$100k waiting room [status: achieved]

[coolcoinz]

As the majority eagerly awaits Bitcoin hitting $100,000, many are also preparing to sell. While I’m on the waiting side, we can’t deny that selling at this point is a huge opportunity—especially if you bought it at $50,000.

Do you think we’ll hit $100k this year? There’s always hope, but the situation remains uncertain. At this point, it’s safe to assume that a lot of people are already cashing out, which could be one of the factors slowing down the price surge. We also need to be prepared for the huge price drop as it was shown already, but of course, I won't expect such a huge crash like bearish as I believe that we are still in the bullish season. 

I don't think that many people are preparing to sell at $100k. If they need money, why wouldn't they sell at 99k?
100k is a resistance only because people want it to be, which means traders expect people to sell at 100k, so they start selling before that happens, setting their orders at 99 and 98k, actually making the resistance happen.

It's only in their minds because if they weren't trying to be smarter and faster than the rest and sell earlier, everybody would hold off and the price would break $100k because the demand is always there, at 99, 100 ad 101k.

What we need for 100k to hit is seller exhaustion and/or a big buyer coming in, like an institution or a country who buys enough for the price to bounce above $100k. When that happens all these traders who sold at 99k will buy their coins back, seeing that since the round number did not hold, they have to look for another top, at least 10% higher.

[pawel7777]

I don't think that many people are preparing to sell at $100k. If they need money, why wouldn't they sell at 99k?
100k is a resistance only because people want it to be, which means traders expect people to sell at 100k, so they start selling before that happens, setting their orders at 99 and 98k, actually making the resistance happen.

Sure, but that's a bit like saying that if we all agree not to sell below $200k, it would go up to $200k in an instant. That's true, but things simply don't work that way. If we're talking about the masses, they rarely act rationally, which is not necessarily a bad thing.
And given the massive amount of bitcoins in sell orders - do we really want sellers to move them to below $100k? I don't think so.
We need some big push, once we start eating through that wall, many will quickly move it to the upper levels.

[bias]

Sure, but that's a bit like saying that if we all agree not to sell below $200k, it would go up to $200k in an instant. That's true, but things simply don't work that way. If we're talking about the masses, they rarely act rationally, which is not necessarily a bad thing.
And given the massive amount of bitcoins in sell orders - do we really want sellers to move them to below $100k? I don't think so.
We need some big push, once we start eating through that wall, many will quickly move it to the upper levels.

What I see is that the masses, seeing the battle taking place at $90k and that the BTC is not falling as they expected, are turning to the rest of the cryptos and waiting. There are tremendous growth rates while the BTC does not have such fluctuations. The $100k wall remains high and people are afraid to buy that high. They may also be waiting for some movement from the Trump administration when it takes office, but I believe that BTC is now becoming the "big boys" game.

[jaberwock]

What I see is that the masses, seeing the battle taking place at $90k and that the BTC is not falling as they expected, are turning to the rest of the cryptos and waiting. There are tremendous growth rates while the BTC does not have such fluctuations. The $100k wall remains high and people are afraid to buy that high. They may also be waiting for some movement from the Trump administration when it takes office, but I believe that BTC is now becoming the "big boys" game.

Yeah, we have seen too many people try to break it under 90k, too many sells, but at the same time buyers didn't let it go down that much, which caused it to be fine, and I believe we are going to end up with a good return without a doubt. I understand that it is going to be a tough period, but we can definitely reach a greater return for sure, that should be the most important part and I believe we can make it work one way or another.

I can see how things change for most people, but at the end of the day it's still a profitable period for us because we are going back up now, and as long as we can go back up and do fine like this, we shouldn't really worry about any corrections, those will happen and pass, without issues.

[Questat]

We are definitely heading there. The current price has dropped to $97k with few chances to drop more as the rate of pumping is even greater than seeing it dumps. But still, we shouldn’t be confident with that knowing bitcoin is highly volatile. However, I’m still overwhelmed that bitcoin price has finally cross almost $100k, it only means that bitcoin is getting more valuable in time.

[pawel7777]

Today's low: $94,660
Today's high: $99,200

Bitcoin is closing the day in the upper $98 region. We've seen some double-digit corrections on XRP, ALGO and HBAR; maybe it will act as a reminder that throwing money in alts without a second thought is not necessarily a good idea. That being said, unless we see the trend reverse, it looks like we have entered the "altcoin season". Bitcoin's dominance keeps dropping, slowly but surely.
What does it mean for Bitcoin from a historical point of view? Further gains, but altcoins (in general) could be growing at a faster rate.

