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Topic: The direct reason why Bitcoin cannot exceed $100,000 - page 4. (Read 800 times)

hero member
Activity: 910
Merit: 680
If you want to say Bitcoin price will not exceed $100K in this year, there's a possibility since based on the pattern, this month we will see a small drop.

But, if you said Bitcoin price will never exceed $100K, it's impossible in the first place except Kim Jong Un or Putin choose to launch nuclear bomb which will destroy everything in this world.
hero member
Activity: 2912
Merit: 556
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If you use futures trading and have a buy price at $80k, you can wait to sell at $100,000 and your trade will be liquidated by making a bit profit. But if you want to use automatic buy and sell prices, you should use spot trading so you will not miss the chance to sell at $100k. I don't know what is the direct reason why Bitcoin cannot exceed $100,000 but that will just a matter of time so you don't have to worry and still wait for that. This moment will be a correction for Bitcoin price after reach a high price so the price will increase and who knows that will be the time for Bitcoin to break $100,000.
hero member
Activity: 2366
Merit: 838
If you afraid its because maybe you see so many negative stories about it then its fine do your thing and watch bitcoin to cross unto that figures. Maybe for this year we cannot see that thing to happen but next year there's huge chance that bitcoin huge pump will kick off.
Bitcoin becomes stronger and stronger, there are less negative stories about it like Bitcoin is death.

Bitcoin obituaries (deaths) have less news about Bitcoin deaths with time, it shows that there are less negative news like deaths.

Compares to altcoins, we can see how strong Bitcoin is.
There are currently 1774 dead coins? Even more than 1774 dead coins, and if people have bitcoins, they need to hold their coins very tightly and don't convert their bitcoins to altcoins.
hero member
Activity: 2520
Merit: 783
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.

That is just pure assumptions and this is also what people say before when they didn't expect bitcoin to reach for more great figures just like we have seen now. Also we are close to $100,000 to be reached so for sure that those assumptions you made doesn't really have any sense at all.

If you afraid its because maybe you see so many negative stories about it then its fine do your thing and watch bitcoin to cross unto that figures. Maybe for this year we cannot see that thing to happen but next year there's huge chance that bitcoin huge pump will kick off.
hero member
Activity: 784
Merit: 672
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Once the bubble pops, it ain't gonna stop  Roll Eyes
Yes, that's a fact and most of us know that. Bitcoin is going to cross that value no matter what others say, but of course it might take sometime if market gets some kind o FUD. But, as of now things are going well, and there's huge FOMO, so let's see how things go in next few days. I believe we might see Bitcoin over $100k this month but who knows what future holds for us.
hero member
Activity: 574
Merit: 554
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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.
Traders are not the only people that are investing in Bitcoin. Institutional investors and even countries are buying more Bitcoin. If the demand for Bitcoin increases the price will break the $100k mark.     

Once the bubble pops, it ain't gonna stop  Roll Eyes
Exactly. A single positive economic news or policy from any of the biggest economies in the will drive the price high regardless of the position of these traders.   
legendary
Activity: 3472
Merit: 10611
That's pretty much the same thing we have with any other resistance level! We just experienced it with $70k and now we are experiencing it at $100k. That's a natural market behavior and it does NOT mean price "cannot" go beyond that level.
At the end of the day, the price is going to be determined based on the demand. If there is enough buy orders and momentum, it doesn't matter how much the short term traders try to sell, the price WILL go up. And if there isn't, then we will continue seeing sideway market until there is.
hero member
Activity: 938
Merit: 765
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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.
legendary
Activity: 2716
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$100k is a psychological level. Many traders have their sell orders there and it isn't something new. That's what happens at every psychological level as expectations are high of market reverting there. It's the same way we're going to see such movement by the time market gets to $150k, $200k which I expect Bitcoin to get to this circle. So, don't bother head your head over it. Those traders who've their sell orders at $100k are surely going to be liquidated. Price is going to be manipulated at that level and we will see Bitcoin closing above it before retracing.

Already, we've seen it do that at $99,600. That manipulation was there for those waiting for it to close at $100k exactly. Price lingered at $99k+ and when it started dropping some of them panicked and sold off and that further took price down to $91k. For me, I don't expect price to drag at $100k again. It had done so before. I expect an easy upward movement above that level when we get there.
legendary
Activity: 1372
Merit: 2017
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.
hero member
Activity: 3108
Merit: 537
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that's most likely the reason but eventually those sell orders at $100,000 gonna be gone if BTC keep retouching the supply around that level.

as of now BTC just keep trying to test resistance again and again, same scenario appened when BTC was about to hit prev ATH, i don't think it's a new thing.

there's always seller at psychological level more specifically $100k but eventually if buying pressure is strong enough this means nothing at the end since price just gonna break through, BTC just need to wait for some narrative and it's ready to take off.
legendary
Activity: 2062
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Fill Your Barrel with Bitcoins!
Once the bubble pops, it ain't gonna stop  Roll Eyes
hero member
Activity: 1442
Merit: 775
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.
If they used leverages, they would have been liquidated in Long Squeezes a long time ago. Don't worry about them, if their positions have ever existed at $100,000. These people will cry when Bitcoin breaks $100,000 because if they hold their bitcoin, they would have been able to take profit at $100,000 or higher prices but now they have empty hands, empty portfolios.

Now, Bitcoin has struggled to break $100,000, but imagine it is like how it failed to break $1,000, $10,000, $20,000, $60,000 and $90,000. Soon $100,000 will become a new support for Bitcoin as you have to know resistance can flip to become support and vice versa, at different times and periods of the market.
legendary
Activity: 3696
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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?
hero member
Activity: 3010
Merit: 666
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!
copper member
Activity: 59
Merit: 2
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.
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