Will The $100K Party Happen Soon?

[TomPluz]

Michael Saylor is planning to hold a $100K party come New Year's eve in case Bitcoin will be able to make beyond the psychological barrier of $100K which as of now stands at the $96K zone which is just less than $3K away from the prized goal.

Since December is considered to be a low month for the cryptocurrency industry, there seems to be a big chance that Bitcoin will miss this opportunity to go beyond that level and that we might have to wait until 2025.

I am just wondering what are the most obvious factors why Bitcoin failed to clobbered the $100K prize and what it can take for it to finally succeed soon?

NOTE: Bitcoin just made it to the $100K land as of 12/05/2024 another historic event for all of us!

[bitterguy28]

Michael Saylor is planning to hold a $100K party come New Year's eve in case Bitcoin will be able to make beyond the psychological barrier of $100K which as of now stands at the $96K zone which is just less than $3K away from the prized goal.

it will be a fun party for sure even if bitcoin does not reach $100k yet since you will be spending time and welcoming the new year with like minded individuals of course it would be more fun if bitcoin reaches $100k and those who are in the party can celebrate it altogether i am sure that either way this party will be fruitful for all that will come to it

I am just wondering what are the most obvious factors why Bitcoin failed to clobbered the $100K prize and what it can take for it to finally succeed soon?

all we can do is guess at this point and my guess is that people are trying to sell their holdings to avoid the risk of not being able to sell out during a high price because if bitcoin reaches $100k but you do not end up selling at the right time you might regret it so they are trying to advance it now

[target]

Doesn't that sound like a signal to his friends to sell at $100k?

Its not going to be surprising to see his friends even selling before the price touches the 100k mark. He's going to dump to cover the cost for this party, I could be wrong but to me this sounds like his intention.

But yes 100k milestone party would be fun. He should invite the guys like Buffet and Shciff.

[Charles-Tim]

I am just wondering what are the most obvious factors why Bitcoin failed to clobbered the $100K prize and what it can take for it to finally succeed soon?

More investors are not jumping in for now. But all it takes is time. With time, there would be more investors and also people will add to their investment as well which will push bitcoin above $100000. But the bears will first struggle with the bulls at $100000.

Doesn't that sound like a signal to his friends to sell at $100k?

Not at all.

[KryptoBull]

Michael Saylor is planning to hold a $100K party come New Year's eve in case Bitcoin will be able to make beyond the psychological barrier of $100K which as of now stands at the $96K zone which is just less than $3K away from the prized goal.

Since December is considered to be a low month for the cryptocurrency industry, there seems to be a big chance that Bitcoin will miss this opportunity to go beyond that level and that we might have to wait until 2025.

I am just wondering what are the most obvious factors why Bitcoin failed to clobbered the $100K prize and what it can take for it to finally succeed soon?

100K USD is a significant psychological target for investors, but honestly, I don't expect it to arrive too soon. The best scenario for me is for the BTC price to continue to be held within the 90K-100K USD range. This would drive funds into altcoins and we would have an altseason with double-digit percentage gains per day, similar to what we are seeing on the price charts of XRP, XLM, HBAR, and ADA.

Of course, if BTC can break 100K USD in December, I wouldn't refuse the opportunity to take partial profits on the BTC I'm holding. That's my plan for this season and I will stick to it to protect my capital and investment mindset.

[0t3p0t]

As of the moment there is no confirmation of Bitcoin's price going up because it still going down right now maybe in the coming days, weeks or months we will see a clear sign of it but we still have few weeks before Trump's official take over so maybe if that happen we might see Bitcoin hitting $100k or more.

[taufik123]

As of the moment there is no confirmation of Bitcoin's price going up because it still going down right now maybe in the coming days, weeks or months we will see a clear sign of it but we still have few weeks before Trump's official take over so maybe if that happen we might see Bitcoin hitting $100k or more.

It can be seen that the price is still held until it does not break through $100k, but some FUD also appeared and caused Bitcoin to fall, namely FUD from Korea. Who is in an emergency and are selling some of their digital assets.

Our goal is the same, which is that Bitcoin can cross $100k and even higher, but it takes a process and of course who survives they will win. 

Now we are also waiting for Altseason to arrive and become a moment that is highly anticipated by all altcoin holders, and of course I also have some altcoins that I hold.

[electronicash]

As of the moment there is no confirmation of Bitcoin's price going up because it still going down right now maybe in the coming days, weeks or months we will see a clear sign of it but we still have few weeks before Trump's official take over so maybe if that happen we might see Bitcoin hitting $100k or more.

It can be seen that the price is still held until it does not break through $100k, but some FUD also appeared and caused Bitcoin to fall, namely FUD from Korea. Who is in an emergency and are selling some of their digital assets.

Our goal is the same, which is that Bitcoin can cross $100k and even higher, but it takes a process and of course who survives they will win. 

Now we are also waiting for Altseason to arrive and become a moment that is highly anticipated by all altcoin holders, and of course I also have some altcoins that I hold.

yeah the martial law in South Korea seem chaotic i'm not sure if the people will keep holding their BTC when things like this happens in a country. the sitting party in the country thinks they are losing against the NoKor influence so they declare emergency.

anyway, $100k party will be fun. but with the geopolitical chaos these days i'm having doubts if this $100k will be achieved and the altcoins signaling its season too which means BTC dominance may just slow down/.

[BitMaxz]

I do not think it will reach $100k, but Bitcoin ETF inflows are still positive and rising. The only problem is that the price can not pump; it is gradually declining and touching back to the $93k level.

