Topic: The direct reason why Bitcoin cannot exceed $100,000 (Read 800 times)
Now that price is over the 100K hurdle I guess title needs to be changed or topic locked as it's been fulfilled 🔒 
Btw I like your analysis, so basically what would have happened here is that all sell orders sitting at the $100,000 mark could have attracted price as price is attracted by liquidity 🧲
and with enough buying pressure the bulls 🐂 won this battle which has continued to show more greens in the markets...Next stop 200K, just hope this doesn't take a decade
Btw I like your analysis, so basically what would have happened here is that all sell orders sitting at the $100,000 mark could have attracted price as price is attracted by liquidity 🧲
and with enough buying pressure the bulls 🐂 won this battle which has continued to show more greens in the markets...Next stop 200K, just hope this doesn't take a decade
Now that it already happened, what's next? What's next for Bitcoin.
Reaching another milestone of $500k before stepping into the territory of the 7-digit market price
. I did not expect that Bitcoin market will rush it pricing to $100k this week even surprising in peaking @103k+.The speculation of Bitcoin reaching a $150k price is now in sight I wonder how long it will take for BTC to breach it and reach $200k. With the current hype and the duration of the Bitcoin bull run with each ATH brings more hype to the already hyped Bitcoin market, I believe that there are more surprises awaits us in the coming months.
So much for the OP's theory... we are now above $101k
We all make mistakes sometimes.
And it's wonderful when we learn from them.
EDIT: Oops. It's already over $103,000. End of year might see $150,000 at this rate. If only McAfee had waited a little.
What did McAfee do?
So much for the OP's theory... we are now above $101k
And over 103k.
We are going to see $110k easily at this rate.
The only thing I'm wondering is how long we can sustain this rally. And when will the price inevitably dip below 100k.
It is really funny AND sad to see so many theories on how Bitcoin will not succeed, only to be disproved by time and the power of Bitcoin. To those who thought Bitcoin will not make it to 100 Thousand Dollars, this is your time to think twice next time somebody says different. Bitcoin made it well, it only makes history again.
And yet there are still people who think it's some sort of scam (!)
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Correction is going to happen, but I do think it will be true after >$100k, because now we only see a glimpse of what it would do - some dips here and there.
The correction is when the market feels the drop in price - I would say >10%.
There is no need to wait for the price of $100k for the correction process because now we also see how bitcoin gets a correction in the market. Bitcoin's journey will never be free from corrections or recoveries because it is a market reaction that will continue to occur. For the question of how many percent the decline will occur, I dare not say at 10% to 15% because bitcoin is quite speculative and may not go according to our predictions. Bitcoin hit $100k much faster than I expected and this is really amazing than we all expected. The correction is when the market feels the drop in price - I would say >10%.
I return on this day to say FUCK YOU to the haters, including the OP.
That is all.
See y'all at $1 million.
That is all.
See y'all at $1 million.
So much for the OP's theory... we are now above $101k
And over 103k.
Bitcoin is the GOAT! This post didn't take long to age very badly haahhahh. Congrats to all the people who believed that it would hit 100k+ , we made it everyone!!! This is a day for the history books of crypto and the world, I can't imagine how Bitcoin can't climb even much higher than that in the next 4 years! We are in for quite a ride indeed XD
It is really funny AND sad to see so many theories on how Bitcoin will not succeed, only to be disproved by time and the power of Bitcoin. To those who thought Bitcoin will not make it to 100 Thousand Dollars, this is your time to think twice next time somebody says different. Bitcoin made it well, it only makes history again.
So much for the OP's theory... we are now above $101k
And over 103k.
Right when the price of Bitcoin reached $100,000, there are many threads being created about "Bitcoin reaching $100,000".
I mean in just a few minutes after it went up, I think I saw 5 users created a thread already about the significant event. As for you OP, you still have time to lock this thread or delete because like you, I also made a wrong decision. Just a few hours ago, I said that it will not reach this year, but it reached already.
