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Author Topic: Is the selling pressure in the ATH level can be a problem to reach $100k?  (Read 695 times)
doomloop
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November 03, 2023, 04:46:49 PM
 #61

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 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.

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November 03, 2023, 06:41:48 PM
 #62

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 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.
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.

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November 03, 2023, 07:13:23 PM
 #63

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.

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November 03, 2023, 07:28:41 PM
Merited by Fatunad (1)
 #64

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 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.
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.
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.
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November 05, 2023, 07:11:46 PM
 #65

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.

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November 05, 2023, 07:40:25 PM
 #66

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.
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November 05, 2023, 08:14:01 PM
 #67

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.
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.

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November 05, 2023, 08:42:17 PM
 #68

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.
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November 05, 2023, 08:46:54 PM
 #69

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.
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.
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.

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November 06, 2023, 11:07:47 AM
 #70

-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.

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.

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November 07, 2023, 05:38:09 AM
 #71

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.
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November 07, 2023, 08:26:01 AM
 #72

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.
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.

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November 07, 2023, 11:47:29 AM
 #73

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 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.

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November 08, 2023, 06:59:14 PM
Last edit: November 08, 2023, 07:15:09 PM by Mahanton
 #74

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 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.

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November 09, 2023, 07:31:26 AM
 #75

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.


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 Wink

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

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November 09, 2023, 11:27:29 AM
 #76

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.
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.

Quote
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.
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 .

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November 19, 2023, 10:14:50 PM
 #77

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

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.
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.

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November 20, 2023, 06:58:53 AM
 #78

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.

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November 21, 2023, 04:07:21 PM
 #79

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.
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.

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November 21, 2023, 05:00:01 PM
 #80

-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.

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