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Steve
@stevebeachy
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 ?
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Grum Reapur
@rumbl.eth
One of my buddies got in when they were like £40, he now lives on a yacht...I ponder whether he's taking profits under this
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Steve
@stevebeachy
He took profits at some point if he’s living on a yacht ! 😁
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