Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 924. (Read 26713578 times)
April 17, 2024, 12:01:13 AM
April 16, 2024, 11:01:13 PM
April 16, 2024, 10:27:12 PM
Man I guessed everyone is being affected by the absurdness of the climate change now, what I suffer mostly from this from the fact that there might be an heavy rainfall during the day while during the night everywhere will be so heated up.
While those who may have planted crops earlier like yam, corn and the likes in my state will probably be replanting now since it the rain started pretty late here while the temperature was really heated up.
While those who may have planted crops earlier like yam, corn and the likes in my state will probably be replanting now since it the rain started pretty late here while the temperature was really heated up.
It's just the beginning and with time we will see more absurdness that will impact every area of life.
If you can specify your country we can have more idea of which area you are talking about.
April 16, 2024, 10:01:16 PM
April 16, 2024, 09:31:33 PM
Yeah, about 1 year ago, I probably would have considered around $45k to be a reasonable pre-halvening price.. so yeah, maybe anywhere between $40k and $55k......
I've never considered anything below the ATH to be a reasonable price (to sell) anywhere near a halvening and anything less is a bargain.
April 16, 2024, 09:01:14 PM
April 16, 2024, 08:23:40 PM
The WW3 rumours, Fed keeping rates higher for longer, GBTC still selling off, anything else they want to stick in the mixing pot to try and mess everything up?
It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.
However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.
Stay strong, ignore the noise and HODL.
$200,000 - $250,000 in play for mid to late 2025.
It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.
However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.
Stay strong, ignore the noise and HODL.
$200,000 - $250,000 in play for mid to late 2025.
Yeah, about 1 year ago, I probably would have considered around $45k to be a reasonable pre-halvening price.. so yeah, maybe anywhere between $40k and $55k... and surely not really thinking that new ATHs would have had been breached, so maybe the fact that we are kind of stuck in this $55k to $82k range, right now (yeah maybe more narrowly $59k to $74k.. for the last 1 or two months and really we could say that the timeline of this range is really getting quite close to two months, but we probably would have to count February 28th as the date of our breaking into the range.. and we can look through the last two months and see quite a bit of volatility within such range.. and it seems to be a kind of healthy fighting of the over-exuberance in regards to getting into this range prematurely....
but the fighting of the range and the desire to not go up is NOT really seeming that likely to be won by the bears.. There just comes too much extra uppity pressures once we start getting into this noman's land range, and the extra buying pressures from the BTC spot ETF is not helping the case for down. (or even down before up).. Yeah, sure, it could happen, but it does not seem to be a smart play.. down before up seems like a losing play.
But, hey, whatever, part of the reason that some of us continue to be prepared for down, just in case, is so that we don't go crying if the BTC price does end up going down before UP.. but at least those same us are largely already prepared for UP, which may or may not be the case for a lot of folks who are either sitting on the sidelines or maybe some of those who are trying to manipulate the price down, they might end up suffering from overconfidence by some hard unsympathetic honey badger UPpity price moves.
April 16, 2024, 08:01:15 PM
April 16, 2024, 07:14:23 PM
Congratulations, according to my maths we have survived over 50% unwinding of GBTC. On Jan 10 GBTC held BTC619.187 and today they hold about BTC308.606 which is 49,8% from before the ETF was approved! They still proved supply pressure for few more months, but we're over the hump!
April 16, 2024, 07:01:18 PM
April 16, 2024, 06:49:11 PM
It would seem that Bitcoin has found a support @62k. I doubt it will go lower, although we could see a bear trap before we return to 70k+.
Interesting read:
BlackRock’s Bitcoin ETF is the only fund with inflows since Friday
Bitcoin ETF flow for the first quarter of 2024: https://farside.co.uk/?p=997
Interesting read:
BlackRock’s Bitcoin ETF is the only fund with inflows since Friday
Bitcoin ETF flow for the first quarter of 2024: https://farside.co.uk/?p=997
April 16, 2024, 06:01:15 PM
April 16, 2024, 05:25:00 PM
The WW3 rumours, Fed keeping rates higher for longer, GBTC still selling off, anything else they want to stick in the mixing pot to try and mess everything up?
It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.
However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.
Stay strong, ignore the noise and HODL.
$200,000 - $250,000 in play for mid to late 2025.
It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.
However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.
Stay strong, ignore the noise and HODL.
$200,000 - $250,000 in play for mid to late 2025.
We have very strong support at 59k
but this war thing, if it really becomes reality, at first there would be widespread panic... but then people would become aware of the GREAT VALUE utility of bitcoin, after all, who in times of war wouldn't want to see their assets safe in the clouds ? accessible anywhere on the planet... this would take BTC to unimaginable prices.
April 16, 2024, 05:17:34 PM
So cheap considering the halving in 3 days.
what would be the halving without a dumpYes.. you guys.. have likely already pointed this out.. but yes.. a halvening of the price may well be attempting to be taking place.
I doubt that there is going to be such luck, but sure, the bearwhales can try and see if it ends up working out for them.
they have not found Bitcoin yet, but at least nobody had to cramp gold bars into his arse ... step by step
Since bitcoin is digital, cramming it into your arse is pain-free. Can't feel a thing, since it is invisible. It's an idea. But yeah, cannot cram an idea up ur arse, have to cram it into ur brain, and there are a lot of ways to accomplish that... for example some dummies (perhaps including yours truly) might have to use cheating devices to lock up the coins, then cross over the border and then unlock the coins on the other side. Much easier than making machine parts or cramming thing-ie-ma-jiggies in places that they should not be crammed.
Nice dip this morning. We appear to be on the brink of $52K if we lose support here. If that goes, then it may be appropriate to panic a little. I still feel extremely confident BTC will be higher in a year, but nothing is promised.
Haven't even broken $61k, yet... and then there's gotta be some support between $52k and $61k.. I have a hard time believing that we go straight from $61k all the way down to $52k without any support along the way.. .. but hey whatever, you can come out with those low and seemingly pie in the sky numbers.. .. and maybe it could happen.. It's not impossible, but it seems like a bit of a long shot, absent some pretty amazing reasons to cause additional panic.
April 16, 2024, 05:05:11 PM
April 16, 2024, 05:01:14 PM
April 16, 2024, 04:53:58 PM
Bitcoin is moving up/down a thou in a few hours, repeatedly.
I think that it is really 'thin' on exchanges and this exacerbates the moves.
Let the corn grow!
I think that it is really 'thin' on exchanges and this exacerbates the moves.
Let the corn grow!
April 16, 2024, 04:01:17 PM
April 16, 2024, 03:11:19 PM
The WW3 rumours, Fed keeping rates higher for longer, GBTC still selling off, anything else they want to stick in the mixing pot to try and mess everything up?
It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.
However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.
Stay strong, ignore the noise and HODL.
$200,000 - $250,000 in play for mid to late 2025.
It’s annoying and a little unsettling, thinking that potentially any more FUD could send us under 60k. I’m not sure we can take much more bad news and hold 60k.
However the halving is in 3 days, I thought we’d be at maybe 45k at the halving if you asked me last year. Things will become very bullish, very quickly. We just need to be patient, there’s a lot of negativity right now with current world events and it’s spilling into markets, Bitcoin is not immune to panic selling.
Stay strong, ignore the noise and HODL.
$200,000 - $250,000 in play for mid to late 2025.
April 16, 2024, 03:01:15 PM
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