Bitcoin Forum

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

No - $100k won't be reached immediately after the halving. Supposedly we need to be patient for a few months to expect an ATH - but if the bitcoin market is not affected by something major then it may take us months to find an ATH.

The halving alone will never be enough to hit $100k - but there will be big news that results in a masive increase in demand such as adoption and the rise of institutional investors using bitcoin as a hedge. I hope it - but I think we all need to be patient.

I think we will have strong demand around halving so there won't be any unique issues that will delay all time high again. But I also believe there will be selling pressure when we hit above last halving ath. Even if we go beyond that there will be psychological pressure around 100k levels that will cause massive volatility. I always think best is to follow Pi top indicator as it clearly showed evidence where/when we hit all time high in last all time high.

Each investor's profit target will be different, so in my opinion there will always be those who sell at every resistance and take profit. $100K is not completely guaranteed although it may be reached after the halving, so selling pressure between the previous ATH to $100K I think will be high.

I don't think it's a problem that could prevent $100K if bitcoin demand is higher than sales. Let the weak hands sell and take their profits and be patient until you make 2x or 3x more than them.

I don't think it will.
First of all, bitcoin's price isn't directly related to halving. You could see some examples of it over the year. Halving is one of the factors that influence price growth and may lead to FOMO, but it doesn't have to. After the 2020 halving we remained in the 10k zone for months. In July 2019 the price was around 12k and a whole year later it was actually lower, at 10k, despite it being months past halving.
There's no rule that says price has to go up right after halving and it hasn't happened in the previous cycle.

I think that the pressure will depend on the road bitcoin takes to 100k. If the road takes years, there won't be significant. If it happens in 2024, the way you speculate, the pressure will be big.
Obviously if we go to 80k in 2024, fall down, move back up and reach 100k in 2025, people will be more confident than if it suddenly spikes to 100k in less than 6 months.

Crypto analyst PlanB's popular S2F model predicts Bitcoin's price at $100,000 in 2024. However, with the 2024 Halving, i think we will not see Bitcoin's performance similar to previous halvings, as the bear market after the Halving event could hinder Bitcoin's upward momentum. Market sentiment and macroeconomic factors can influence the overall direction of the cryptocurrency market. Moreover, the rise of competitive and innovative cryptocurrencies could threaten Bitcoin's dominance.

As new digital assets emerge and become mainstream, they may cause some investments to shift away from Bitcoin. After the halving, rewards will be halved and cost calculation for miners will take center stage. This will increase the cost of mining operations and miners may not want to do their work. This could directly affect the transaction verification process and undermine the security of the network. In summary, I'm not too hopeful about the 2024 Halving and we may not see the price rocket like in the past.

In addition to the different profit-taking goals of each investor, when the market increases in price, we will have many new people entering the market, I believe that many people will still optimistically buy at high prices and expect higher prices. Like investors who bought bitcoin for $69k in 2021. There will always be a pool of investors who become liquid for other investors and that is how the market works.

Furthermore, the market not only has retail investors but we also have market makers and sharks...And this is a manipulated market, so how much bitcoin reaches its ATH is not entirely determined by buying and selling.

Yes it can happen. Now a days the crypto market is very unpredictable to be honest. So yes there is a possibility that this might really happen very soon. But to be safe, let’s assume that the ATH price will be seen when we reach 2024. As we know Bitcoins follow a 4 year cycle to reach ATH price, so yes waiting for 2024 will be the best option. In the meantime, buy as many Bitcoins as you can and hold it for long term.

It is not as easy as you have said to sell at lose. Anyone who buys for a purpose and bought with big capital will not just sell at lose. It is not easy to sell at lose especially if you know the potential of bitcoin to make another ATH after every halving.
When then price dropped from 69k to somewhere 65k to 50k, that was the region anyone was supposed to sell at lose. But then, they might have thought it was a mere correction and still held strong. If anyone bought at 60k and didn't sell at 50k, their loses would be massive.

What you said will play out. History is a nice something to behold if you understand it. There is going to be a massive sell pressure at 70k and this will definitely defeat the 100k target. No matter how high bitcoin is projected to be, I will start selling with DCA immediately there is a new ATH.

I found the bitcoin price actually touched $30k a few hours ago - but heavy selling pressure has thwarted a breakout above it. It's the same scenario at the next ATH level - in fact I truly believe selling pressure will greatly increase whenever bitcoin breaks its strongest resistance. The price of bitcoin fell from $30k to $27k very quickly - so this scenario seems to answer your question well.

But their losses will be recovered by accumulating more and being patient by holding bitcoin for long term. Do you remember how many people bought high in 2017 during the ATH - they obviously lost a lot of money, but if they were patient then the profits they made were certainly much bigger than they expected.

Even though many investors purchased bitcoin at a high price of $69k, those crypto investors who still have it in their portfolio and haven't sold it yet deserve praise for realizing that if they keep hodling their bitcoin for a while, they won't lose money no matter how long bitcoin declines.
People who have hodl bitcoin for a long time won't put forth much selling pressure on it. It will originate with people who will see their first bitcoin profits at a high price. It would be absurd for someone to hodl their bitcoin for such a long time at a price, only to sell it back at the same price with no gains.

