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Topic: The direct reason why Bitcoin cannot exceed $100,000 - page 3. (Read 800 times)

copper member
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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. 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.
Sorry if I am mistaken but I don't understand anything you said, the title of subject of your thread seems completely different from what the message is saying..

As far as I know and understand, there is no price limit for bitcoin, it is not written in it's code that the final price of bitcoin will be at $100,000 or less, bitcoin does have the potential to up run above $100,000 and even aim for $500,000 and then $1 million dollars..
The $100,000 mark seems a bit difficult because majority of investors have set this price as a possible exit point for them, and this creates huge sell pressure whenever the price of bitcoin tries to break through the $100,000 target forcing the price to fall back..

But nevertheless, in a couple of weeks from now, the price of bitcoin is going to breakthrough this which seems like a huddle, and from then, we are going to be seeing more ups than downs candles, once the price of bitcoin is above $100,000.
Thank you for your feedback! I appreciate your perspective. My post aimed to discuss the potential selling pressure at the $100,000 mark due to programmed sell orders in futures trading, which can lead to price corrections.

I agree that there is no inherent limit to Bitcoin’s price; it's certainly possible for it to exceed $100,000, especially with strong market interest. You make a good point about the selling pressure from investors who view that level as an exit point.

Ultimately, market dynamics are complex, and your optimism about Bitcoin breaking through that level is shared by many. I'm looking forward to seeing how things unfold in the coming weeks! What are your thoughts on the factors that could push Bitcoin past this resistance?
hero member
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Leading Crypto Sports Betting & Casino Platform
I still haven’t seen a very solid reason or sign for bitcoin not to cross $100,000 and way above that in the coming weeks or months. It’s just a matter of time before that will happen. The bullish momentum is not yet over and for bitcoin to be trading above $90K for the past one week is really a big sign that the bullish momentum is far from being over and we might see a move of about 50% of the current price now that we are currently in. The bullish sign is enough for those that placed their sell orders on $100K to adjust it because if they don’t, they will be losing a lot of pictured profit they will have imagine to get if they adjusted it now.
full member
Activity: 784
Merit: 115
No need to rush to see Bitcoin hit $100,000 because we can just wait for the increase back of Bitcoin price. Many people believe the price will hit $100,000 whether that will happen this month or next month. I don't know exactly what is the reason Bitcoin price can not exceed $100,000 and almost reach that price but I can wait longer and that will not be a problem for me. I agree that the demand for Bitcoin increased so that can push the price increases back. But we must be patient for a while as the price still get correction this week but Bitcoin have more chances just to break $100,000 soon.
hero member
Activity: 2758
Merit: 675
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It just means it needs more time though? Since if as you've said, the players in the market are setting their price ranges to below 100k ish, it would simply need said players to actually move the price and adjust accordingly to, well, the current price.

And as you've pointed out already, there's a strong interest in the market already for 100k. While I believe it's still for next year,  the "matter of time" I was talking about earlier should just fit perfectly at that time. Would've probably taken slower without the election FOMO, but would've still been reached nonetheless imo.
legendary
Activity: 2492
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Leading Crypto Sports Betting & Casino Platform
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. 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.
Sorry if I am mistaken but I don't understand anything you said, the title of subject of your thread seems completely different from what the message is saying..

As far as I know and understand, there is no price limit for bitcoin, it is not written in it's code that the final price of bitcoin will be at $100,000 or less, bitcoin does have the potential to up run above $100,000 and even aim for $500,000 and then $1 million dollars..
The $100,000 mark seems a bit difficult because majority of investors have set this price as a possible exit point for them, and this creates huge sell pressure whenever the price of bitcoin tries to break through the $100,000 target forcing the price to fall back..

