Opposition-control of the energetic cycle of near wall streaks in wall-bounded turbulence, using numerical approaches, has shown promise for drag reduction. For practical implementation, real-time opposition control is only realizable if there is a degree of coherence between the turbulent velocities passing a sensor and the target point within the flow; for practicality, a sensor (and actuator) should be wall-based to avoid parasitic drag. As such, we here inspect the feasibility of real-time control of the near wall cycle, by considering the coherence between a measurable wall-quantity, being the wall-shear stress fluctuations, and the streamwise and wall-normal velocity fluctuations in a turbulent boundary layer. Synchronized spatial and temporal velocity data from two direct numerical simulations and a fine large eddy simulation at Re_τ≈590 and 2000 are employed. This study shows that the spectral energy of the streamwise velocity fluctuations that is stochastically incoherent with wall signals is independent of Reynolds number in the near wall region (up to the viscous-scaled wall-normal height z⁺≈20). Consequently, the streamwise energy-fraction that is stochastically wall-coherent grows with Reynolds number due to the increasing range of energetic large scales. This thus implies that a wall-based control system has the ability to manipulate a larger portion of the total turbulence energy at off-wall locations, at higher Reynolds numbers, while the efficacy of predicting/targeting the small scales of the near wall cycle remains indifferent with varying Reynolds number. Coherence values of 0.55 and 0.4 were found between the streamwise and wall-normal velocity fluctuations at the near wall peak in the energy spectrogram, respectively, and the streamwise fluctuating friction velocity. These coherence values, which are considerably lower than 1 (maximum possible coherence) suggest that a closed-loop drag reduction scheme targeting near wall cycle streaks alone (based on sensed friction velocity fluctuations) will be of limited success in practice.