Selling pressure when bitcoin breaks through the strongest resistance will certainly occur because the price needs a correction and the RSI Indicator indicates the market is over-bought or already in a saturated condition from its increase.
and down until it enters the Flip Trend area, with strong support that will determine whether it will continue to fall or be held to rise slowly.

The state of Bitcoin's decline is also due to the news about the acceptance of fake ETFs created by the cointelegraph, making the panic to sell bigger.

The pump dump a few hours ago was very fast, this may be market manipulation.
Because big media like Cointelegraph can be wrong in providing important news.
https://www.talkimg.com/images/2023/10/17/RhMHC.png

Such investors are the real investors.
Even though he bought Bitcoin at a high price he was able to survive, but it is likely that the investor did DCA when the price was below $20k and it will accumulate Bitcoin assets that they hold.
They are holding for the long term and it is not time to sell, we will see when the ATH above $100k is reached because that is the target that many people predict.

Yes, most likely, this scenario is very expected. Yesterday we saw how Bitcoin rose to 30K, but it immediately retreated due to intense selling pressure, so we will get the same scenario if Bitcoin rises to the previous peak.

But eventually those who have held Bitcoin all this time will sell, and as large new buyers enter the market and mining rewards halve, the quantity supplied will decrease, and then prices should start rising again.

Of course, this process takes some time, so I do not expect that we will witness a significant rise immediately after the halving, as some think, but it is certain that we will witness it in the end.

Back before bitcoin broke $20K in 2021, it actually halted its advance in the $20K area. I think many who bought at $20K, finally got out or those that were trading figured it would break $20K right away, so there was massive selling pressure there.

With bitcoin at $69K or $100K the same will happen, many will sell in that area and it won’t advance as swiftly. You gotta realize there needs to be massive adoption for it to break $100k barrier.

As long as there are successful sellers, it implies that there are willing buyers. It doesn't matter what the price is; it's a transaction that invariably involves both sellers and buyers. Their perspectives differ, and we're all aware of that.

If Bitcoin were to reach $100,000, and everyone decided to sell it at that price, who would be willing to buy it at $100,000? Are new investors strong enough to enter at that price point? Consequently, an automatic mechanism would be created here: when the price of Bitcoin reaches any level, there will always be someone holding onto it, meaning they won't sell it. That's how it goes.

The ATH peak lasted only for a day or so, I doubt there's a lot of people who bought at that time, who hold those coins till now, etc. Many of the losers of the last bull market have cut their losses and maybe even bought lower and are now sitting on a good position for the bull run. We don't really know the structure of the market, we don't have any data for that, maybe only the exchanges know it, but they won't share it, because why should they? So we can only make baseless guesses about who and when bought/sold some coins and what they plan to do.

Plus it all entirely ignores the buy pressure. If there's a huge buy pressure, it can overcome a selling pressure even at ATH.

Anyone who bought at the current ATH of $69k shouldn't be in a hurry to sell off once price hits their entry price. They should target anything above $100k. Definitely (and expectedly, anyway), the new ATH that should happen in 2025 won't be anything short of $100k. That price level is easily achievable.

The rectangular tool you used to mark out resistance area, is it hand drawn or it's an indicator that plots by itself? I like the way it gives the chart a fore knowledge of where price is headed.

But of course, there will definitely be that pressure at that level. You've to know that those who are buying now at $26k – $28k+ will be on massive profit when Bitcoin hits $69k and they may not have the need to wait for $100k to take profit. Also, there are those who bought at ATH who won't hesitate to sell off once price gets to their entry point.

I have the same thoughts as you, although we don't have any data on this but I don't believe someone who bought bitcoin with 69k$ can hold it until now. They are newbies lacking knowledge, so they bought at high prices or during the bull season, so they will not have the courage to hold until now. I think when bitcoin dropped to 40k$ or 30k$, they cut their losses because they thought the market would drop more or crash...As for experienced investors, they definitely will not buy at that price or will cut losses early if the price starts to fall.

What will happen when the price approaches $100K, just like when it approaches the previous ATH of $69K, is that there will be a lot of selling orders. Anyone who has seen the books will know what I am talking about. When the price gets close to those figures everyone will be in profit, no matter how much they bought at, that's why the selling orders will skyrocket and it will take a few tries to beat those figures.

Anyone will be tempted when they see that the price of bitcoin can reach the ATH, it could be said that the profit is already in hand and missing this moment is of course something that is difficult to avoid, when the price passes the ATH, which has happened of course the selling pressure is very large, making it difficult for the price to rise higher.

It seems that the reason is very reasonable. If demand continues to increase, while supply decreases (due to halving), then there is a big opportunity for BTC to rise. But, after yesterday's news, BTC prices corrected again after strengthening temporarily.

It's true, it can create strong demand pressure, especially if old investors re-enter the market, at least it will be an attraction in itself so that the sentiment is positive so that many new investors will come.

If we get close to breaking a new all time high, the fear of missing out in the market will be incredible and surely propel the price well passed the all time high into new territory. Right now people are still sitting on the fence and listening about Bitcoin. When the hype starts up again the rally we see will be absolutely face melting incredible.

Totally depends and there's no way on knowing into those people who had been able to bought on 69k peak price and do able to hold even up to now. For sure that they might have been able to sell on the price that hits up 50k or even on 40k which cutting their losses which somewhat is a better or good call than on cashing out on that bottom of 15k which we know that this had been the bottom for this cycle. Somewhat
we arent still able to see that last dump before bull run kick in on which this is usually be happening on post-halving season. $100k is something that really realistic compared into those million dollar price kind of prediction on which it is really just that absurd on having this kind of prediction because breaking $100k should really be that in first priority.

It is unlikely that we would be able to see x2 or x3 on previous ATH that we do have on this upcoming bull cycle but well everything is really just that still an assumption yet we know that
this market doesnt really fail when it comes to surprises and unexpected events that majority hadnt been anticipating that it could really happen. Market is always that unpredictable and there's no way
on telling on what would be this upcoming bull run would look like whether it would really be just the same on the previous one when it comes to movement or there would really be some
in decrease when it comes to intensity in terms of moving up on prices. Lets see on what happens!

Selling pressure will be very difficult to avoid, especially when investors have seen the profits. I don't deny that some of us have set limits on when to take profits at a certain x, so it will be possible to see them sell when that x is reached. I don't expect the selling pressure to be huge if the hype doesn't die down, it will just make the price break through the next high and hit a new ATH.

Nowadays traders tend to panic because most of them target quick profits. They take advantage of market volatility for short TFs, so the consequence is that selling pressure is always higher when prices move to test resistance.

To reach the previous ATH it will take strong support from the investor and most of the time btc breaks its previous ATH with little effort. The sentiment became so bulish and the market created such FOMO that the market got more buyers than sellers. However most of those who bought btc at its previous ATH already sold their holdings or liquidated them through future contract or lowered their average buy through DCA. So i don't think this will be a problem to be concerned about.

All those who bought ATH and haven't sold yet because there was a massive dump after that and they still held it until now can say if they are still not losers, in my opinion. At that time, they just left the car behind, but they can still go back and ride when they get back.

But for those who bought ATH and were impatient to return it, which was the reason for selling what they bought, it can be said that you are really at a loss and you will not get any profit. That was the wrong decision. And I don't see it being a problem to get to 100k of each bitcoin, to be honest.

Maybe. There's probably quite a lot of people who consider $100k their exit point, so I reckon if they see the market rushing to $100k, they might just help with that push. You can expect a lot of pressure towards selling after that though since as I've said, they might've helped the market reach $100k, but that's only because they consider it an exit point. A lot of people expect it to happen after all.

Although I don't think it's an "immediate" after the halving. Most ATH's happened around half a year to a year after halving themselves afaik, maybe even more depending on how it goes. We usually don't see any immediate effects after the halving anyway.

Selling pressure always gives a challenge to a market that is uptrending.  Since it works in an opposite trend, selling pressure becomes a hurdle to beat by the uptrending market.   If the demand pressure outweigh the selling pressure in a huge margin then I do not think that this selling pressure will hinder Bitcoin from reaching $100k.


The approval of ETF might help greatly since this will bring new funds to the market, making the demand grow.  It will make it easier for Bitcoin to break ATH if FOMO appears but obviously FOMO often times has it backslash when the market sentiment stabilises making a huge correction in the market.

Those who exert selling pressure are those who have entered at a cheaper price and are selling to take advantage of the bullishness that is occurring.
ATH is indeed close, but to reach that peak it takes time and waiting for those who are selling to stop. When the trend continues to be strong to reach the top of the ATH, it will continue. After reaching a new ATH, of course it will determine where the actual highest price will occur and the correction will become more visible.

$100,000 immediately after the halving? By immediately you mean within the halving week or halving month? I don't think so. As far as the available data are concerned regarding ATHs and halvings, it will take some time for an ATH to be reached after the halving. It will be more or less a year, but never immediately. And to think that $100,000 is much higher than the current ATH, immediately is very difficult to happen. I even expect that the selling pressure is already strong at $80,000.

am not sure if truly many investors bought at 69k but of course there are because those are the trapped investors.
and more to call they are the greedy one that expect too much upon the rise.
not sure if we can call this a Bullish when it just happened recently when there is a fake ETF broadcast from Cointelegraph that made the market grows fast.
Of course I respect your prediction , but i will not take that as a complete Yes , I have seen market for years and have manage to look at 2 halving , in which shows me it needed time after halving that the market spikes High.
so basically ?it will not just come easily or immediately after halving.

No one is able to make sure after Halving we will see Bitcoin reaching $ 100K and although it is possible because the previous ATH price of Bitcoin almost touched the price. Not only old investors and even new investors have also been trying to buy Bitcoin at this time. If I am not mistaken considering, even Bitcoin circulating on the stock exchange is far less than the bitcoin stored by investors in certain wallets. Selling pressure will definitely be much greater when the price almost touches $ 100K because investors try to attract large profits at that price.

We also hope that when Halving arrives the price of Bitcoin can be close to $ 100K or more because we have been waiting for this moment for a long time. At least we can jump the maximum amount of profit for those of us who do not have a large amount of capital, so that at the time of the decline in the next period can take accumulation of purchases in a amount greater than usual.

Reaching that level of price again would be hard but doable because it has reached it before. The hard thing about this is that, would the HODLers be ready for that kind of momentum? They wouldn't be selling into that rise in price? I think having that kind of mindset now puts everyone in a position to sell because they would feel that it might not reach that price point again.

Most people who are not HODLing for the long term are just in it for the profit so an increase in price that significant could cause more volume to sell. I do hope for a strong HALVING.

That is also what CZ said on his post about the halving. If only the bull run occurred much earlier this year, then maybe that would change and we can even witness $100k before the halving occurs. Investing is about making a profit so obviously people are trying their best to sell above their buying price.

This can be done easily if we will only buy at the dip. Not all investors are the same. Maybe some won't invest anymore especially if they fail on this business. So, don't say that they can always accumulate more Bitcoins. Also, Bitcoin is getting scarcer day by the day. We need to sell wisely because we may now find it hard to accumulate again later on.

Everything is possible and everything could really happen and this is something that we should really instilling or bare in our mind about those probabilities whether it could happen or not. As an investor or crypto enthusiast then you should really be that preparing yourself on whatever things that could really happen along the way. We cant really be so sure if the adoption rate and the funding will flow through
on this upcoming bull run but pretty much sure that we would really be able to break that 69K ATH that we do have. It is really just that i cant believe that the price would be pushing through x2 on its ATH
and this is why im not really that making myself that too optimistic when it comes to this knowing that probabilities isnt really that sure yet.

It is really just that better that you should really that go with the flow and would really be that prepared on whatever things that you would really be encountering along the way.
Neither we would really be having some breakout or not on 100k price point but just like on what had been mentioned that sell pressure or this price would really be
that a tough resistance to be break if ever.

Selling pressure is something that would not take a second to break as soon as all those sellers see the price change. I mean it looks like there is a selling pressure now, because we do not believe that it will get any better, but at the same time I feel like we are going to end up with something that would not change much and I understand that we are going to end up with something that will change things, and I do think that the best thing to do would be making sure that we are going to end up with something that will do better and go bigger with time.

Buyers are the king of bull runs, and buyers will dictate how high we will go, even if sellers keep on selling, if buyers keep doing better then sellers will be defeated, always think about brute forcing it too. I know that it is going to be fine, and I know that sellers will sell some, but as long as buyers get hyped, nothing can stay on their way, that is the most important thing for all of us right now.

We are not real sure of what the price will hit at, all our speculation is base on assumptions and its under probability, culturally bitcoin price get accelerated when their is a massive demand in bitcoin but their is no massive demands in the market of cryptocurrency bitcoin will not experience any bullish...are you aware that bitcoin only get accelerated when investors venture into it by investing in bitcoin, so basically it's obvious when the demand is high bitcoin rise and when the demand is low bitcoin also decreases.

Expecting bitcoin price to be something that the price will reached up to hundreds thousands [100k] now, I don't think that it will come to pass this year and next year even though we experienced halving, I know quite well that it's possible but it's obvious that in the history of bitcoin what really skyrocket the price is when investors queue in and invest in bitcoin.

The highest experience of bitcoin price since Bitcoin been established, is the time the price rise above sixty thousand, it was six nine thousand we experienced in bitcoin price, and I sure that happened in 2021 if I'm not mistaken, since that time bitcoin price has not gotten to fifty thousand [50k] the price of  bitcoin have never rise above sixt nine thousand...so I don't believe that bitcoin will rise and reach up to hundred thousand without have some fluctuating effect between sixty thousand and seventy thousand in price first.

When someone believes in bitcoin, there must be many things that may have been carefully prepared, the goal is to collect as many bitcoins as possible to achieve maximum profits. ATH is a process where we wait to get the expected big profits and along the way we will definitely be faced with a process of correction or sharp decline as time goes by. I still believe the next ATH will be close to $100k because if you look at it historically this price is close to the expected achievement as perhaps the previous ATH point was close.

It is impossible to exceed twice the previous ATH and it is not an interesting discussion because usually the next ATH will adjust the price above the previous ATH. However, no one knows for sure what the ATH will be like in the future and I am still optimistic that the next ATH achievement will reach the price that many people are talking about.

I have also asked myself that , when the bitcoin reaches a high price, how do I know if it is the top? How do you know if the price at which it is directed is the one it will reach? To sell there I think it is good to rely on analysts, I have many in Particular because there are those from cointelegrap and those who put their own analyzes in tradingview, the most accurate , the ones with the best reputation in tradingview are very good, so I think What that plan would be for me, and obviously in the WO thread you learn a lot and it's also very fun because there are my plans to know when the price will reach its maximum point to be Able to Sell there.

From what I experienced from the last bull market that smashed the before ATH, $20k. When the price got to the $19k level, I could vividly recall that we had a selling pressure that resulted in a drop which took a number of weeks or even months, and some people even thought we weren't gonna get through the previous $20K ATH,  and it was on the second time I think we got rid of the selling pressure and the resistance at that level of $20k,  So I do think such a scenario may play out this ime around, and we could first have a selling pressure $65-68k, while the next move will smash the $69k ATH. though previous results do not guarantee future results

Everyone has been waiting for it to happen. Not only for those who have bought bitcoin at it last all time high price but also to those who have been holding bitcoin for couple of years now, surely they also want to take part in selling but that will only be possible if a new all time high is reached after the bitcoin halving is done. But if they will decide to sell at the current price, it's clear that they will still be in profits since the price has already crossed the $30k price resistance.

However, if they will chose to hold even longer, that would mean bigger profits in the future. Bitcoin is always highly volatile, and that volatility is the one big reason why a lot of us are even excited to hold even longer knowing bitcoin price will always appreciate no matter how often its price fluctuations.

The scenerio you are trying to explain is that those who bought at ATH of $69k in 2021 who are still hodling will be in a haste to rush out... But I don't think so.

If there will be selling pressure at that level of 69k, I don't think it will be because of rushing out of 2021 hodlers but it could be because of panic by weak hands who fear that such level will become a resistance and price could bounce back and start dropping again, so they might not want to wait but to dump at that level as faster as they can and run out, and such action might cause price to start dropping because of such spontaneous sell as everyone will be at alert.

Well going by last bull that got the $69k in 2021, the drop was sudden and just when you could know what was happening it was already around $54k.

So I think the bull run didn't last and for the 2021 hodlers, instead of being in a haste to run off, they might hodl longer to maximize their 2/3 years investment profit.

If you are those people or investors who had been able to buy when the price is on its peak then ending up on holding because you've seen negative into your portfolio then it would really be that requiring that
tough mental strength and that discipline on holding your position specially that you are really that needing to hold for long because we know that each cycle does last 4 year cycle but if you are that someone who do lack knowledge and experience on this market then you would really be have long time on making that cut loss but for those who are really that wary about the situation then for sure you would really be holding still
and strong and its not that all people would be doing the same thing. There would really be those people who would really just simply panic.

Selling pressure would really be there and if you arent that having that strong mental state then for sure you would really be ending up on selling but if not then you are still holding your position
and do even make that DCA on which it would really be just that a common approach. We know that the market cant really be just like this forever on which it would really be just that normal
or wise to think that recovery would really be always next in line.

The number of people that bought near or at the ATH and that are still holding their coins should be very limited, as there are only two types of people which could have done this, those buying because of the hype, which should have sold their coins in panic already as they were weak hands, or speculators which realized they made a mistake, and sold their coins for a small loss, no one else really bought at that level, which is why there was a crash, as those that really believed in bitcoin bought their coins much earlier and for a cheaper price.

Psychologically, it won't be a problem just a barrier, because the greed emotion on the ATH is going to be hard to suppress and most of the traders will decide their next strategy with proper risk management and they'll consider at least a significant amount of exit (as profit booking).

Temporarily it will greatly impact the market sentiments, but on a wider scale we can judge the real potential, also this cycle will end in tragedy and how this tragedy will execute itself let's wait & see. ATH I'm expecting it will be exciting because there is going to be great impatience between the buyers & sellers.

Sure, there will be selling pressure, but first we have to get near the ath, and that's the tricky part. Not crossing ath. Because when we get closer to ath, and selling pressure grows, there will be hype and buying pressure as well, which will break the sell wall. Because that level of volume shows up as a bullish signal to every trader out there, and sooner or later even sellers will start buying back in panic. And anyone shorting it with leverage will end up having same fate as shorters of GME in 2021

Even if the market is in a long bearish period, it does not take long to come back from it if the investors have confidence. We have seen a large bullish trend in Bitcoin price over the past few days and if this trend continues we will see a bitcoin bull run. Bitcoin halving in 2024 has created confidence among all types of investors, so if everyone tries to increase their investment, we can surely surpass the market's all time high. Ultimately, the buying pressure of Bitcoin will increase as investors build confidence in that bullish movement. We will certainly enter a bull market around the upcoming Halving.

It seems to me the ATH should not be too much of problem and it will not become an impossible resistance level that cannot be overcome, and if anything I think the opposite will be the truth, as once we get to see the price of bitcoin to reach 60k again then the expectations traders will have about bitcoin surpassing its previous ATH will increase, which will make the demand for bitcoin to surge and with it its price, so I will not be surprised if bitcoin was able to leave behind the 69k level incredibly quickly once we got close to it.

I don't know if 100k will come right after the halving, but I would prefer the price to increase gradually. Every time the price increases, Bitcoin should consolidate its place and continue that way. A sudden increase in the price also indicates that it will decrease in the same way. I would prefer a gradual increase rather than such an increase.

I do not think there will be a selling pressure at the ATH level because Bitcoin investors think that a new ATH will come and the 100k target will be exceeded. At least, I think so.

It can't go to $100k straight after the halving event and there will surely be disruptions along the way, it is even possible that it doesn't reach that mark and starts declining before that. The highest possible and realistic target I have in my mind as the all-time high is between $80k - $90k, and it will most probably start declining from that point if investors start making a profit and selling one after the other just so that no one misses the highest selling point.

We all know what happens when there is selling pressure, investors start dropping the price little by little just so that their assets get sold before others and that process continues until the price drops very low, and no one can stop that from happening. Market sentiment is everything, if everyone is confident, the price will keep surging but if it's the other way around, I'm afraid it won't go very far.

I quite agree with your idea because if we look back what happened to DOGE coin way back 2021, people think that it would go to $1 because everybody is hyping it to reach $1. So because people are expecting to reach $1, we also expect that there's a lot of sellers on that price but what happened? Wise people sold their coins nearly before it happened to assure that all their coins won't stuck at the order book. That is also possibly true to Bitcoin, since people are expecting with $100k price, a lot of sellers will occur immediately at $80k or $90k price.

By that logic we shouldn't have gone up to 69k at the time neither, you think there weren't any selling pressures back then? We never reached above 20k before that bull run, and not only we broke over 20k, we reached 68k, from 2ok to 68k there were insane selling pressures, and at times it did stall our progress and dropped the price a bit or stopped the price a bit. But what happened afterwards? We have gone up even more and did even better. This is why there is no worry, of course there will be huge selling pressures from 35k to 100k, there is no denying that, it will certainly happen, but at the same time it doesn't mean that we should stop just because of it, we will reach that 100k in spite of it.

Every ATH would really be that something a huge struggle to break on which it is true that there would really be tons of sellers into those point specially into those investors or traders who had caught themselves into those points on which until now they are really that still holding their position.They've been long time waiting for the situation to come and once the price do really be able to reach out those levels then expect that sell orders would really be that huge or something that cant really be easily be broken or simply having that breakout. We do really have that need of extreme bullish news in correlation with those positive sentiments like ETF approvals and other adoption news which it would really be able to trigger out that strong positive turn of the waves.

I dont know if it would really be just that enough on breaking that $100k but we know that Bitcoin doesnt really fail on surprising us which it had been able to do such thing on past bull run events or times too.
If we do see that there might be some struggle then i would say that it is really just that normal. As a trader or investor then it would really be that always wise that you should really be always
setting out that selling point so that you wont really be ending up on holding for long time or for another cycle on which we know that it would really be that a couple of years
on which i could say that it is really just that too long for the wait.

The all time high was during a bubble type move upward so I don’t think it is as meaningful as some think. Not to mention most traders are probably already taking profits on this small move upward, so they’ll have been long out of the market before we near the all time high. $100K might be difficult to break on a psychological level, but we’ll have to wait and see.

Due to that bubble like all time high records makes it hard for many of us to actually believe that the ATH is actually what the value of bitcoin could be and how long is bitcoin able to stay at that price for a specific time,  and how deep the price of bitcoin will slide when the bull run party is over,  because ATH is not a sustainable price so for sure,  taking profits in-between is to ensure approach to Bitcoin profitable market practice.

So it is better to DCA along the way and as the price keeps moving we all should keep acting along with it,  and accumulate more Bitcoin and never hesitate to exchange it when the price hits the thenear-speculatedd ATH price.

Based on my speculation, I doubt that Bitcoin will be able to get to $100k after the halving. Since Bitcoin might not get to $50k this year, it is possible that will happen by next year, and we can see Bitcoin maybe around $68k next year or not, but 2025 would really be when I think that the bull market will be more serious and the price of Bitcoin will surge through $100k. Normally, some people are going to sell off their coins if the price gets to $50k or $60k, except those who bought them when the price was $68k, and if many people sell by next year because of the price surge, then there might not be so much of a sell presure.

Most likely. People have been waiting for this moment since 2016, there's a high possibility that the guys that were biding their time since then, and have accumulated a sizable amount of crypto through those period would have sold a good portion of their holdings  as well. It's quite possible.

Anywho, there's also the possibility of "there's going to be a higher ATH than that!" investors taking the lead during this period, holding with all their power at least until the whales act upon the price. We can't really say for sure if we'd be able to sustain the 100k ATH but historically, bitcoin has been able to hold its ATH for months on end, so I'm hopeful that the same could happen this time after all.

Well you do got a point which considering that there's no assurance on what the market would look like in this upcoming bull run cycle on which it would neither be for Bitcoin to successfully break out its ATH or would really be that just going low. There's no assurance on how it would look like but pretty much sure that there are tons who are really that placing their sell orders on that ATH level on which there's no doubt that
it would really be able to experience several rejections on breaking that point which it might take a while but we know that if there would be some sort of positive thing or news do happen, then it would really be acting
as a catalyst on breaking out that point or resistance on which basing up on previous bull runs then it did really happen or something that the market is really that witness.

This is why you cant really blame out people on not to think on the same scenario just like into those previous cycles and this is why some are really that too optimistic towards the price.
Some are really making out those realistic approach towards prices and some do really go into those non realistic ones. You could really see that prices is really that floating around
in terms of those speculative approach on which it is really just that too common on this thing. Pressure or struggle on breaking that previous ATH? It would be normal
but that doesnt mean that its unbreakable. We do know the community demand which is something that cant be stopped when you are there.

What you said is the truth. It can be said that no one losses in bitcoin if they are patient. You only lose when you sell at lose. Patience is a great virtue in the bitcoin investment. But then we still need to be considerate. It is only someone who is financially stable that can be able to forget an investment for more than 2 years.
This cannot be said about a person who actually isn't sure where their next meal is coming from and neither is it for someone who invested in Bitcoin to be able to pay house or other rents.
The best way to invest in bitcoin is when you have a steady source of income and being consistent with the DCA method.

If a person is lacking even a single one of the most important factors that make an investor a success then it becomes impossible for them to reach their goals, and without a doubt being patient is one of the most important characteristics for an investor, as you never really know when the asset that you are holding will go up in value, and this is even more critical in markets other than this one, since it could take years or even a full decade before an asset is able to reach its highest price, and you do not want to sell before that happens.

That is such an important aspect of the crypto and specially bitcoin world and yet we are still doing something that is quite important to handle. I think it could be important to realize that we are not going to end up with anything that needs to be considered differently. I get that it may not be all that simple, and we need to arrange something that would be a little difficult to handle, but if we can handle it, we could definitely make it change, that's the part.

If we know what we are doing with a long term bitcoin investment, then we could make a profit from it and should be happy about it as well, that's very important aspect of the bitcoin world that could be arranged in a way that could be a lot more different.

I know I'm responding to several days old post but I just wanted to bring back some more rational thinking here. Just because halving is an important mathematical event doesn't mean immediate impact and we saw that each and every halving

Market that understands this including and especially miners already enter those thoughts into the market and it's only much later once actual coin supply is longterm felt that markets react.

I also think 100k is too high for immediate halving and only another stocks rally can push crypto into new real bull run.

Really that hard to make out some drawn out in speaking about predicting prices whether it would hit up 100k or not on that specific period. The thing i do agree is that halving event wouldnt really be giving out that immediate effect or on point.It would be taking several months before bull run would happen and its true that to those people who had been caught on the peak will really be waiting for them to
sell out on the time that they do break even but unless if those people are still holding nowadays considering that its been a while on having those kind of positions on which they are really that in negative.
Impose or possible problems? Yes it could happen if there would really be a strong resistance or ceiling on that previous ATH sell wall then it is unlikely we would be able to see 100k so fast.

Actually, it's not hard at all, it's super easy to make predictions, that's why so many people do it, all the time. I mean, since day 1 I entered crypto, even major news and most popular shared stories until today is prediction, from banker, CEO, even random anons now on Twitter lol

The hard part is getting it right, yet people still try so hard to find truth or even to pay for someone else's predictions ;)

I personally find it funny people raving about 100k now were raving about 1 million a few years ago!!

I think people have been waiting for this all their time since they learned Bitcoin because this is a dream
of everyone here, maybe you are pointing to you and your batch like me that we are waiting to hit 6 digits but those early adopters?
they have been waiting for 13 years now.

if it is more than 100k ? then I think this is not happening in the next halving of if does at least 120k
 is the max , but considering the capacity of bitcoin ? there is no doubt that it can even rich to million dollars but in the long term process .

Based on the price history of bitcoin, it can be observed that a new ATH of bitcoin does not materialize right away after the halving; rather, it takes many months.
Since the previous ATH caused bitcoin to soar to $69k, many crypto enthusiasts speculate that the price of bitcoin will hit $100k. This means that by 2025, the price of bitcoin should have reached $100k.

Investors will continue to make investments in bitcoin even as its value rises, since in the long term, they will profit regardless of the price at which they invested in it.

It's more likely that prices before the ATH (39k-60k) will have more points of resistance, than the tops. Reason being is that a lot Kore volume will have been at these levels and I am sure a lot more people are convicted at these levels, rather than the types of people that bought the top of 69k.

Those who bought the top at 69k are probably emotional, subject to making irrational decisions and will probably have sold at lower prices, in comparison to holding and waiting for a comeback.

It is only in bitcoin investment that people are becoming impatient and the syndrome of get rich quick has eaten deep into the flesh in this industry. I remember when I was younger, my parents will narrate their experience of buying shares of a company and after 10 to 15yrs, the shares will worth nothing. But this our time, only 2 months investment into bitcoin, we will be yarning for big profit cash out.

Bitcoin long term investment requirements patient. Atleast one bitcoin cycle patient or double cycle will make a big difference and a cycle is just 4yrs. Yet, many people want to invest today and double their investment tomorrow.

Wanting to get rich quickly from investments is normal - but what's not natural is when they expect big return overnight, that's not logical especially if they have a small budget. Bitcoin can provide huge overnight returns to its investors - but they should be aware that it requires a large budget, say $20M. When they don't have that big of a budget and then they want to get rich overnight, then of course their dreams won't come true.

To get maximum returns from investments, investors are certainly expected to be patient while building their investment portfolio. It's up to them how they manage their investment time frame - but it's clear that patience is something to consider to get a worth it return.

Sooner or later you would be able to realize that this isnt how this market works. Getting rich overnight? This is only possible with those meme or shit coins that been pumped up by some whales but if we do speak about Bitcoin and other top altcoin investment then it would really be that totally different. Movements on few percentages wont really be that make you rich on which it is really just that right that you should really
be setting out those realistic goals and targets so that you could really be able to deal up the market well and not really that something hopeful.

For sure there would really be a huge sell order on 70k which is really that on that All time high. It is really that very common situation that we would really be
facing up such difficulty or really that strong resistance on this level but if the demand would be high then it would really be that
too easy on breaking up that roof but there's no certain things that it would really be something easy.

Selling pressure is always been a problem of the market that wanted to stay up trending.  It does not need the Bitcoin market to be near the ATH price to see the selling pressure, it always happens when there is an uptrend since many traders often cash out for a small profit.  This selling pressure is also the reason why the Bitcoin price in the market is so volatile since there is always someone who wants to cash out when profit is seen.  But if the sentiment of the market is in FOMO, I do not think that the sell pressure will be a problem.  It will easily get eaten up by the FOMOing investors.  This is also one of the major reasons why Bitcoin records new ATH..

Selling pressure will occur at any time when the price of Bitcoin starts to rise because Those who sell only take advantage of Bitcoin price fluctuations to make faster profits.
But for those who survive, selling pressure will be their chance to buy back at a cheaper price.

Traders will exert stronger selling pressure when volume increases, and this can be an opportunity to continue accumulating their profits from trading.
But when that FOMO comes and the trend starts going into bullish mode, everyone who sells it will buy back, so the buying pressure will increase.

That is actually something we need to look at , though there are many investors that is trapped from the previous ATH yet they are looking for a chance to sell out taking their capital and even with only small gains .
from that expect something like falling if ever the Price reached out after the halving ,
meaning it will be hard to assume 100k when the opportunity to withdraw is earlier after the halving.

We cant really be still sure if they hadnt been able to sell out their coins specially that we did make out that bottom price level of $15k on which it is really just that on a certain extreme situation on which
it would really be giving out that kind of emotion that might really be that resulting for you to sell out your coins in losses which we do know that it isnt something having no sense on doing so.
Pretty sure that there would really be still those who had able to bought on peak price or in ATH which up until now they are really that still holding which it is really something that not an easy to do
considering on how many years we've been trying out to hold our position knowing that we are really that on huge negative. It cant really be that avoided that you would really be
making yourself having those doubts that you might really be that selling on loss.

$100k? This is something our first target to break on this upcoming bull run. Some saying reaching out 200-300k? Sounds non realistic considering on how slow we do able to reach
out things or particular levels which it did take a couple of years then it is really that impossible that we would really be able to hit it up on upcoming years to come.
Somewhat we dont know on what would actually happens on this market, there's no way on knowing that.

And what do you think will hold people? who bought below $50 from selling when Bitcoin reaches around $90k? They will surely think that what they are getting is enough instead of waiting and hoping for higher gains, and once everyone starts selling, the market will start coming down from that point instead of going up further because the demand will become lower than the supply since everyone will start selling their assets at the market price and all will start lowering the asking price slowly.

What's unfortunate is that this cannot be stopped, we can't stop people from selling just like how we can't make them calm down when there is an FUD or bad news. So, we can just hope that this doesn't start very soon and impatient retail investors can hold themselves until the price reaches at least $100k.

Those who want to sell should sell, it is better this way, because there will always be people who are more intelligent and will buy while others sell, that is the most intelligent thing, we cannot forget it, we have to realize that when things are like this, we must make a stop and say, look if the price of bitcoin is going down, because I don't buy everything I can, as such, it is an investment for my life, the fact that many sell does not mean that it will affect the price of bitcoin on the contrary, that It will go up much more and it may go up more than 1000 thousand USD , and that is what is Expected , I could say that things can look like this.

Anyone will sell their assets when they calculate and assume that it is time to make a profit even though they know the potential could rise higher than the selling price they previously set. As you said above, it makes sense and my assumption is that currently people no longer want to take greater risks and are looking for further risks.

Agree. To see BTC going $100K it is better to wait and see further market developments.

Bitcoin market rise cannot be limited to ordinary market rise, when it pumps, it only a display that confirms a change in it level of demands from supply, while the market ATH is not a barrier to experience a bullrun that can lead us to another all time high because that is only determined by halving, the bitcoin network needs more of understandings on how the market rises, what triggers the new all time high and what makes the market always remains volatile.

Bitcoin is different from any other currency, particularly fiat currencies. The first thing that differentiates them is their volatility. When Bitcoin price increases, it is not limited to 1% to 5% because it's more volatile than fiat. Possibly when the bull season occur, the price of Bitcoin is very possible to be doubled. ATH is the strongest resistance in the market, if the price breaks this level, there is a possibility that the price drastically increases before retracement starts because there is no visible resistance above.

The issue is that some people will get out way before they should and watch the market go up. I have been trying to hold for years, am I a moron that I have held for this long? No, I have been keeping it because I knew that it would go up, and turns out I was right and it went up, people hold for as long as they can and not sell the moment they profit, not because they can't really do anything, but because they are capable of seeing how they could profit more.

So I am holding, and will keep on holding, it is going to be 100k for sure, at least to me, and it could happen within next 2 years, but if not I am willing to wait more, watch another bear run and then sell for more, wait until one more halving and one more bull run after that. It may look like it's not that easy to hold but in fact it's the easiest thing in the world, you simple don't do anything and in return you end up making some money and getting some profit in return of that, it's quite good.

Holding would really be entirely be depending on you on which there would be those people who are willing to hold for long and doesnt matter on what happen in the market as long they do stick into their plans
on where it should be. There are also some people who doesnt really care about market conditions and they would really be sticking into their own plans specially if they are deciding to hold.
It would really be just that normal that there would really be some sell off when it comes to those ATH prices specially into those people who had been caught by the peak wayback into those
previous bull run on which they do have that long negative PNL waiting but i doubt that most of them had already made out some cut-losses.

It would be normal that there would really be taking profit levels on which it is really just that a normal approach. You cant really make yourself that be shocked that prices on that time specially
near into that strong resistance will really be bouncing up and down or making up some several rejections before it would be having some break out.
So it would be just that a typical market movement on such condition.