Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: TomPluz on November 28, 2024, 06:35:43 AM
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Recently, Bitcoin made a historical new ATH at $99,800 but as excited as we are it never made it through the psychological barrier of $100,000. As we know it now, this surge is part of a broader post-election rally, driven by optimism around the incoming Trump administration in January 20 and is generally accepted to be a lot more crypto-friendly compared to the current Biden/Harris regime as symbolized by SEC's Gary Gensler.
One big reason for this failure is the selling pressures as more and more investors decided to make some profits looking at the moment as an opportunity not to be missed...
But then again, we should not worry because Bitcoin has some reserved energy that can catapult it beyond the $100K mark in days to come...we just have to wait for some time to allow some corrections to happen and then BOOM!
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I also think that a lot of people are taking profits at $99k, so it's no surprise that the price stalled. Surprisingly though, some people already claim that we'll go downhill from there after failing to break past $100k, with some people bravely predicting $10k is our next stop. I'm not sure if they're being sarcastic or not since it's hard to tell that from text nowadays, but some people do have that thought based on what I've seen. I also took some profits when we were at $98k by selling some of my altcoins. I still hold most of them because I believe December and January are probably the peak for this cycle. Hopefully, I'm wrong, and 2025 is full of pump activity.
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some people already claim that we'll go downhill from there after failing to break past $100k, with some people bravely predicting $10k is our next stop.
Even if bitcoin got to $100 thousand, there would be more sell pressure at that price point. Many people which are bears would have placed limit order at $100000. Bitcoin will have to get to $100000 more than once before the bears will turn to bulls.
Bitcoin will get to $10000? You should know how not serious such people are. Anyone talking like that is illiterate to bitcoin price.
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One big reason for this failure is the selling pressures as more and more investors decided to make some profits looking at the moment as an opportunity not to be missed...
while $100k is the ultimate target, taking profit at $99k is not that bad at all and it actually does mitigate risks an investor might encounter if he or she still waits before it reach $100k only to dip immediately and not allowing for any profit taking to take place
everyone is excited for it to reach $100k but everyone is also afraid of not being able to take profits unless you will hold forever and has no plans of taking profit this year but it’s normal and thus investors should not be alarmed by the correction that will happen in the next few days
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This last bull run which we are currently experiencing and actually seems to be fading away gradually is a quite good example of bitcoin price manipulation. Like one funny question with all that massive momentum and bullish trend, why didn't bitcoin hit the 100k Mark ? I've seen a couple of persons in the crypto space that argued that bitcoin actually hit the100k mark however that was because they were making use of non popular exchanges.
From my point of view, it's very possible that these big firms and whales didn't want the anticipated 100k ATH to happen this year or probably too soon because I see not much reason why we were close with a couple 100 dollars.
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From my point of view, it's very possible that these big firms and whales didn't want the anticipated 100k ATH to happen this year or probably too soon because I see not much reason why we were close with a couple 100 dollars.
Many people have made many comments about Bitcoin. There are many reasons behind such comments, which have been made before and are still happening. The progress of Bitcoin is progressing naturally, but many people have made many kinds of questions here, such as whether the price of Bitcoin is going up in the same way after Donald Trump won. The cost of Bitcoin exceeded almost $99k, but it could not reach the milestone of 100k. From there, the price of Bitcoin went towards dumping a little, but this dumping is not over; Bitcoin will start rising again from here.
The price of Bitcoin will soon exceed 100k through pumping and dumping. Wait a little while, and you will see that we will see the scene of touching this milestone very soon.
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~ Surprisingly though, some people already claim that we'll go downhill from there after failing to break past $100k, with some people bravely predicting $10k is our next stop. I'm not sure if they're being sarcastic or not since it's hard to tell that from text nowadays, but some people do have that thought based on what I've seen.
Nah, whoever said that $10K must be trolling. I'm confident that they cannot bet their house from that prediction. Yeah, the 90% drop did happen before and they are probably thinking of that but times are different now. Usual attacks like bans, money laundering, or danger to environment won't have as much impact as before.
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Once we get close to a level it becomes easier to reach and therefore we have already reached the $100,000 levels and the market is still far from the major correction indicators so I believe we are in the middle of the bullish cycle.
