Sense

Why is bitcoin stalled at $100k ? 🤔


When the Bitcoin ETF’s were introduced in 2024 the price shot up rapidly from $45k to $72k. 

The next move was when bitcoin ripped from $72k to $100k where again we have stalled. 

Understand this : Bitcoin’s price does not go up steadily, but instead goes in spurts. 

The majority of selling now is coming from wallets holding between 1k - 10k bitcoin. A $100k bitcoin is a huge psychological barrier to overcome.

If you were a bitcoin early adopter and had been holding 1000 bitcoin for 12 years would you sell at $100k or would you be holding out for $120k ? 

Psychology says that $100k bitcoin is a really nice round number for an early adopter to take profit  ! 

Fixed supply, soaring institutional demand, and a psychological dam at $100K. When that breaks?

$100,000 to $125,000 overnight. Then $150,000 eventually. Maybe $200,000.

The setup is there. The demand is real. And sellers are dwindling. The biggest question is, do you hold enough bitcoin  ?

Here they forgot to mention the most interested in selling Bitcoins, miners. Every day, they mine 450 bitcoins. This is more than 45 million dollars and for them the price of 100k+ looks very attractive. They need to pay for energy costs, salaries of employees, update and repair equipment. They put a lot of pressure on the market and they will never run out.

https://www.instagram.com/marinka.vrn?igsh=NW5mNWt6dWxkYzZr&utm_source=qr

Very true ! Thanks for pointing this out ! 🙏🥰