However, it is still forming a bullish flag, so this is not final. We may see another retest at the $99k level next week. On December 15, I am confident that people will invest their 13th month's pay in BTC.

We may see some good news around that time that will push the BTC price higher and break the $99k level, but if we continue to see FUDs, this could be the start of a bearish season.

[Faisal2202]

Michael Saylor is planning to hold a $100K party come New Year's eve in case Bitcoin will be able to make beyond the psychological barrier of $100K which as of now stands at the $96K zone which is just less than $3K away from the prized goal.

Since December is considered to be a low month for the cryptocurrency industry, there seems to be a big chance that Bitcoin will miss this opportunity to go beyond that level and that we might have to wait until 2025.

I am just wondering what are the most obvious factors why Bitcoin failed to clobbered the $100K prize and what it can take for it to finally succeed soon?

The manipulation was on peak here, I mean the target has been made a big thing like a celebrity which won't happen because everyone is expecting it. But from another POV I think BTC should be considered as it already crossed $100k target. The difference of less then $2k is not that much so we must take it as BTC has touched $100k.

The second reason can be the selling pressure was too high that every investor in when first realize the BTC price is that high they start selling as we all know most of them have their big resistance of $100k but they all keep the resistance few thousands dollars below I am talking about big money players like banks, instituions etc.

They dumped the price at $98k and when it touched $91k and then it now again touched $98k but this time those investors booked who did not booked the first time.

[Aanuoluwatofunmi]

Michael Saylor is planning to hold a $100K party come New Year's eve in case Bitcoin will be able to make beyond the psychological barrier of $100K which as of now stands at the $96K zone which is just less than $3K away from the prized goal.

Since December is considered to be a low month for the cryptocurrency industry, there seems to be a big chance that Bitcoin will miss this opportunity to go beyond that level and that we might have to wait until 2025.

I am just wondering what are the most obvious factors why Bitcoin failed to clobbered the $100K prize and what it can take for it to finally succeed soon?

Closing a market at a rounded figure is what have been a little challenge for some of us investing in bitcoin and waiting to see it crossed to a particular figure, just as we already have it with the bitcoin market price now, only just a little that is remained to make it crossed to $100,000 and yet we are not arriving there, though this is what we should see come to reality anytime sooner or later.

[alltalk]

It can be seen that the price is still held until it does not break through $100k, but some FUD also appeared and caused Bitcoin to fall, namely FUD from Korea. Who is in an emergency and are selling some of their digital assets.

What FUDs? Do you have the links of the FUDs?
So far, the correction on Bitcoin price looks normal. As long as it doesn't drop to $80k again, I think it won't be so difficult to cross $100k. But we must always understand that there is no guarantee for Bitcoin price to reach a certain price.

Our goal is the same, which is that Bitcoin can cross $100k and even higher, but it takes a process and of course who survives they will win.

Of course, everyone expects Bitcoin reaching $100k as quick as possible. However, we don't know when Bitcoin really reaches $100k. There is no way to know this, we only can analyze and predict it. But logically, it shouldn't be a very long time to wait for $100k because it is actually quite close to $100k.

[kulkhan]

I do not think it will reach $100k, but Bitcoin ETF inflows are still positive and risingn. The only problem is that the price can not pump; it is gradually declining and touching back to the $93k level.

However, it is still forming a bullish flag, so this is not final. We may see another retest at the $99k level next week. On December 15, I am confident that people will invest their 13th month's pay in BTC.

We may see some good news around that time that will push the BTC price higher and break the $99k level, but if we continue to see FUDs, this could be the start of a bearish season.

I am also thinking we have to wait more time to see Bitcoin price touch $100k. I think within short time correction for Bitcoin price. But we are seeing Bitcoin price stable above $90k.

Now Bitcoin price near about $95k. Bitcoin ETF inflows are still positive and rising it is also positive. I think if all were ok we will see $100k Bitcoin price within short time. But if Bitcoin correction happen we will not be surprised.

[Baofeng]

I am just wondering what are the most obvious factors why Bitcoin failed to clobbered the $100K prize and what it can take for it to finally succeed soon?

Profits obviously, as there could be some who are waiting for that $100k, but close enough when we had $99,500. So they sold and enjoy the fruits of their holding for many months or even years.

To be able to get over though, there could still be one big news that will push the investors to pour in more money. Or even average joe investors to FOMO. Maybe days leading to Trump before officially sworn in the office, we could see investors being bullish again and finally we get over that 6 digits. So it could be the last week of December and it will coincide with New Year's party celebration.

[bounceback]

I am also thinking we have to wait more time to see Bitcoin price touch $100k. I think within short time correction for Bitcoin price. But we are seeing Bitcoin price stable above $90k.

Now Bitcoin price near about $95k. Bitcoin ETF inflows are still positive and rising it is also positive. I think if all were ok we will see $100k Bitcoin price within short time. But if Bitcoin correction happen we will not be surprised.

Few days later have many important announcement and looking forward how possibility for bitcoin hitting $100k or get drop awhile due bad news from South Korea and Upbit exchange bitcoin price almost drop under $70k last night. I think many aspect have to check firstly before predicting with bitcoin price easily or not hitting to $100k.
I don't know what happen with South Korea but bitcoin get flash dump last night and some altcoin drop drastically, although success get faster recovery but its bad moment to see will bitcoin easily hit $100k or not around several days later.