Will The $100K Party Happen Soon?

[target]

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.

It could not happen until it does. My speculation is that the message is sent to his fellow whales to sell at $100k price  which price could dip to 85k. This will retrace back up to surpass 100k by February to hit 100k in time for Sailor's B-day 🎂 Yep I come up with that theory lol

FOMO is here though because big institutions are buying BTC to ride the pump of Trump's Bitcoin Reserve. Even altcoins are like pumping randomly.

Altcoins are pumping though.

[LogitechMouse]

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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?

I really thought that it would reach that $100,000 this year, but when I saw the huge selling pressure on Binance back when we're only hundreds to a thousand dollars left before reaching it, I realized that many already positioned themselves to sell at that price.

It isn't there anymore, but I saw that there's a whopping 900+ BTC being positioned and just waiting to be sold at $100,000. Many are positioning themselves to sell at that price, and that's one reason why we failed to see Bitcoin reaching $100,000 when we are near to it already. Still, my prediction stands that we will see Bitcoin reaching $100,000 next year at the peak of the bull run (if there's a peak still. As for the factor that would help Bitcoin surpass that price, I believe new money would be helpful. I mean new investors; new set of money being invested into Bitcoin. That's one factor that I think.

[Mia Chloe]

Sometimes I actually settle for the school of thought this these are actually manipulative actions by these big firms. Yes we agree that bitcoin is decentralised but like I've raised the discussion before, I think relatively share of power is definitely a possible flaw of decentralisation.  Take the recent US election for example , Trump actually knew exactly what would happen if he won and how price would turn out.

At the point, we may only seem to be floating a couple thousand dollars away from hitting $100k but it's just a matter of one big firm buying another huge chunk of bitcoin.

[Vx1]

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.

The current Bitcoin price drop is like a preparation to fly higher, I believe it is because Donald Trump will be inaugurated next year. Now the Bitcoin price is at $96k and less than four thousand to reach $100k, that hope is there because we all know that Donald Trump has full support for Bitcoin and Cryptocurreny.

[vegasus]

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.

The current Bitcoin price drop is like a preparation to fly higher, I believe it is because Donald Trump will be inaugurated next year. Now the Bitcoin price is at $96k and less than four thousand to reach $100k, that hope is there because we all know that Donald Trump has full support for Bitcoin and Cryptocurreny.

Yes, whenever it is, we believe that the price of BTC will touch $100k and above. And it doesn't matter whether it will happen this month or next year. What is certain is that the price of BTC can be more than $100k. We are still patient enough to wait for it until next year, as we have been through for years.

If we look at the current market conditions, the price of BTC does seem quite sideays at between $94k-$98k, only today, the Bitcoin market seems to be slightly higher, even passing $99k again. The point is, sooner or later $100k will definitely be achieved.

[enwi]

Finally after a few days of fluctuations, Bitcoin has reached $100k and it seems that buyers are extremely confident and more people in the world are using cryptocurrencies. This is a reminder for us to be vigilant as we watch the development of this asset and look at the possibilities and the dangers that face. This success also presents new possibilities for rational examination of strategies to investors.

[satpol_PP]

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.

The current Bitcoin price drop is like a preparation to fly higher, I believe it is because Donald Trump will be inaugurated next year. Now the Bitcoin price is at $96k and less than four thousand to reach $100k, that hope is there because we all know that Donald Trump has full support for Bitcoin and Cryptocurreny.

Yes, whenever it is, we believe that the price of BTC will touch $100k and above. And it doesn't matter whether it will happen this month or next year. What is certain is that the price of BTC can be more than $100k. We are still patient enough to wait for it until next year, as we have been through for years.

If we look at the current market conditions, the price of BTC does seem quite sideays at between $94k-$98k, only today, the Bitcoin market seems to be slightly higher, even passing $99k again. The point is, sooner or later $100k will definitely be achieved.

Bitcin has touched $103K today, so it won't be until next year that we see bitcoin hitting ATH $103K and many altcoins seem to be falling because maybe investors are focusing on raising bitcoin price to reach more than $100K.
It's better to observe the top altcoins to buy right now because we might see a correction, after bitcoin hits new ATh.

[Azharul]

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?

I think that you could express a best opinion in your post. But if you also saw in cryptocurrency market, you could saw that bitcoin price is already up to $103k in this moment. I also believe that gradually bitcoin price is increase day by day. So if we want to stop investment in bitcoin, then i believe that it shouldn’t be correct decision for us. Because i believe that gradually bitcoin price is increase to $150k. Because i think that donald trump also support in bitcoin, so if bitcoin investors could hold bitcoin then it will be correct decision in cryptocurrency market. 

[Bobcrypto]

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!

I will be happy if Michael Saylor send me a personal invitation to celebrate this great Bitcoin milestone. He is very positive about Btc, and love people who are very positive in live, determined to succeed.
As you see, we are no longer going to wait until 2025 for this great achievement, it is already happing, Bitcoin has blast past $100k mark today. This is great a joy and excitement all over the crypto community and it deserves to be celebrated even with Michael Saylor who has been one of the biggest Bitcoin believer.
Moreover, I think that Michael Saylor may become the richest crypto billionaires in the future.

[ABCbits]

It happened only 2 days after OP creating this thread. Upcoming SEC chair is definitely the main reason here. Now we'll wait to see scale of Michael Saylor's party and who'll be invited.

[MUGNIA]

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

the expected target of 100k$ should have been sold if their target was 100k$ but, after reaching the target it was increased to 150k$, is this what is called greed?
sometimes greed is what makes humans lose
but if you are sure you will reach 150k$ it's okay not to let go of the BTC you currently have or even keep it longer

[target]

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

the expected target of 100k$ should have been sold if their target was 100k$ but, after reaching the target it was increased to 150k$, is this what is called greed?
sometimes greed is what makes humans lose
but if you are sure you will reach 150k$ it's okay not to let go of the BTC you currently have or even keep it longer

So my suspicions are wrong after all. I guess Saylor and friends tend to keep the momentum up until bears.

If those people from Swan Bitcoin are right about the market and governments will keep buying Bitcoin, it would be right to keep watching the price goes up. 150k it is.

[rachael9385]

I think the party is deserving. Wow everyone taught Bitcoin was a joke even myself I'm just amazed and speechless on how a crypto currency could be paying this much this is a motivation to doubters. Honestly if I was to know about Bitcoin when if first came out I won't be interested in it or if I had by now I would have sold them all but there were faithful HODLERS my big congratulations goes to them.

[taufik123]

-snip-
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.

It has reached now and could break through to $104k, but then it drops again with strong selling pressure.
We already know a lot of people who have already taken their profits when bitcoin's ATH exceeds $100k.

Now it is only necessary to wait at which price bitcoin will stabilize and the Altseason will also begin,
it is still quite early and we will see a bigger one.