For Now Bitcoin Stalled Below $100K. Why?

[TomPluz]

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!

[joniboini]

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.

[Charles-Tim]

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.

[bitterguy28]

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

[Mia Chloe]

~snip

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.

[JISAN]

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.

[Zed0X]

~ 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.

[hugeblack]

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.

[bitmover]

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.

[BitMaxz]

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.

[Paragon2]

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.

[0t3p0t]

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.

[Azharul]

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.

[Lucius]

~snip~
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.

[Faisal2202]

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.