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Recently, Bitcoin made a historical new ATH at $99,800 but as excited as we are it never made it through the psychological barrier of $100,000. As we know it now, this surge is part of a broader post-election rally, driven by optimism around the incoming Trump administration in January 20 and is generally accepted to be a lot more crypto-friendly compared to the current Biden/Harris regime as symbolized by SEC's Gary Gensler.
One big reason for this failure is the selling pressures as more and more investors decided to make some profits looking at the moment as an opportunity not to be missed...
But then again, we should not worry because Bitcoin has some reserved energy that can catapult it beyond the $100K mark in days to come...we just have to wait for some time to allow some corrections to happen and then BOOM!
Bitcoin just need some time
Bitcoin was worth 37 K USD just 1 year ago, which is more than 150% up in 12 months.
This is just amazing and very fast!
I believe bitcoin will break 100k in 2025, and probably move to 110k, but it just need some time.
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I do not believe the current price action is a correction; rather, it is a retracement that has recently recovered to $97k from $91k.
It is currently forming a bullish flag pattern; once it breaks the flag, I believe it will surge to nearly $99k, and then it will break the new ATH if the retest is successful.
We should see the price hitting $100k next month only if there's no one selling under the supply area. Let's see first how strong the selling pressure is at the resistance area.
Also noticed a heavy liquidation under $100k area, so I think the price will touch a bit at that area, then retracement before going further.
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We should not lose patience at this time, it is certain that the price of Bitcoin will reach 100K dollars very soon. Because those who want to sell Bitcoin will basically want to take quick action for the price of 100K dollars, but those who will sell Bitcoin will basically start being donkeys. So it would be the best thing not to sell Bitcoin at this time, because as soon as the price of Bitcoin reaches 100K dollars, it will quickly reach the root of further improvement. The most record will be Bitcoin moving into a six-digit price for the first time, which I think everyone will celebrate.
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It was for me just a retracement and if Bitcoin's price won't continue to fall $92,813 then it will go up for maybe a new resistance or all time high in the coming days or weeks. The trend is still bullish to me and sooner or later it will cross that $100k mark we are waiting for.
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We know that bitcoin is one of the best valuable crypto in cryptocurrency world. I also believe that gradually bitcoin price will increase day by day. We also saw that's US president donald trump win in election, then bitcoin price is increase rapidly in cryptocurrency market. But in this time, we can see that bitcoin price could not passing in $100k. I think that world war held in this moment, so i believe that it will be major reason for this situation. So i believe that within a short time this problem will solve and bitcoin price Pass to $100k.
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One big reason for this failure is the selling pressures as more and more investors decided to make some profits looking at the moment as an opportunity not to be missed...
Why let the price go over $100k when you can profit with one or more good pullbacks that can trap a lot of weak hands? Those who have the means to manipulate the market do so, and they don't really need billions to do it. How else to explain that a correction occurs because ETFs sold 4600 BTC while at the same time Saylor buys 55 000+ BTC in just one move.
A little psychology and a little manipulation works wonders with such a volatile asset.
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Recently, Bitcoin made a historical new ATH at $99,800 but as excited as we are it never made it through the psychological barrier of $100,000. As we know it now, this surge is part of a broader post-election rally, driven by optimism around the incoming Trump administration in January 20 and is generally accepted to be a lot more crypto-friendly compared to the current Biden/Harris regime as symbolized by SEC's Gary Gensler.
One big reason for this failure is the selling pressures as more and more investors decided to make some profits looking at the moment as an opportunity not to be missed...
But then again, we should not worry because Bitcoin has some reserved energy that can catapult it beyond the $100K mark in days to come...we just have to wait for some time to allow some corrections to happen and then BOOM!
You are right selling pressure was high and as I was speculating it like only the 2k difference is not that big and if a person who wanted to book the profit from the start and was waiting for more high and if that kind of person would be waiting for BTC to touch $100k and then book the profit then that dude must be very greedy because 2k less might give you some less profit but as a whole, their investment is giving them more so most of the community of full of smart ones.
They all booked, and TBH it was expecting, but yeah now BTC is in correction state, and it took a big correction of 8k already, and maybe in future it can drop like 4k more but I don't think it will drop more than that. We still remain cautious in this volatile market so trade with caution as well.
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How else to explain that a correction occurs because ETFs sold 4600 BTC while at the same time Saylor buys 55 000+ BTC in just one move.
