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.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.
What you say is nothing new. It also happened when the price approached $1K and $10K, it usually happens in round figures like that.
I highly agree, the title should be changed to a more open ended one. This title simply puts a period in which Bitcoin won't reach 100k in its existence. One day this title will be laughed at how near sighted the author is.
It is obvious that traders and even holders have target sell price but in the Bitcoin market, these sell pressures don't hold back the price of Bitcoin for too long since more and more demand keeps filing in, especially when it is a bull time for the market.
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.
What you say is nothing new. It also happened when the price approached $1K and $10K, it usually happens in round figures like that.
I highly agree, the title should be changed to a more open ended one. This title simply puts a period in which Bitcoin won't reach 100k in its existence. One day this title will be laughed at how near sighted the author is.
It is obvious that traders and even holders have target sell price but in the Bitcoin market, these sell pressures don't hold back the price of Bitcoin for too long since more and more demand keeps filing in, especially when it is a bull time for the market.
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.
Bitcoin price has not yet fallen below $90k which means that the major correction of Bitcoin has not started yet. At any moment the price of Bitcoin is $100k again. can hit And I believe that will happen. The price of Bitcoin is a bit looser and because of this other coins will start to rise and some coins have already started to rise. And then bitcoin price will hit 100k again and then go into big correction. So I am still not afraid for Bitcoin price 
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.
While many Bitcoin traders are now expecting the $100K mark, recent market condition shows very strong resistance just near that level. Bitcoin futures on CME hit $100,200, but spot prices have struggled to follow because the consistent selling pressure just below $100K. It's not just a lack of fiat liquidity, it's market psychology and profit taking strategies. Many traders close their positions near to key psychological milestones, which may initiate short term corrections. Still, the overall sentiment remains bullish, as the options data has quite strongly pointed to a probable event of Bitcoin crossing $100,000K in the year 2024. Thus, while $100K could fuel momentum, it might take longer for the price to actually reach and sustain that level than some had initially expected.
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.
For many long-term traders, 100k was the target at which they would exit, especially for players with large capital, because at this price their profit is quite high. Some did not want to wait for 100k because they understood that approaching this price would lead to high volatility.
For smaller investors, 100k may not be an enough target because of not very large investments and they will wait for further growth in the price of bitcoin. And what we are seeing now when altcoins start to grow means that there may be a transfer of capital from bitcoin to altcoins, this is also another way to make a profit from capital.
There was a thread where I said something regarding what the price will do nearing 100k, two things either it goes straight and smash
100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
The barrier will be broken eventually, - we are now in a position to patiently wait to see the rally for BTC in its full swing, and only then we may talk about the price being corrected. That's how I see it, at least.
There was a thread where I said something regarding what the price will do nearing 100k, two things either it goes straight and smash
100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
That is what happened and when there are more and more orders at 100k it will create pressure for a little sideways movement and that is a possible natural market reaction. Now bitcoin will take a stance in consolidating towards that price or otherwise will experience a process of decline at some point. For me the most important thing is to stay calm even though later we will see a correction because in a stance bitcoin will definitely touch that price again. If it doesn't happen at the end of the year then maybe we will see momentum in the month of 5 next year for the process to be passed.100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
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%.
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 think that the Bitcoin futures create selling pressure, not buying pressure. The selling pressure on the Bitcoin spot market is also quite big. Many traders simply don't want to wait for a price above 100K, so they will just sell and take the profits at a price that is lower than 100K.
I don't know about BTC futures at "the early stages" being set at a 100K sell price. Where did you get this information? Can you post a link to the source of info or something? I don't believe that the BTC futures market has that big influence over the BTC spot market. It's supposed to be the other way around.
I think it's more a psycho barrier than anything else.
People like flashy numbers in thousands and hundreds of them - reaching it, it would be dipped or even corrected, and that's okay.
As time goes on, we would go even beyond that. No matter the market we look at.
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.
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.
It's unfortunate people will choose attention catching topic and end up with some gibberish under the post.I expected to see reasons and more reasons despite I know the uncertainty of the claim, I still expect rational and genuine arguments. How don't really know how on earth someone will make conclusion from future markets price from exchanges. If we are to go by that logic, what about the Pre-market? Can we determine and conclude based on the Pre-market price? How many times have we seen a different price either higher or lower than Pre-market price? The same thing is applicable to future markets, it's not a determinant. The rally to $100k is much more possible either before the end of this year or early next year.
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 think that the Bitcoin futures create selling pressure, not buying pressure. The selling pressure on the Bitcoin spot market is also quite big. Many traders simply don't want to wait for a price above 100K, so they will just sell and take the profits at a price that is lower than 100K.
I don't know about BTC futures at "the early stages" being set at a 100K sell price. Where did you get this information? Can you post a link to the source of info or something? I don't believe that the BTC futures market has that big influence over the BTC spot market. It's supposed to be the other way around.