I'm bullish about the market, but I didn't expect that Bitcoin will reach $100,000 this year. Well, I admit that I'm wrong with my prediction, but at least I admit it. Most analysts out there can't even admit their wrong predictions. Nevertheless, the 5th of December is a significant date for all of us Bitcoin holders because at last, we saw Bitcoin reaching $100,000 for the first time in history. I don't care about what OP said already. I'm just happy that we have reached the $100,000 mark already.
Now that it already happened, what's next? What's next for Bitcoin.
I mean in just a few minutes after it went up, I think I saw 5 users created a thread already about the significant event. As for you OP, you still have time to lock this thread or delete because like you, I also made a wrong decision. Just a few hours ago, I said that it will not reach this year, but it reached already.
I'm bullish about the market, but I didn't expect that Bitcoin will reach $100,000 this year. Well, I admit that I'm wrong with my prediction, but at least I admit it. Most analysts out there can't even admit their wrong predictions. Nevertheless, the 5th of December is a significant date for all of us Bitcoin holders because at last, we saw Bitcoin reaching $100,000 for the first time in history. I don't care about what OP said already. I'm just happy that we have reached the $100,000 mark already.
Now that it already happened, what's next? What's next for Bitcoin.
I suspect Btc jumped because Trump is rehiring military people who were kicked out because of Covid, with backpay, and a government apology.
Bitcoin Is almost $102,000.
EDIT: Oops. It's already over $103,000. End of year might see $150,000 at this rate. If only McAfee had waited a little.
Right when the price of Bitcoin reached $100,000, there are many threads being created about "Bitcoin reaching $100,000".
I mean in just a few minutes after it went up, I think I saw 5 users created a thread already about the significant event. As for you OP, you still have time to lock this thread or delete because like you, I also made a wrong decision. Just a few hours ago, I said that it will not reach this year, but it reached already.
I'm bullish about the market, but I didn't expect that Bitcoin will reach $100,000 this year. Well, I admit that I'm wrong with my prediction, but at least I admit it. Most analysts out there can't even admit their wrong predictions. Nevertheless, the 5th of December is a significant date for all of us Bitcoin holders because at last, we saw Bitcoin reaching $100,000 for the first time in history. I don't care about what OP said already. I'm just happy that we have reached the $100,000 mark already.
Now that it already happened, what's next? What's next for Bitcoin.
I respect you for being able to admit that you were wrong and acknowledging your mistakes I mean in just a few minutes after it went up, I think I saw 5 users created a thread already about the significant event. As for you OP, you still have time to lock this thread or delete because like you, I also made a wrong decision. Just a few hours ago, I said that it will not reach this year, but it reached already.
I'm bullish about the market, but I didn't expect that Bitcoin will reach $100,000 this year. Well, I admit that I'm wrong with my prediction, but at least I admit it. Most analysts out there can't even admit their wrong predictions. Nevertheless, the 5th of December is a significant date for all of us Bitcoin holders because at last, we saw Bitcoin reaching $100,000 for the first time in history. I don't care about what OP said already. I'm just happy that we have reached the $100,000 mark already.
Now that it already happened, what's next? What's next for Bitcoin.
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Right when the price of Bitcoin reached $100,000, there are many threads being created about "Bitcoin reaching $100,000".
I mean in just a few minutes after it went up, I think I saw 5 users created a thread already about the significant event. As for you OP, you still have time to lock this thread or delete because like you, I also made a wrong decision. Just a few hours ago, I said that it will not reach this year, but it reached already.
I'm bullish about the market, but I didn't expect that Bitcoin will reach $100,000 this year. Well, I admit that I'm wrong with my prediction, but at least I admit it. Most analysts out there can't even admit their wrong predictions. Nevertheless, the 5th of December is a significant date for all of us Bitcoin holders because at last, we saw Bitcoin reaching $100,000 for the first time in history. I don't care about what OP said already. I'm just happy that we have reached the $100,000 mark already.
Now that it already happened, what's next? What's next for Bitcoin.
I mean in just a few minutes after it went up, I think I saw 5 users created a thread already about the significant event. As for you OP, you still have time to lock this thread or delete because like you, I also made a wrong decision. Just a few hours ago, I said that it will not reach this year, but it reached already.
