Yeah, you're right. We are still in November but the price already reached $93k. I believe most people are looking forward to $100k price so maybe the whales are selling at $98k to $99k, so for me that's the ideal price to sell some of your funds. We can relate what happened to DOGE in the last bull run.
I don't know about you, but in my opinion, once we reach the psychological threshold of $100,000, we will have many sales to make a fair take profit
I see it this way, unfortunately; maybe I'm wrong and this will never happen
Do any of you think like me or am I the only one who thinks this?
You are talking about selling pressure at $100k, but we do not know if the price of BTC will touch this price since we are influenced by people who predict the price before their estimated price is $100k or $130k. Since people think about it, they will keep holding those coins until the price touches that level.
Influencers, news, or any other fundamental affects people's minds, and they emulate what other professional traders do despite the fact that they are only influencers.
So investors or large trading companies will take advantage of this opportunity, and while jeraldskie11 may be correct that it will not reach the $100k level, I believe whales will take advantage of this opportunity to sell at that price in order to manipulate the price slightly. If they are successful and selling pressure surges, expect a bearish season.