But nevertheless, in a couple of weeks from now, the price of bitcoin is going to breakthrough this which seems like a huddle, and from then, we are going to be seeing more ups than downs candles, once the price of bitcoin is above $100,000.
hero member
Activity: 1540
Merit: 812
Leading Crypto Sports Betting & Casino Platform
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. 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.
The price is almost approaching the $100,000 position and the correction has not touched $90,000 for the past few days and this is a fairly strong bullish sign before continuing to the $100,000 position. If you look at the current conditions, it is still quite close and it may take a few moments before Bitcoin reaches its highest price again. Although the demand is already strong because we are in a bullish condition and are testing the resistance point so it will play a little bit of people's psychology. Even if we see a correction, I believe it will not touch $90,000 or below for the next few weeks as the price is still trending up and sideways at its current position.
hero member
Activity: 3052
Merit: 606
Given that the price is near to one hundred thousand dollars, perhaps those traders should now adjust their prices upwards to two hundred and fifty thousand dollars?

We've been hoping Bitcoin would break that amount, but it hasn't yet. Perhaps the resistance is too strong to be broken. As we keep trying and failing, I'm concerned that the next move could be a prolonged market correction. It's been 2 to 3 weeks already that Bitcoin has been very close to that price, yet it still hasn't succeeded.
hero member
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Isn't it too early to just assume that Bitcoin won't exceed 100k ? I mean there is still enough time and also Microsoft is planning to start buying Bitcoin too, it is not over until it is over, I mean Trump isn't even in the office yet, you think things will be as boring as it is right now by 2025? You are joking.

I can also see many sell orders at 100k for Bitcoin, but this is not a problem to be honest, all those sell orders will be bought up in no time, what you lack is what is presently happening around Bitcoin, this is unlike the 2021 days, things have shifted massively now.

It is why I believe that Bitcoin won't be as volatile as it used to be anymore starting from now on, many countries will join soon, do not underestimate Bitcoin just because of massive sell off at 100k.
legendary
Activity: 3080
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Leading Crypto Sports Betting & Casino Platform
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. 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 could have used same argument on every even number out there. And while it's true that some even numbers have resistance, that's normal psychological resistance and nothing new. They are constantly being broken and afterwards these resistances turn to support lines, because of same reasons.

But you are correct, that automatic sells are a factor, they however aren't as big of a factor you might think. Masses are less predictable then anyone thinks and so is fomo.
legendary
Activity: 4424
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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. 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.

not quite accurate
what you do find is that whales do have futures contracts, but they dont want the cex market price to reach $100k as it would hurt the whales contracts.. so they use a separate stash of coin to create a resistance wall on the open cex markets to prevent the natural price rise from pushing above $100k, until the whales futures contracts complete
when their futures contracts complete and they take their profit, then the whales remove the resistance wall on the cex market to allow natural price growth uninhibited
?
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I've seen how automatic sell orders can really move the market, especially when there's a big target like $100,000. It’s kind of like a chain reaction—the more people see that target, the more they pile in, which drives the price up. But at the same time, if the market can't handle all the demand for those orders, it can cause a correction. It’s interesting how something like that can fuel momentum, but also create that tipping point where the price could fall back down.






?
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If you don't want to look like a troll, and look ridiculous when the price exceeds $100K, you should change the title to something like: “The reason why the price so far has not been able to exceed $100K”.

What you say is nothing new. It also happened when the price approached $1K and $10K, it usually happens in round figures like that.
we all know bitcoin will goes up to 1 million usd one day, i think the author want to explain in this period before 2025 why the price stugling in 99k
legendary
Activity: 1512
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It's just psychological. The resistance of the buyers who want to buy it below $100k is probably stronger than the seller's resistance to sell it above $100k.

It's all fun and games until there is no seller selling at below $100k and people want to buy billions of dollars worth of bitcoin.
hero member
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Leading Crypto Sports Betting & Casino Platform
Bitcoin price was $99, 600+ the week before this one which was almost taking the price to $100k as speculated by many people but demand drop and made price to create resistance at that level but there's no valid reason yet why Bitcoin will not surge past $100k. The trend is increasing gradually towards the highest resistance and it can breakthrough sooner or later.
full member
Activity: 350
Merit: 128
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. 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.