A little psychology and a little manipulation works wonders with such a volatile asset.
ETFs look more professional and they know what they're doing, by selling 4600 BTC which made Bitcoin fail to reach $100k this time, the impact was quite big and made the price instantly drop.
But yes this was held back by the purchase of Saylor 55k BTC, but the increase was not significant enough because there were some subsequent declines that occurred afterwards.
This proves that the market psychology is really at play and the retail hold feels the decline will continue to occur and chooses to sell their Bitcoin.
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This proves that the market psychology is really at play and the retail hold feels the decline will continue to occur and chooses to sell their Bitcoin.
If someone had bought over 100 000 BTC in 14 days and paid over $12 billion (https://saylortracker.com/) for it 5+ years ago, that would probably have been news that would have resonated with the media - today, it's bigger news that someone sold 4600 BTC, and that shows how easy it is to manipulate ordinary people.
It seems to me that many just want to play it safe and sell as much as possible as close to $100k in fear that this is the maximum we will go to in this bull run. That doesn't really make sense to me because I think the real bull run has just begun.
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If someone had bought over 100 000 BTC in 14 days and paid over $12 billion (https://saylortracker.com/) for it 5+ years ago, that would probably have been news that would have resonated with the media - today, it's bigger news that someone sold 4600 BTC, and that shows how easy it is to manipulate ordinary people.
It's easy because everyone's attention is currently focused on Bitcoin, so the news that makes bitcoin rise will be increasingly discussed and become a trigger for price increases and vice versa.
In the past, it was not so crowded as it is today because in the past bitcoin was not the top digital asset and was only considered as a worthless coin and was said to be ZERO.
It seems to me that many just want to play it safe and sell as much as possible as close to $100k in fear that this is the maximum we will go to in this bull run. That doesn't really make sense to me because I think the real bull run has just begun.
And those who sell under $100k to play it safe are legitimate, because that's their decision.
But this will eliminate their chances of being able to get a higher price if they don't rebuy when the previous decline occurred.
The real upside is still unassisted, the price corrects to throw away the weak ones and then it will be easier to reach the ATH of $100k and even more.
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Recently, Bitcoin made a historical new ATH at $99,800 but as excited as we are it never made it through the psychological barrier of $100,000. As we know it now, this surge is part of a broader post-election rally, driven by optimism around the incoming Trump administration in January 20 and is generally accepted to be a lot more crypto-friendly compared to the current Biden/Harris regime as symbolized by SEC's Gary Gensler.
One big reason for this failure is the selling pressures as more and more investors decided to make some profits looking at the moment as an opportunity not to be missed...
But then again, we should not worry because Bitcoin has some reserved energy that can catapult it beyond the $100K mark in days to come...we just have to wait for some time to allow some corrections to happen and then BOOM!
Absolutely right, bitcoin is doing exactly what I predicted it will do, I can't find the post at the moment but I did said that Bitcoin wasn't going to just slowly enter $100,000, but it's going to jump past it, but for this to happen, the price will approach $100k with a very close margin to touching it, then we will see a retrace because alot of people are going to try to be the first to sell at $100k or very close to it, so price will drop for some time and stay within $90k to $97, $98k, when next bitcoin is going to experience another sharp rise again (maybe during or after Trump gets sweared in as the president of US), the bitcoin of bitcoin will jump over to around $101k or a bit more, and the bull run will continue from there.
So yeah, great times ahead, hold your bitcoins tight because we are yet to see the best of this season.
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But then again, we should not worry because Bitcoin has some reserved energy that can catapult it beyond the $100K mark in days to come...we just have to wait for some time to allow some corrections to happen and then BOOM!
Yes, and one of these is Trump coming to the White House; the stuck price is not permanent correction i sgoing to happen, and when good news keeps coming, that will be the time that the price will have another upward movement.
The market is good at this point; we just have to be patient, as there will be a lot of breakthroughs coming along the way in 2025. I think we will be better next year.
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This proves that the market psychology is really at play and the retail hold feels the decline will continue to occur and chooses to sell their Bitcoin.