I'm bullish about the market, but I didn't expect that Bitcoin will reach $100,000 this year. Well, I admit that I'm wrong with my prediction, but at least I admit it. Most analysts out there can't even admit their wrong predictions. Nevertheless, the 5th of December is a significant date for all of us Bitcoin holders because at last, we saw Bitcoin reaching $100,000 for the first time in history. I don't care about what OP said already. I'm just happy that we have reached the $100,000 mark already.
Now that it already happened, what's next? What's next for Bitcoin.
reason is now invalid as bitcoin have already reach $100k... so this thread is no longer relevant,, next topic, would be reasons why bitcoin will not reach $200k? Enjoy the moment guys, we made a histor, $100k it is. 
Enjoy the moment guys, we made a histor, $100k it is. 
So much for the OP's theory... we are now above $101k
at the end of the post i said "However, the strong interest and anticipation around the $100,000 price point can contribute to upward momentum, ultimately driving Bitcoin's price toward that level." i didn't say the reason why bitcoin cant exceed 100k forever,
because of the range of mining costs around the planet range from $60k-$330k/btc right now. there are people with huge mining costs that see the price right now as a huge discount to their own local mining costs
for instance many pacific island nations(most expensive mining costs) would happily buy bitcoin upto $300k should the price move that much
however right now there is a resistance wall causing a speculative psychological wall that people think the price wont break $100k right now so they dont want to buy at todays premium even if they know its still discounted in regards to the general planets premium of $330k
as soon as this psychological wall cancels(its never intended to be hit/filled/eaten) then you will see the natural flow of buyers more open to buy
but its due to this psychological whale wall that the price is held below $100k
as you can see it only takes 200btc for the price to go from ~$99k down to $96k .. and only 200btc to get upto to $99,499k but then requires 100btc to get to $99.5k.. and then not much 300btc to get to $99,999 but then 500btc to get to $100,001
as soon as the 500btc wall at the $100k cancels is psychological presence.. then the natural demand can buy above $100k
If you have watched the trading on Binance Exchange today, you must have realized that Bitcoin touched $99000 today as well. That means any time Bitcoin crosses the desired level of $100000. However, if the price correction of Bitcoin starts now, then the support level will go below $70,000. With the appointment of Donald Trump's newly appointed SEC Chairman Paul Atkins, Bitcoin is expected to break through your desired levels very quickly.
You need plenty of time for consolidation which is healthy for the market in the long run to sustain price levels above 100K.
Some long-time holders are also taking profit which they deserve to do. Pushing past 100K too soon is not sustainable for long and would cause a huge crash. That is not good.
Some long-time holders are also taking profit which they deserve to do. Pushing past 100K too soon is not sustainable for long and would cause a huge crash. That is not good.
If you have watched the trading on Binance Exchange today, you must have realized that Bitcoin touched $99000 today as well. That means any time Bitcoin crosses the desired level of $100000. However, if the price correction of Bitcoin starts now, then the support level will go below $70,000. With the appointment of Donald Trump's newly appointed SEC Chairman Paul Atkins, Bitcoin is expected to break through your desired levels very quickly.
When trading cryptocurrency futures, traders can set automatic buy and sell prices. In the early stages, many Bitcoin futures were programmed to sell automatically at $100,000.
Don't highlight only futures but even in the spot market, too many sell orders have been set at $100k. But even so, there are still a lot of folks waiting for it to go through that price.This created significant buying pressure as the market approached this price. The demand for Bitcoin increased, requiring more fiat currency to execute these automatic sell orders. If the funds available in the market were insufficient to meet this demand, it could lead to a price correction. However, the strong interest and anticipation around the $100,000 price point can contribute to upward momentum, ultimately driving Bitcoin's price toward that level.
You're right, that's supply and demand. But it's only a matter of time until we see it breaks that $100k and goes through at that level. We don't know how long we'll have to wait but I think there's already enough fuel for it to pass that.Jump to: