Is the selling pressure in the ATH level can be a problem to reach $100k?

[Hamphser]

-snip-

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.

[1715603951]

1715603951

[serjent05]

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..

[taufik123]

-snip-  
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.

[kotajikikox]

Do you think it is possible that the price of Bitcoin will reach $100k immediately after the halving?

Yes, very possible. Many of the old investors are still willing to invest more, and more investors to come which will result in a strong demand to overcome the selling pressure at the ATH level.

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.

[Mahanton]

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Do you think it is possible that the price of Bitcoin will reach $100k immediately after the halving?

Yes, very possible. Many of the old investors are still willing to invest more, and more investors to come which will result in a strong demand to overcome the selling pressure at the ATH level.

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.

[doomloop]

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.

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.

[danadc]

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.

[NewRanger]

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.

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.

[Aanuoluwatofunmi]

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.

[jeraldskie11]

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.

[sana54210]

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.

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.

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.

[Lanatsa]

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.

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.

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.