a 'bear market" of 2020 that was severe, but lasted 2 mo or less.
Obviously, it is too early to have a cyclical bear market as we are NOT at the end of 2025 yet.
Weird, I don't see any signs of acbear market to be honest. Just take another looks at the heatmap. Should we start to worry? Perhaps if we'll have two red months in a row or more than 3 red months this year we should start to worry. Otherwise, everything looks normal so far.
February 06, 2025, 04:26:12 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
Indeed, if we take a look at the heatmap, February should be great for Bitcoin:
My prediction: next leg up to 120-130k in February-March, 150k in Summer and a moonshot (200-250k) in November.
The FTX distributions should make a difference here right? Even if only 10% of that money makes its way into Bitcoin, that’s still over a billion dollars. I think the % could be higher and I also think those people getting their money back could lead them to more future investment or getting friends and family back in the game. That should hold us over until Governments kick accumulation into overdrive. Then if Strategy finds its way into the S&P 500, things could get wild.
February 06, 2025, 04:04:19 PM
Obviously, it is too early to have a cyclical bear market as we are NOT at the end of 2025 yet.
February 06, 2025, 04:01:17 PM
February 06, 2025, 03:34:10 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
Indeed, if we take a look at the heatmap, February should be great for Bitcoin:
My prediction: next leg up to 120-130k in February-March, 150k in Summer and a moonshot (200-250k) in November.
Right now, it "feels" like a bear market..with it's drip drip drip downwards.
Quite shocking, in fact, since that we are declining (or flat) against all expectations.
Isn't it a definition of a bear market when the ostensibly good news cause further declines instead of price increases?
That said, I am predicting nothing further, maybe it is "something" localized in time like a 'bear market" of 2020 that was severe, but lasted 2 mo or less.
Obviously, it is too early to have a cyclical bear market as we are NOT at the end of 2025 yet.
February 06, 2025, 03:12:54 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
Indeed, if we take a look at the heatmap, February should be great for Bitcoin:
My prediction: next leg up to 120-130k in February-March, 150k in Summer and a moonshot (200-250k) in November.
February 06, 2025, 03:01:17 PM
February 06, 2025, 02:10:31 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I tend to see the full glass and what can i say.
I understand your feelings but is only a psychological number, if we see the whole picture we are surfing above the 90k from a long time so still a very good number and a super performance, every time a hit is taken the BTC only suffer a bit and very fast go up again in hours or days.
If you see in the recent developments the BTC is super strong, maybe one of he most strong "assets" of the whole world.
Deepshit AI? Dont give a fuck,
Trump trade war? Dont give a fuck
BTC remains still standing when Nvidia and other mayors assets fell apart.
What about? ...
Nope, the truth is that BTC trading price no more reflects its true value.
Nvidia (and what not) may be past similar situations, but instead overvalued (or maybe better: overpriced).
That bananas-apples comparison is meaningless.
As BTC increasingly decouples from the economic situation, it is still undervalued AND underpriced, though the undervalued part improved significantly, while price wasn't following. I mean, c'mon. If i can see this, you can see it too. This or i'm completely stupid.
Sure, we all can "think positive" about what's happening around Bitcoin.
I mean, what would Satoshi say to all this, watching the banks and financial elites grabbing masses of BTC without moving the price (shifting the value) while the spot market's life and liquidity is getting milked out by the same institutions? Do you think he would be positive?
I am not an evangelist, but there definitely is this ethical edge, isn't it?
EDIT: I didn't even touch that usability topic (yet)!
Oh, and where was adoption, outside of El Salvador? We're in the middle of a bullrun, come the fuck on!
Sure, WAGMI, but is that really everything to it? I don't think Bitcoin can live off greed only.
February 06, 2025, 02:01:15 PM
February 06, 2025, 01:55:15 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I tend to see the full glass and what can i say.
I understand your feelings but is only a psychological number, if we see the whole picture we are surfing above the 90k from a long time so still a very good number and a super performance, every time a hit is taken the BTC only suffer a bit and very fast go up again in hours or days.
If you see in the recent developments the BTC is super strong, maybe one of he most strong "assets" of the whole world.
Deepshit AI? Dont give a fuck,
Trump trade war? Dont give a fuck
BTC remains still standing when Nvidia and other mayors assets fell apart.
if DOGE succeeds in drastically reducing gov spending, bitcoin might be affected negatively (short term), it's just math.
However, i doubt that it would be possible-bureaucracy always brings spending back.
February 06, 2025, 01:45:17 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I tend to see the full glass and what can i say.
I understand your feelings but is only a psychological number, if we see the whole picture we are surfing above the 90k from a long time so still a very good number and a super performance, every time a hit is taken the BTC only suffer a bit and very fast go up again in hours or days.
If you see in the recent developments the BTC is super strong, maybe one of he most strong "assets" of the whole world.
Deepshit AI? Dont give a fuck,
Trump trade war? Dont give a fuck
BTC remains still standing when Nvidia and other mayors assets fell apart.
