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

[fredericktaylor]

🇺🇸 Texas Senate to hold a public hearing to discuss the Strategic #Bitcoin Reserve bill today 👀



source:
https://x.com/BitcoinMagazine/status/1891805313147244914?t=FDkhLFPEYlQy27u5pJOdCw&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Leahized]

🇺🇸 Texas Senate to hold a public hearing to discuss the Strategic #Bitcoin Reserve bill today 👀

source:
https://x.com/BitcoinMagazine/status/1891805313147244914?t=FDkhLFPEYlQy27u5pJOdCw&s=19

Council Document: 89R 12465 SRA-F

Relating to the establishment and administration of the Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds.

Financial--General (I0365)
State Finances--Management & Control (I0748)
TEXAS STRATEGIC BITCOIN RESERVE AND INVESTMENT ACT (PO2LR)
CURRENCY & CURRENCY EXCHANGE (S0335)
COMPTROLLER OF PUBLIC ACCOUNTS (V2608)
TEXAS STRATEGIC BITCOIN RESERVE ADVISORY COMMITTEE (VB9VD)

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB21

[d_eddie]

bullshit. 210,000 btc is enough. 1 percent of the entire stock of btc works for most every one.

Except mikie saylor.

Paints a heck of a target on your back to own 210,000 btc.

He doesn't hold the Bitcoin, nor does Microstrategy; its custodied, split between Fidelity Custody and Coinbase. I'm willing to bet he doesn't hold his own, personal stash either.

https://cointelegraph.com/news/arkham-intelligence-microstrategy-bitcoin-fidelity

This defeats the entire purpose of bitcoin.

As I said, its unlikely that he personally has ever made a single bitcoin transaction.

Fidelity are certified crooks (don't ask me how I know).
It seems Arkham are crooks too.
It is what it is.
Don't trust. Anyone.
Verify.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Powerjumboo]

Twelve years ago today, the first known Bitcoin advertisement was created. A user on the Bitcoin subreddit designed it in Microsoft Paint with the phrase "Magic Internet Money." The community crowdfunded its placement on Reddit’s front page when the price of Bitcoin was only $20.



https://x.com/DocumentingBTC/status/1891850346546274327?t=TX1qHkd0YsavXViV4PtFhA&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Paashaas]

Ore a double top ready to tank all the way to $50k - $70k.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

buy ladder is looking for some action just a little more honey badger.

[BobLawblaw]

Just... fucking... Goddamnit...

Heading back to $58k soon.

[OutOfMemory]

Bullish pennant formation, break out violently, to the upside soon?

I don't know how soon but current chart is beautifully bullish while we hold above $90K.
I can wait as long as if we breaking above $100K we are crossing a new ATH.
But if we get rejected then again? That wouldn't be cool.



I think what we missing are Fudders screaming we going to $70K.
That's why we still here.

I think "we" are missing patience and confidence, no?
Look, there's this inevitable thing, and it's not a question of how long it will take to get (us) there, anyway.
Just watch, buy, repeat. Hodlers are made, not born.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

looks like that bet between JJG and WatChe may paying out soon..

[Biodom]

Just... fucking... Goddamnit...

Heading back to $58k soon.

The price is around 94K, yet these two (Bob and paashaas) are talking about 50 or 58K.
What gives?
That said, it is possible, but not a likely scenario

[jstyler]

BTC sitting at 20.2k, 5m volume around 1.3k, most of the book is to the buy side.