For Now Bitcoin Stalled Below $100K. Why?

[taufik123]

-snip-
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.

[Lucius]

~snip~
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 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.

[taufik123]

If someone had bought over 100 000 BTC in 14 days and paid over $12 billion 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.

[Fivestar4everMVP]

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.

[robelneo]

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.

[sampoerna]

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.

[debra]

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.

[yhiaali3]

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.

[taufik123]

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.

[milewilda]

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.

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.

[KryptoBull]

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.

[Asiska02]

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.

[yhiaali3]

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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

[Aanuoluwatofunmi]

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.

[rizqillah]

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.