Yes, the market psychology here is very playful, and this tests the feelings and thoughts of many parties. because yesterday it seemed to be raised very quickly so that many people believed that $ 100k would be achieved very quickly. it's just that the market stopped continuing and finally fell to the number that is currently happening, the ups and downs are quite stable at that number. and actually this is pleasing when you see how the market is now, especially for short traders, this gives quite good results. it's just that for long-term investors who have been thinking about $ 100, maybe this is like a market game. but, this is what's really happening. yes, just be patient. especially since this is the beginning of the month which usually will have a new moon, just be patient, it won't take long to wait for a few days or months. because now, the bullrun era is really approaching.
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And those who sell under $100k to play it safe are legitimate, because that's their decision.
But this will eliminate their chances of being able to get a higher price if they don't rebuy when the previous decline occurred.
Sure, it is fine if there are some people who want to sell their Bitcoin now. It is no problem as long as they already get enough profits. However, it is true that they will no longer have the chance to sell above $100k if they already sell all their Bitcoin. When Bitcoin crossed $100k, they may regret their decision.
The real upside is still unassisted, the price corrects to throw away the weak ones and then it will be easier to reach the ATH of $100k and even more.
Yes, it seems we still don't reach the peak of Bitcoin price. The current correction is just a little decline to reach a higher price in the next few weeks.
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As most members here mentioned the main reason is that $100K is a psychological barrier and most investors place sell orders at this point so we have a very strong resistance here that needs some time to break. This can be seen from the following chart:
(https://www.talkimg.com/images/2024/12/02/pQVzN.jpeg)
As you can see in this chart the wall of sell orders is still huge between $99,700 - $100,000 that should be executed soon so that we can surpass $100K, but as you can see this needs a very large amount of liquidity to enter the market so that we can surpass this point.
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Yes, the market psychology here is very playful, and this tests the feelings and thoughts of many parties. because yesterday it seemed to be raised very quickly so that many people believed that $ 100k would be achieved very quickly. it's just that the market stopped continuing and finally fell to the number that is currently happening, the ups and downs are quite stable at that number.
This moment of decline and not yet reaching $100k is just a manipulation carried out by big traders. They are just playing on the psychology of the retail merchant and hope that the retail merchant will sell his holdings before $100k is reached.
This is a favorable scenario for whales, they then pump back so that $100k can be reached, and it is already possible for retailers to guess the FOMO and continue to buy until the ATH price reaches higher.
Yes, it seems we still don't reach the peak of Bitcoin price. The current correction is just a little decline to reach a higher price in the next few weeks.
Hopefully in a few weeks there will be a big increase in reaching ATH.
But we just have to wait for next year and now Bitcoin is still quite strong and had a price of $98k again.
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As most members here mentioned the main reason is that $100K is a psychological barrier and most investors place sell orders at this point so we have a very strong resistance here that needs some time to break. This can be seen from the following chart:
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As you can see in this chart the wall of sell orders is still huge between $99,700 - $100,000 that should be executed soon so that we can surpass $100K, but as you can see this needs a very large amount of liquidity to enter the market so that we can surpass this point.
Yes, and this is something not really that shocking imho on having that $100k to be a psychological barrier and its been proven out with that huge sell wall into that point on where it will really be that hard to break it out and i do remember up those days when bitcoins price is stagnant or failed up on breaking $19K wayback into that previous bull run but it did eventually be able to break
and there was no positive sentiments around that time. It was really just that a pure positive moment on which anyone does have questions on where that price rally came from.
This is why its really that hard to make out some conclusions about having not to break these resistances because sooner or later it will really be having that breakout.
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As most members here mentioned the main reason is that $100K is a psychological barrier and most investors place sell orders at this point so we have a very strong resistance here that needs some time to break. This can be seen from the following chart:
As you can see in this chart the wall of sell orders is still huge between $99,700 - $100,000 that should be executed soon so that we can surpass $100K, but as you can see this needs a very large amount of liquidity to enter the market so that we can surpass this point.
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Thank you for the clear evidence. Everyone says 100K USD is an important price zone for market sentiment, but few can convincingly point that out. I believe many people have taken profits as BTC approached 100K USD, so we may not have BTC above 100K USD for the time being.
However, the correction of BTC is also a good thing as it creates a consolidation zone and good support for BTC's future price increase. It's also an opportunity for many altcoins to recover. We've seen impressive price increases of ADA, XRP, XLM in the past few days.
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One big reason for this failure is the selling pressures as more and more investors decided to make some profits looking at the moment as an opportunity not to be missed...
