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  ?

Not too much, but I’ve joined the slow and steady bag builders too 💼✨
Let’s see where life takes us  maybe the dream will come true, 🌙🤞

Hodler exploring web3. Solana airdrop farmer, bitcoin solo miner, Helium network miner, and Medium blogger. 🎭🎭🎭

I’m here to tell you that dreams can come true my friend with a lot of patience ! 🥰❤️