February 06, 2025, 01:34:13 PM
🇺🇸 Iowa State Rep. Taylor Collins introduces bill to invest public money into Bitcoin and digital assets.
https://x.com/BitcoinMagazine/status/1887568180597395651?t=y7s8mAsCl00TwaVvfyCoeQ&s=19
https://x.com/BitcoinMagazine/status/1887568180597395651?t=y7s8mAsCl00TwaVvfyCoeQ&s=19
February 06, 2025, 01:19:25 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I am not frustrated nor does the current situation surprise me in any way - because if you look at the time before January 20, when the big gray crypto messiah was enthroned in his new old position, everything looked so great and promising, but after that we got only a lot of negative things in the global context with US claims on the territory of Panama, Denmark (EU) and at the end of the Gaza Strip where TFamily would build a luxury resort at the expense of 2 million people who need to be displaced.
In such circumstances and with the expectation of what exactly will happen with Ukraine, people are quite cautious and it suits them to take profits in the range of $90k to $100k - and at the same time all these stories about BTC strategic reserves may indicate that someone behind the scenes is pulling the strings - because if some central banks are going to buy BTC, then it is in their interest for the market to cool down and possibly for the trend to reverse.
To me, it seems like the market has burned out and got stuck because of the bullish news failing to reflect in the spot prices. We know the reason, and honestly, it doesn't make much sense to trade at the time. News can't be used to anticipate price action, ETFs, Saylor, soon also Banks are buying like crazy at OTC desks, exchanges are milking long and short liquidity on a regular basis. The spot market is sick and the action is mirroring just that.
Spot on, but what are the causes?
To me, it seems that "crypto' (apart from bitcoin) is dying or at least is in a catatonic state.
This comes back to what it's function, overall?
As I said before on multiple occasions: the second layer should have been developed on bitcoin.
Instead, not much was developed on bitcoin and everything else quickly loses relevance, maybe with one or two exceptions (or, maybe even just one and it is not the VB coin).
Inflation hedge with bitcoin and stablecoins for fast payment tx-those are ONLY two applications with large relevance right now.
DeFI could be a third app, but it is hopelessly fragmented and was banged repeatedly by the gov.
The fact that banks would soon be able to issue tokens horrifies me quite a bit.
IMHO, too much acceptance and too much integration into the "old" system gives the field as a whole a "kiss of death".
To what extent bitcoin could stay above the fray would be determined in the next 6-12 mo, imho.
February 06, 2025, 01:07:16 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I am not frustrated nor does the current situation surprise me in any way - because if you look at the time before January 20, when the big gray crypto messiah was enthroned in his new old position, everything looked so great and promising, but after that we got only a lot of negative things in the global context with US claims on the territory of Panama, Denmark (EU) and at the end of the Gaza Strip where TFamily would build a luxury resort at the expense of 2 million people who need to be displaced.
In such circumstances and with the expectation of what exactly will happen with Ukraine, people are quite cautious and it suits them to take profits in the range of $90k to $100k - and at the same time all these stories about BTC strategic reserves may indicate that someone behind the scenes is pulling the strings - because if some central banks are going to buy BTC, then it is in their interest for the market to cool down and possibly for the trend to reverse.
To me, it seems like the market has burned out and got stuck because of the bullish news failing to reflect in the spot prices. We know the reason, and honestly, it doesn't make much sense to trade at the time. News can't be used to anticipate price action, ETFs, Saylor, soon also Banks are buying like crazy at OTC desks, exchanges are milking long and short liquidity on a regular basis. The spot market is sick and the action is mirroring just that.
February 06, 2025, 01:01:17 PM
February 06, 2025, 12:21:05 PM
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I am not frustrated nor does the current situation surprise me in any way - because if you look at the time before January 20, when the big gray crypto messiah was enthroned in his new old position, everything looked so great and promising, but after that we got only a lot of negative things in the global context with US claims on the territory of Panama, Denmark (EU) and at the end of the Gaza Strip where TFamily would build a luxury resort at the expense of 2 million people who need to be displaced.
In such circumstances and with the expectation of what exactly will happen with Ukraine, people are quite cautious and it suits them to take profits in the range of $90k to $100k - and at the same time all these stories about BTC strategic reserves may indicate that someone behind the scenes is pulling the strings - because if some central banks are going to buy BTC, then it is in their interest for the market to cool down and possibly for the trend to reverse.
February 06, 2025, 12:20:35 PM
~~
The 90k-110k slot has been dead solid in the pocket.Just stack and hodl more than you spend.
This is a great opportunity for us.
greater opportunities were just a few weeks and months behind us bro
You referring to Jan 2023? when price of Bitcoin was below 20k$. In just two years, price has gone up from 20k to 100k.
May be in Jan 2027, when price of Bitcoin will be over 200k or more. We still saying, greater opportunities were just a few weeks and months behind us.
February 06, 2025, 12:14:44 PM
Then Donnie Doofus was inaugurated.
On another note, I'm on 'vacation' in Observing Bitcoin price.
Got hooked by a Series The Day of the Jackal a remake of a 1973 movie about an Assassin.
It's quite a thrill in my book
Notable things was finding out the amount of information that can be gotten in the internet about a Target
Because of Their posts in sharing personal information. Assassination becomes relatively easier.
Don't mind my ranting, you can try it if you into such.
Unnecessary spoiler: He's hired by the Government to assassinate a Man inventing a system that would make finances transparent all over the world.
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