Topic: Is the selling pressure in the ATH level can be a problem to reach $100k? - page 2. (Read 765 times)

That is such an important aspect of the crypto and specially bitcoin world and yet we are still doing something that is quite important to handle. I think it could be important to realize that we are not going to end up with anything that needs to be considered differently. I get that it may not be all that simple, and we need to arrange something that would be a little difficult to handle, but if we can handle it, we could definitely make it change, that's the part.

If we know what we are doing with a long term bitcoin investment, then we could make a profit from it and should be happy about it as well, that's very important aspect of the bitcoin world that could be arranged in a way that could be a lot more different.

If a person is lacking even a single one of the most important factors that make an investor a success then it becomes impossible for them to reach their goals, and without a doubt being patient is one of the most important characteristics for an investor, as you never really know when the asset that you are holding will go up in value, and this is even more critical in markets other than this one, since it could take years or even a full decade before an asset is able to reach its highest price, and you do not want to sell before that happens.

What you said is the truth. It can be said that no one losses in bitcoin if they are patient. You only lose when you sell at lose. Patience is a great virtue in the bitcoin investment. But then we still need to be considerate. It is only someone who is financially stable that can be able to forget an investment for more than 2 years.
This cannot be said about a person who actually isn't sure where their next meal is coming from and neither is it for someone who invested in Bitcoin to be able to pay house or other rents.
The best way to invest in bitcoin is when you have a steady source of income and being consistent with the DCA method.

Well you do got a point which considering that there's no assurance on what the market would look like in this upcoming bull run cycle on which it would neither be for Bitcoin to successfully break out its ATH or would really be that just going low. There's no assurance on how it would look like but pretty much sure that there are tons who are really that placing their sell orders on that ATH level on which there's no doubt that
it would really be able to experience several rejections on breaking that point which it might take a while but we know that if there would be some sort of positive thing or news do happen, then it would really be acting
as a catalyst on breaking out that point or resistance on which basing up on previous bull runs then it did really happen or something that the market is really that witness.

This is why you cant really blame out people on not to think on the same scenario just like into those previous cycles and this is why some are really that too optimistic towards the price.
Some are really making out those realistic approach towards prices and some do really go into those non realistic ones. You could really see that prices is really that floating around
in terms of those speculative approach on which it is really just that too common on this thing. Pressure or struggle on breaking that previous ATH? It would be normal
but that doesnt mean that its unbreakable. We do know the community demand which is something that cant be stopped when you are there.

Most likely. People have been waiting for this moment since 2016, there's a high possibility that the guys that were biding their time since then, and have accumulated a sizable amount of crypto through those period would have sold a good portion of their holdings  as well. It's quite possible.

Anywho, there's also the possibility of "there's going to be a higher ATH than that!" investors taking the lead during this period, holding with all their power at least until the whales act upon the price. We can't really say for sure if we'd be able to sustain the 100k ATH but historically, bitcoin has been able to hold its ATH for months on end, so I'm hopeful that the same could happen this time after all.

Based on my speculation, I doubt that Bitcoin will be able to get to $100k after the halving. Since Bitcoin might not get to $50k this year, it is possible that will happen by next year, and we can see Bitcoin maybe around $68k next year or not, but 2025 would really be when I think that the bull market will be more serious and the price of Bitcoin will surge through $100k. Normally, some people are going to sell off their coins if the price gets to $50k or $60k, except those who bought them when the price was $68k, and if many people sell by next year because of the price surge, then there might not be so much of a sell presure.

Due to that bubble like all time high records makes it hard for many of us to actually believe that the ATH is actually what the value of bitcoin could be and how long is bitcoin able to stay at that price for a specific time,  and how deep the price of bitcoin will slide when the bull run party is over,  because ATH is not a sustainable price so for sure,  taking profits in-between is to ensure approach to Bitcoin profitable market practice.

So it is better to DCA along the way and as the price keeps moving we all should keep acting along with it,  and accumulate more Bitcoin and never hesitate to exchange it when the price hits the thenear-speculatedd ATH price.

The all time high was during a bubble type move upward so I don’t think it is as meaningful as some think. Not to mention most traders are probably already taking profits on this small move upward, so they’ll have been long out of the market before we near the all time high. $100K might be difficult to break on a psychological level, but we’ll have to wait and see.

Every ATH would really be that something a huge struggle to break on which it is true that there would really be tons of sellers into those point specially into those investors or traders who had caught themselves into those points on which until now they are really that still holding their position.They've been long time waiting for the situation to come and once the price do really be able to reach out those levels then expect that sell orders would really be that huge or something that cant really be easily be broken or simply having that breakout. We do really have that need of extreme bullish news in correlation with those positive sentiments like ETF approvals and other adoption news which it would really be able to trigger out that strong positive turn of the waves.

I dont know if it would really be just that enough on breaking that $100k but we know that Bitcoin doesnt really fail on surprising us which it had been able to do such thing on past bull run events or times too.
If we do see that there might be some struggle then i would say that it is really just that normal. As a trader or investor then it would really be that always wise that you should really be always
setting out that selling point so that you wont really be ending up on holding for long time or for another cycle on which we know that it would really be that a couple of years
on which i could say that it is really just that too long for the wait.