[STT]

Bullish end to the daily bar today, it could resolve this ranged area in a bullish breakout possibly:



No absolute take on this but we have higher lows with the rough ceiling formed basically in line with the November ATH price.   Its certainly challenging that area if not immediately then BTC remains primed for good gains once this consolidation area is resolved positively.

https://www.investopedia.com/terms/a/ascendingtriangle.asp
Ascending triangle as this pattern resembles is typically a continuation and as we were bullish, it has a good chance to resolve positively in this case.   Typically the breakout is significant but nothing is ever for sure, always learning

[Tytanowy Janusz]

I had the honor of being the first in this thread to announce the $100 000 break!!!





Do I stand by what I wrote in my first post here? That there is a dump ahead of us?

How could breaking 100k look like:
[...]

[...]

Well, I'm not so sure about that anymore. Probably not that dynamic and deep. Unlike 2017, we fought against resistance for as long as 2 weeks, creating solid support at $99k. In 2017, we broke 10k in just 24 hours and the closest support was at 8k and was a 6-day consolidation

[pawel7777]

WE DIT IT!!!

AI could do better with the image above, it messed up the numbers but it's close enough 

I was staring at the sell wall on Binance yesterday evening before going to sleep, thinking it might take a while to break it, so was surprised to wake up to above the $100k this morning.

I think we could get to $110k quite easily from here.

[JollyGood]

Congratulations to everybody around the world on this new milestone of Bitcoin breaking the $100,000 barrier for the very first time. Once upon a time this would have seemed like an impossible target but here we are. We do not know if this is the new base rate and it will not fall below $100,000 again or whether there will be a collapse after the inevitable dump takes place when the whole market will turn red.

[bias]

Congratulations to everybody around the world on this new milestone of Bitcoin breaking the $100,000 barrier for the very first time. Once upon a time this would have seemed like an impossible target but here we are.

Indeed we deserve congratulations to all of us who fought all these years with the establishment and achieved what everyone else considered impossible and crazy. Above all though we must all bow to Satoshi Nakamoto and his vision. Without him nothing would be possible, nothing of what we have lived and are living would exist. And of course to all the fellow travelers who were gone and are not with us to experience this magnificent moment. Wherever you are, we made it guys! 🙏🎉

[EarnOnVictor]

Don't forget that this is a non-profit forum for the admin. When last did people donate big or see the admin earning from adverts?

Who said anything about money, donations, or any similar action? By the way, it seems that you don't know much about forums' treasury...

Next time, be specific about the reward you mentioned, and if not money, what? Merit, or another rank higher than Legendary given out? None is worth what you want the reward for, it's just a happening, it should be let go even as Bitcoin naturally reward the faithful (HODLers). It's enough reward of his own.

Still, I'm waiting for you to lecture me on the forum's treasury. If it's being wasted on flimsy purpose like this, I wonder what will remain.

[Fivestar4everMVP]

Don't forget that this is a non-profit forum for the admin. When last did people donate big or see the admin earning from adverts?

Who said anything about money, donations, or any similar action? By the way, it seems that you don't know much about forums' treasury...

Next time, be specific about the reward you mentioned, and if not money, what? Merit, or another rank higher than Legendary given out? None is worth what you want the reward for, it's just a happening, it should be let go even as Bitcoin naturally reward the faithful (HODLers). It's enough reward of his own.

Still, I'm waiting for you to lecture me on the forum's treasury. If it's being wasted on flimsy purpose like this, I wonder what will remain.

Been on this forum since 2016 (with few years away though) and I am not even ashamed to say that this is the first time I am reading some one mention forum treasury, and I would lie, I did love to know what this means, or learn more about it.

Is this or is there some kind type of account out there that belongs to the forum in general? Where some kind of funds belonging to the forum (again, in general) is kept or held up?
Please don't think me stupid, but this is the only idea I could think of coming across the word, "forum treasury", and I understand that this didn't not come from you @Earnonvictor, but I am only quoting your comment alongside the comment of other guy to show my agreement with you, and also join you in asking that the other guy please explain what he meant by "forum treasury", no one is an island of knowledge, and we all learn everyday right?.
😊

[Dave1]

Congratulations to everybody around the world on this new milestone of Bitcoin breaking the $100,000 barrier for the very first time. Once upon a time this would have seemed like an impossible target but here we are. We do not know if this is the new base rate and it will not fall below $100,000 again or whether there will be a collapse after the inevitable dump takes place when the whole market will turn red.

Yeah, when I joined, the price is $1k is I'm not mistaken, it started that year around $400 and then I had my first bull run experience. But now, it's totally different as this is the f first time that we have seen this price, so it's really historic.