I don't know what earlier stage you're referring to had seen bitcoin price at the base of $100,000 while we've an Ath of 99,655.50 on November.
I'll agree with you that during when the market skyrocketed, it created admirations of enthusiasts and investors to buy more of bitcoins and hold with they anxieties that the increase market price would keep on rocking.
I myself can't tell the reason why the market hasn't broken the record of $100,000 but would only assume that it was for a market correction though definitely we'd soon get the market up to the moon at the event of the bull run soonest.
Then it'd become another phase to attract more investors since some enthusiasts awaits for bitcoin taking increment shape before they could buy.
legendary
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 Anyways I think the 100k we are anticipating could just happen if another big firm buys a huge chunk of bitcoin again.

MicroStrategy is still raising capital to buy bitcoin every month, ETFs are still buying every day, and even in the past week there has been positive inflows from ETFs. If there are sell orders, they are mostly from retail investors so I am quite surprised that bitcoin price has not reached $100k, so far.
I still believe that the movement of the crypto market is more manipulated than driven by supply and demand in the market. So I think the more the market expects and believes that bitcoin will hit $100k soon, the less likely it is that it will happen as soon as we expect. This will happen when not many people are talking about it anymore or most retail investors lose patience and sell below $100k.
hero member
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Price movement is accompanied by liquidity.  This recent pump took us to literally $99k+ however on a general basis we still didn't seem to break the $100k price mark.  If you recall this bullish trend kick started the Trump won the US presidential election. However after then other firms and traders were actually those holding up and increasing the momentum.

I think it's quite ok to say that this recent pump was also part of market manipulation by these big firms. As at $86k we experienced a pause that caused many people to sell off thinking retracement was next. Anyways I think the 100k we are anticipating could just happen if another big firm buys a huge chunk of bitcoin again.
hero member
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The market demand is already strong since we’re in bullish mode, so eventually, that wall will be broken. What’s promising is that, despite the corrections in the past few days, Bitcoin hasn’t fallen below $90k. That’s a solid sign of a bullish trend, and it looks like breaking $100k is just around the corner, hopefully before the year ends.

At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
We always see bitcoin reach high prices during the closing stages of the year and now that we are on the month of december, the expectations are higher than ever and it is actually looking pretty good like you said. It is not all hopium because I really think we can see more than $100k before the year ends and even higher in january. If it corrects though first thing I am doing is buying more.

That’s the trend, we can’t deny it, it’s written in history. So, it’s expected that the bull run will continue. It wouldn’t really be a continuation if we’re just stuck at the current price, right? Let’s look at history for a clearer basis. Q4 has historically been the most positive period of btc price action.
sr. member
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The market demand is already strong since we’re in bullish mode, so eventually, that wall will be broken. What’s promising is that, despite the corrections in the past few days, Bitcoin hasn’t fallen below $90k. That’s a solid sign of a bullish trend, and it looks like breaking $100k is just around the corner, hopefully before the year ends.

At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
We always see bitcoin reach high prices during the closing stages of the year and now that we are on the month of december, the expectations are higher than ever and it is actually looking pretty good like you said. It is not all hopium because I really think we can see more than $100k before the year ends and even higher in january. If it corrects though first thing I am doing is buying more.
hero member
Activity: 3010
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The market demand is already strong since we’re in bullish mode, so eventually, that wall will be broken. What’s promising is that, despite the corrections in the past few days, Bitcoin hasn’t fallen below $90k. That’s a solid sign of a bullish trend, and it looks like breaking $100k is just around the corner, hopefully before the year ends.

At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
Current market demand is very strong showing clear upward trend. It is likely that current price barrier will be broken soon. Good sign is that even though Bitcoin price has gone down bit recently it's still staying above $90000. This stability shows that upward trend is likely to continue and it seems probable that Bitcoin will reach $100000 soon possibly before end of year. And you are right at this point people are no longer wondering why this is happening but other when Bitcoin will reach this new record. It is just matter of time before Bitcoin reaches this new high point.

The reasons OP mentioned might not matter much soon, because if you look at the trend, it feels like the market’s about to explode once Bitcoin hits $100k. Honestly, I thought we’d already see it trading above $100k by the end of November. But man, with all of December ahead and the market still riding a bullish wave, breaking that $100k barrier shouldn’t be an issue, unless we somehow end up in a long bear market, which doesn’t really add up with all the positive news floating around right now.
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