Topic: Is the selling pressure in the ATH level can be a problem to reach $100k? - page 5. (Read 765 times)

Those who wait for the price of bitcoin to rise for a long time and who only want to make a profit will create price pressure. As you said, this can be overcome together with new investors.

100k is a dream for many people. This dream has been around for years and I wonder what might happen in the market when it comes true. When a price comes that many investors have been waiting for years for, there will be a lot of selling pressure. If the price reaches 100k, we can see a lot of selling and buying there. It will not be easy to pass 100k, but I think we will pass.

I agree with what you said about the halving. In addition, I can state that, as the halving approaches or after, I think there may be some movements in the market depending on the behavior of corporates.

If we start from the fact that most people invest in Bitcoin exclusively for profit, then there is no doubt that any significant price increase results in a certain sales pressure, which again can mostly be amortized with increased demand due to the appearance of new investors who will be carried away by the FOMO wave.

You should also take into account the fact that a large amount of BTC is in the possession of investors who have kept it for more than 5 years and bought it at significantly lower prices than is the case today, and considering that $100k is a very nice and round number, many have it as an exit point - especially those who dream of becoming millionaires and have at least 10 BTC at the moment.

It would therefore be logical to expect that the selling pressure will be much greater than before when a new big bull run starts, and we should not ignore institutional investors who will be looking for their opportunity for profit.

As for the halving and the price change, I don't believe that anything positive will happen right away - and maybe even a slight drop will happen, which will be precisely caused by your way of thinking. What I want to say is that too many people see the halving as some kind of magical trigger that automatically raises the price, but the matter is much more complicated.

Selling pressure in the ATH area is normal because that is the reason why the price of Bitcoin or alts dropped. Well, the ATH zone is the strongest resistance meaning it cannot be broken easily. So it really needs enough demand to break the ATH. In fact, if the ATH is broken, there is no other resistance that needs to be broken so it is easy to reach the $100k price of Bitcoin.

I see your perspective, but the reality is that you are referring to the small investors that purchased at that price. To be honest, if they sell their investment because they have already made a profit, the price of Bitcoin will not be changed significantly. The institutions and whales are the reason of the impulsive candlesticks on the chart. So those selling pressure in ATH, they are the possible cause of that. Based on my observation on the chart, the selling pressure is strong in the ATH area.

I don't think Bitcoin price will reach $100k immediately after the halving. If we look at the previous 2 halvings, Bitcoin's price took time to reach its peak. So it seems, for the next halving, Bitcoin still needs time to reach its latest ATH.

And for people who already bought Bitcoin at $69, they probably won't sell Bitcoin at around that price. They will have a higher selling target, $ 75k- $ 100k or even higher. That's so they can get big profits. But people who bought at the current price or even at $15k-$17k can sell when the price exceeds $69k.

But whatever the high price of Bitcoin later, you have to determine the selling price you want so that you can take the profits. The important thing is that you can still accumulate more Bitcoins.

For those who buy at the ATH price, it is certain that they will hold with patience for almost 4 years, if for example bitcoin reaches that level, it means that those who bought first only sold their initial capital did not want to hold a little longer because maybe the reason for boredom or did not want to lose more, but believe me when from them there is an urge to hold more then maybe they can feel the price of $100K because this is quite realistic for us to see.

When the selling pressure reaches the previous ATH peak, there will definitely be heavier selling pressure but I don't think it will succeed in breaking through a bigger wall when bullish will arrive, this is not after the halving will immediately rally, but there is some time (months) for bitcoin to be truly bullish.

Somebody who knows what he's doing and has bought at 69k (although I'd say that the one who knew what they're doing have bought much cheaper) has either sold when the price started showing a downturn (55k) and maybe bought back when the price started showing some recovery (~20k?), either will wait much longer than just 69k and some change.

But 100k si a psychological target and I expect quite some (even much older holders) will sell around then, creating a temporary sell pressure.
But a good keyword here is temporary. Compared to the whole length of the bull run, the 100k "pause" might not even become that much visible.

Not specifically the ATH price but the general area sure.  It will all be down to volume and prior trades down at this price.  Purely some people will cash out trades at the ATH price automatically without looking.   While those trades are on the order book you have at least some resistance.
   This relates to 20k and how people said this must be the bottom price.  Not really the case imo as it was light  volume not observed by all parts of the market hence we did go into the teen prices and scared quite a few people.  All of this is normal, we are not blessed or perfectly guided in any exact way.

The most obvious point I can make which everyone already knows, the Dollar is of no fixed value.  Its losing value everyday, nominally sure the ATH is the same price but value we not able to pinpoint any price properly as its never the same.

If they can confidently hold bitcoin for years then there is no reason they would sell it at the price they bought it at, which sounds absurd to me.  instead, if we talk about selling pressure in the market, why don't you think that people who buy bitcoin for $15k, $20k, $30k...will sell bitcoin when they have the profit doubled or tripled?  so, there won't be any selling pressure that can stop bitcoin during the upcoming bull season.  but everything will have a limit in each bull cycle, selling bitcoin at what price depends on the vision of each investor. 

Bitcoin can not increase to $100000 immediately after halving, but the bullish period would have started. For bitcoin to rich six digits, that could take some months as people continue to buy than sell.

What selling pressure? In the next all-time-high? Know that there would be a peak, but which we do not know for now. After the peak price, likely selling pressure would be strong again. But bitcoin would have increased more in a way a the price before the halving would not be gotten to again

Regarding the question of whether we will reach $100,000 immediately after the halving? I don't think we will suddenly grow to 6 digits after halving, and it's note though what will be the price pre-halving? That is the most important question before we can see the price jumping in months and short term to $100,000 (I'm assuming that this is "immediately" as per the OP).

If it hits $50,000 before halving, then maybe specially if there is really that big news to trigger that massive growth like the news of Spot Bitcoin ETF approval next year by SEC. So really hard to see and speculate, but one thing is for sure, there's a lot of hype that our new all time high will be minimum 6 digits so even those who have bought at the previous all time high of  $69,000 might still get profits if they continue to HODL on it or just go and accumulate in the bear market.

Any of those who bought around $69k that still holding till now truly believe in Bitcoin and probably did not buy under pressure. This is because those who bought the hype of 2021 had already sold at loss and moved on. It is as easy as that and it's not going to change soon...

When Bitcoin returns to $69k, I don't think there will be any selling pressure instead, it will confirm the expectation
S of many people who believe that Bitcoin will hit $100k... this is where I expect many of them to liquidate their assets. 

Nevertheless, even if Bitcoin gets to $1m, there will still be those that will HODL and never sell off.

The previous ATH of Bitcoin before its current ATH was around $65k in April 2021. And after that, the price of bitcoin suddenly dropped but due to the hype, many investors were encouraged, creating another ATH which is our current ATH $69k. Many thought that the price of Bitcoin will reached $100k, so many of the investors bought around $69k, but what happened?

There was a sudden dump in the price that plugged many investors. And many of them who bought around 69k price were still holding their Bitcoin today. Maybe they think that if Bitcoin reaches this price, it's time for them to sell. It is certain that there will be selling pressure when the price of Bitcoin reaches such a level.