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

[_BlackStar]

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.

-snip-

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.

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.

[JoyMarsha]

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.

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.

[taufik123]

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.
-snip-

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.

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.
-snip-

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.

[yhiaali3]

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.

[adaseb]

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.

[bayu7adi]

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

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.

[hatshepsut93]

And many of them who bought around 69k price were still holding their Bitcoin today.

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.

[Mpamaegbu]

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.

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.

When Bitcoin returns to $69k, I don't think there will be any selling pressure instead, it will confirm the expectations...

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.

[Minor Miner]

And many of them who bought around 69k price were still holding their Bitcoin today.

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.

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.

[Poker Player]

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.

[Joshapat]

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.

[NewRanger]

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.

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.

[OgNasty]

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.

[carlfebz2]

And many of them who bought around 69k price were still holding their Bitcoin today.

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.

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.

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!

[ShowOff]

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.

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.

[Sophokles]

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.

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.

[gunhell16]

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.

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.

[Wexnident]

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.

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.

[serjent05]

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.

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.

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.

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.

[AakZaki]

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.

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.