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

[Fundamentals Of]

$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.

[bitterguy28]

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?

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.

As we can see in the market today even though the halving of Bitcoin is approaching, it indicates that we are in the bullish market but more on consolidation.

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.

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

Yes, very possible

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.

[MarjorieZimmermanGinger]

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.

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.

[crwth]

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.

[dezoel]

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.

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.

[Hamphser]

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.

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.

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.

[el kaka22]

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.

[GeorgeJohn]

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.

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.

[MarjorieZimmermanGinger]

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.

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.

[danadc]

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.

[Franctoshi]

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

[mirakal]

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.

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.

[Gozie51]

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.

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.

[dunfida]

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.

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.

[Silberman]

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.

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 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.

[Hamza2424]

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.

[o48o]

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

[Dimitri94]

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.

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.

[Silberman]

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.

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.

[flyingcarpet]

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.

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.