By that logic we shouldn't have gone up to 69k at the time neither, you think there weren't any selling pressures back then? We never reached above 20k before that bull run, and not only we broke over 20k, we reached 68k, from 2ok to 68k there were insane selling pressures, and at times it did stall our progress and dropped the price a bit or stopped the price a bit. But what happened afterwards? We have gone up even more and did even better. This is why there is no worry, of course there will be huge selling pressures from 35k to 100k, there is no denying that, it will certainly happen, but at the same time it doesn't mean that we should stop just because of it, we will reach that 100k in spite of it.

I quite agree with your idea because if we look back what happened to DOGE coin way back 2021, people think that it would go to $1 because everybody is hyping it to reach $1. So because people are expecting to reach $1, we also expect that there's a lot of sellers on that price but what happened? Wise people sold their coins nearly before it happened to assure that all their coins won't stuck at the order book. That is also possibly true to Bitcoin, since people are expecting with $100k price, a lot of sellers will occur immediately at $80k or $90k price.

It can't go to $100k straight after the halving event and there will surely be disruptions along the way, it is even possible that it doesn't reach that mark and starts declining before that. The highest possible and realistic target I have in my mind as the all-time high is between $80k - $90k, and it will most probably start declining from that point if investors start making a profit and selling one after the other just so that no one misses the highest selling point.

We all know what happens when there is selling pressure, investors start dropping the price little by little just so that their assets get sold before others and that process continues until the price drops very low, and no one can stop that from happening. Market sentiment is everything, if everyone is confident, the price will keep surging but if it's the other way around, I'm afraid it won't go very far.

I don't know if 100k will come right after the halving, but I would prefer the price to increase gradually. Every time the price increases, Bitcoin should consolidate its place and continue that way. A sudden increase in the price also indicates that it will decrease in the same way. I would prefer a gradual increase rather than such an increase.

I do not think there will be a selling pressure at the ATH level because Bitcoin investors think that a new ATH will come and the 100k target will be exceeded. At least, I think so.

It seems to me the ATH should not be too much of problem and it will not become an impossible resistance level that cannot be overcome, and if anything I think the opposite will be the truth, as once we get to see the price of bitcoin to reach 60k again then the expectations traders will have about bitcoin surpassing its previous ATH will increase, which will make the demand for bitcoin to surge and with it its price, so I will not be surprised if bitcoin was able to leave behind the 69k level incredibly quickly once we got close to it.

Even if the market is in a long bearish period, it does not take long to come back from it if the investors have confidence. We have seen a large bullish trend in Bitcoin price over the past few days and if this trend continues we will see a bitcoin bull run. Bitcoin halving in 2024 has created confidence among all types of investors, so if everyone tries to increase their investment, we can surely surpass the market's all time high. Ultimately, the buying pressure of Bitcoin will increase as investors build confidence in that bullish movement. We will certainly enter a bull market around the upcoming Halving.

Sure, there will be selling pressure, but first we have to get near the ath, and that's the tricky part. Not crossing ath. Because when we get closer to ath, and selling pressure grows, there will be hype and buying pressure as well, which will break the sell wall. Because that level of volume shows up as a bullish signal to every trader out there, and sooner or later even sellers will start buying back in panic. And anyone shorting it with leverage will end up having same fate as shorters of GME in 2021

Psychologically, it won't be a problem just a barrier, because the greed emotion on the ATH is going to be hard to suppress and most of the traders will decide their next strategy with proper risk management and they'll consider at least a significant amount of exit (as profit booking).

Temporarily it will greatly impact the market sentiments, but on a wider scale we can judge the real potential, also this cycle will end in tragedy and how this tragedy will execute itself let's wait & see. ATH I'm expecting it will be exciting because there is going to be great impatience between the buyers & sellers.

The number of people that bought near or at the ATH and that are still holding their coins should be very limited, as there are only two types of people which could have done this, those buying because of the hype, which should have sold their coins in panic already as they were weak hands, or speculators which realized they made a mistake, and sold their coins for a small loss, no one else really bought at that level, which is why there was a crash, as those that really believed in bitcoin bought their coins much earlier and for a cheaper price.

If you are those people or investors who had been able to buy when the price is on its peak then ending up on holding because you've seen negative into your portfolio then it would really be that requiring that
tough mental strength and that discipline on holding your position specially that you are really that needing to hold for long because we know that each cycle does last 4 year cycle but if you are that someone who do lack knowledge and experience on this market then you would really be have long time on making that cut loss but for those who are really that wary about the situation then for sure you would really be holding still
and strong and its not that all people would be doing the same thing. There would really be those people who would really just simply panic.

Selling pressure would really be there and if you arent that having that strong mental state then for sure you would really be ending up on selling but if not then you are still holding your position
and do even make that DCA on which it would really be just that a common approach. We know that the market cant really be just like this forever on which it would really be just that normal
or wise to think that recovery would really be always next in line.

The scenerio you are trying to explain is that those who bought at ATH of $69k in 2021 who are still hodling will be in a haste to rush out... But I don't think so.

If there will be selling pressure at that level of 69k, I don't think it will be because of rushing out of 2021 hodlers but it could be because of panic by weak hands who fear that such level will become a resistance and price could bounce back and start dropping again, so they might not want to wait but to dump at that level as faster as they can and run out, and such action might cause price to start dropping because of such spontaneous sell as everyone will be at alert.

Well going by last bull that got the $69k in 2021, the drop was sudden and just when you could know what was happening it was already around $54k.

So I think the bull run didn't last and for the 2021 hodlers, instead of being in a haste to run off, they might hodl longer to maximize their 2/3 years investment profit.