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 have a good point, the way traders/investors think creates the psychology around the market and helps the sentiment we often see, it is never a trick. So I know that people were sceptical of $100,000 and I received enough calls from traders that they are selling close to $100,000 even as they are receiving info from many other traders (online and offline) that they are selling close to that level as well.No wonder Bitcoin could not hit the $100,000 market despite being very close to it, it was just $197 short of the target on my chart, so the selling pressure caused by Sell Limit orders and the subsequent real-time ones are indeed impactful. Nevertheless, Bitcoin has taken a breath, it may consolidate for a while to stabilise close to that level before gaining the needed momentum to hit it and slice it through.
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There was a thread where I said something regarding what the price will do nearing 100k, two things either it goes straight and smash
100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
That is what happened and when there are more and more orders at 100k it will create pressure for a little sideways movement and that is a possible natural market reaction. Now bitcoin will take a stance in consolidating towards that price or otherwise will experience a process of decline at some point. For me the most important thing is to stay calm even though later we will see a correction because in a stance bitcoin will definitely touch that price again. If it doesn't happen at the end of the year then maybe we will see momentum in the month of 5 next year for the process to be passed. 100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
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.
I don't think anyone could have ever believed that Bitcoin would not be at the $100k level by now. Even if it doesn't stay there for long, at least the price should have been reached before it drops down to wherever it is. I don't know why the resistance level is this strong, but anything holding it back, I don't think it will stand for long. Before the end of this new month (December), that $100k will be reached. It will really be a bit disappointing that Bitcoin can't cross to $100k this year after reaching $99k, but I hope that doesn't happen; even if it does happen, the next move will come as a shock to us.
Just because we believe bitcoin will hit $100k doesn't mean it will definitely happen because we can't stop others from selling. The gap between $100k and $99k or $96k isn't that big so I wouldn't be surprised if a lot of people start taking profits. So I don't rule out the possibility that bitcoin won't hit $100k before the end of the year.
Even if bitcoin doesn't hit $100k this year, we don't need to despair. Because historically, the biggest bull run happened in 2025 and what we should be more concerned about is what ATH Bitcoin price can reach when this bull run ends. For me, the $100k goal is no longer a goal because we are almost there.
There was a thread where I said something regarding what the price will do nearing 100k, two things either it goes straight and smash
100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
100k or consolidate around 96k , and this is what is happening right now and I'm not surprised about it, there are so many sell orders at 100k, now the Market used to do this when there is such sell pressure, create liquidity in order to absorb those sell pressure.
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.
What OP said doesn't make sense because the early days of futures was in 2018 when the price barely made it to $20k. I don't think that these people were setting auto sell orders at $100k when the price was 20k and heading lower.
100k is a simple round number resistance similar to what $1k used to be in the past. That said, the market is heavily manipulated and influenced by extraordinary factors. For instance, we eventually blew past $1k in 2013 but it wasn't natural. It was due to MtGox bot trying to make money for the CEO, so one could say we hit $1k and went higher therefore we should have done the same a few weeks ago.
We always knew $100k would be a resistance, even in 2021 when we were at 70k we knew that 100k is max what we can achieve in that run.
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.
It's just a matter of time, bitcoin will ultimately surge in price and cross the benchmark of $100k. Even though most traders set buying and selling Oder withing $90k to $100k, it will not stagnate bitcoin volatility below $100k price. Bitcoin will surely surge higher because many people are adopting bitcoin to HODl and not to trade. However HODLer add more increase to the market than traders, hence traders only make demand and supply to keep staggering unlike HODLers who create scarcity and drive demand higher than supply. So definitely hodler will increase bitcoin to supersede or exceed $100k. 
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.
I don't think anyone could have ever believed that Bitcoin would not be at the $100k level by now. Even if it doesn't stay there for long, at least the price should have been reached before it drops down to wherever it is. I don't know why the resistance level is this strong, but anything holding it back, I don't think it will stand for long. Before the end of this new month (December), that $100k will be reached. It will really be a bit disappointing that Bitcoin can't cross to $100k this year after reaching $99k, but I hope that doesn't happen; even if it does happen, the next move will come as a shock to us.
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.
What do you mean by early stages? Futures trading contracts come with an expiry date. Legally no one can buy a futures contract with no expiry date on it. Or do you know any exchanges where it is possible? Would you like to share?
I don't think the futures market is the reason why Bitcoin is not exceeding 100k. The reason is mainly profit booking. Right now, a lot of miners and investors are booking profits which was long due for them. So there is definitely a selling pressure being experienced by the market. It will go on for some time is what I can assume. But the price correction after an ATH, is very normal and part of the process.
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.
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?
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.
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.
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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.
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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.
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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.
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. 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.
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.
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.
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.
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
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.
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 What you say is nothing new. It also happened when the price approached $1K and $10K, it usually happens in round figures like that.
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.
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.
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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.
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.
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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.
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.
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.
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.At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
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.
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. At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
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.At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
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.
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.
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.
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.
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.
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.
Once the bubble pops, it ain't gonna stop
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. 
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
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. 
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.
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.
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. At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
$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.
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.
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.
What you say is nothing new. It also happened when the price approached $1K and $10K, it usually happens in round figures like that.
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.
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.
Once the bubble pops, it ain't gonna stop
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.
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?
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!
At this point, it’s not about "why" anymore but "when." It’s just a matter of time!
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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