But then again, we should not worry because Bitcoin has some reserved energy that can catapult it beyond the $100K mark in days to come...we just have to wait for some time to allow some corrections to happen and then BOOM!
It will be so lowly on anyone to think that bitcoin wont be crossing $100K soon. The bullish momentum is still very much valid and it’s just a matter of time before it cross that mark and record another all time high in the market. I am also of the same opinion that it’s just gathering some momentum more that will enable it push fully well to break that resistance level that has been stopping to make a new all time high with the six figure value. It may happen in weeks, or months but I know definitely for sure we are going to have a new all time high again soon. I haven’t seen any signs that this will be the new all time high for this bull run yet, there’s more to this to unfold for us to see in this market soon.
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Thank you for the clear evidence. Everyone says 100K USD is an important price zone for market sentiment, but few can convincingly point that out. I believe many people have taken profits as BTC approached 100K USD, so we may not have BTC above 100K USD for the time being.
However, the correction of BTC is also a good thing as it creates a consolidation zone and good support for BTC's future price increase. It's also an opportunity for many altcoins to recover. We've seen impressive price increases of ADA, XRP, XLM in the past few days.
Thank you
Yes, the BTC correction is also very good because it allows new liquidity to enter the market, if there is a big correction, many large companies and individuals will buy new amounts of Bitcoin, which will lead to the market rebounding again and exceeding $100K soon, I hope.
Also, the Bitcoin correction allowed Altcoin to move, investors who sold at the highest price have now started buying Altcoin, so we have seen a huge growth in some Altcoins like the one you mentioned.
There is especially Ripple XRP, which has achieved amazing growth in the past days, making it rank third in the market, surpassing Solana, the Ripple price is currently $2.7 and I expect it to easily exceed $3
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I also noticed this that the moment bitcoin reached $99,000 it has been stalled within the $90,000 zone, a good example can be found even from todays market analysis and price chart, for now, we may not be able to fully predict about the market or what to expect anytime soon, it may either go bullish or bearish, but at least, for now, we all have the understanding of where its resistance and sentiment is.
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I also noticed this that the moment bitcoin reached $99,000 it has been stalled within the $90,000 zone, a good example can be found even from todays market analysis and price chart, for now, we may not be able to fully predict about the market or what to expect anytime soon, it may either go bullish or bearish, but at least, for now, we all have the understanding of where its resistance and sentiment is.
The market is likely to remain bullish, although it seems that the price of bitcoin has corrected, but I see some altcoins have increased in price. And the possibility of altcoin season is coming soon.
You should add to your altcoin collection because during the bullish season we can take advantage of these coins.
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The market is likely to remain bullish, although it seems that the price of bitcoin has corrected, but I see some altcoins have increased in price. And the possibility of altcoin season is coming soon.
Yep. We are still in the bullish season although crypto market is in a correction phase. As long as it is a normal correction, I don't we must feel so afraid. Bitcoin still has a chance to increase again.
The sign of altcoins season becomes clearer. Most of altcoins have started to move significantly and consistently. Not only trending altcoins and top altcoins, even shitcoins are also starting to increase their prices. I'm optimistic if we are heading altcoins season.
You should add to your altcoin collection because during the bullish season we can take advantage of these coins.
If you have enough altcoins on your wallets, you just need to analyze the potential peak prices of your altcoins. It is not a must to buy more altcoins, it is just optional. Be careful if you have a plan for a new entry, some altcoins prices may already be quite expensive. Avoid to buy at the peak prices!
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Yes, it seems we still don't reach the peak of Bitcoin price. The current correction is just a little decline to reach a higher price in the next few weeks.
And now that Bitcoin has reached its peak, the ATH has only reached up to $104k and then dropped back below the price of $100k and even dropped to $90k in an instant.
This proves that the bitcoin trend is still going on, but then many investors started to withdraw their profits on the price of $100k because their target has already been reached.
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The sign of altcoins season becomes clearer. Most of altcoins have started to move significantly and consistently. Not only trending altcoins and top altcoins, even shitcoins are also starting to increase their prices. I'm optimistic if we are heading altcoins season.
It is very clear, and the Altseason indicator has explained that it is currently in the Altcoin Season.
But this is still the beginning of a few more moves and if Bitcoin remains stable, the altcoin will recover its price quickly, Pack your bags and don't miss out on this altcoin season.