We did had a minor correction after hitting $103k as out new all time high. But now, we are in the verge again to break $100k. But in any case, yeah, this could be just the start and the base line for this bull run. We don't know that lies in the future, but the speculation is that we are going to hit around $150k or more.

[Slot Kid]

My eyes still act funny when I check the price now that we have an extra digit. I’m not sure I have the capacity to deal with a seventh digit in the future.

Yes we reached 100k but due to rampant government currency debasing, we are going to rise much higher soon.

[Kemarit]

My eyes still act funny when I check the price now that we have an extra digit. I’m not sure I have the capacity to deal with a seventh digit in the future.

Yes we reached 100k but due to rampant government currency debasing, we are going to rise much higher soon.

You need to get used to seeing 6 digits already as this could be the norm. Breaking $100,000 felt different though, specially for those who have been heard when the price is $100.00 or even $1000.00

And we really don't think that this $100,000 is possible, but here we are right now, breaking grounds and the feeling is that this is just the beginning. We still have the full 12 months in 2025 to set new all time high again. And it's going to be funny when we hit bear market but then the lowest low is still that 6 digits. It just shows how Bitcoin really took off in the last 7 years or so, specially in this community wherein I see a lot of members joining in 2017 and still here by this day.

[TheUltraElite]

Although we touched 100k and stayed there for some time, we went back down to 95k again and now we are inching away our manhood at the 100k mark with 99k - seems like we have to remain strong for some time before the resistance level is overcome and we can permanently consolidate this 100k level.

Dont fear of losing that level, it will always happen at any speculative market. The objective should be to set a new support level and reach out even higher to the moon, next target should be 105k USD.

Keep your hoods strong, and we shall reach the moon and cross it.

[Popkon6]

My eyes still act funny when I check the price now that we have an extra digit. I’m not sure I have the capacity to deal with a seventh digit in the future.

Yes we reached 100k but due to rampant government currency debasing, we are going to rise much higher soon.

When I was introduced to Bitcoin, the price of Bitcoin was within the control of every folder, and it touched $15.5k at the end of 2022. From there, if Bitcoin can touch 6-digit prices, then it is possible that Bitcoin can touch 7-digit prices, but it takes time. We have to be patient and during the next bull market, we will see Bitcoin touch 7-digit prices.
 But it may happen very soon, so we need patience and it is a matter of time, from the past we have come to the present, in the future we will be able to be patient, if we give more importance to holding and be more patient towards Bitcoin holding.

[Ricardo11]

My eyes still act funny when I check the price now that we have an extra digit. I’m not sure I have the capacity to deal with a seventh digit in the future.

Yes we reached 100k but due to rampant government currency debasing, we are going to rise much higher soon.

When I was introduced to Bitcoin, the price of Bitcoin was within the control of every folder, and it touched $15.5k at the end of 2022. From there, if Bitcoin can touch 6-digit prices, then it is possible that Bitcoin can touch 7-digit prices, but it takes time. We have to be patient and during the next bull market, we will see Bitcoin touch 7-digit prices.
 But it may happen very soon, so we need patience and it is a matter of time, from the past we have come to the present, in the future we will be able to be patient, if we give more importance to holding and be more patient towards Bitcoin holding.

In fact, if we study Bitcoin from the beginning, we will know very well that the price increase of Bitcoin depends on the long term, short-term fluctuations have always been and will always be.
Just as you were first introduced to Bitcoin when the price of Bitcoin was $15.5k, It has grown over time, with many ups and downs, and now Bitcoin is above $100K, similarly, those who will be introduced to Bitcoin and hold it for the long term, after going to $1 million, will also say “We were first introduced to Bitcoin when the price of Bitcoin was $100K and now it stands at $1 million”.
So believe in Bitcoin, in the future the price of Bitcoin will continue to rise higher, short-term fluctuations will always be there but in the long term it will definitely become very valuable over time.
So those who can hold Bitcoin for the next 10 years or more from now on, will definitely be able to achieve huge success in the future.

[STT]

Did someone lock the door to the waiting room, we dont seem to be able to leave the 100k area lol

Its yet another doji candle today, equal measure moves resolving to average out a near nothing gain.   Really not the excitement I was expecting after vanquishing such many zero'd great beast as this.
   I'm not sure if its bullish to stay above 100k like this, I think the number itself despite being the focus of attention is only superficially important.

Short term is very insignificant compared to the long term moves in BTC I agree, if for no other reason the volume of that measured move is far larger magnitude.   What we do near term has the inertia of popcorn vs glacial type base movement of the 200 week average within BTC for example.