Steve on Farcaster

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https://warpcast.com/~/channel/sense

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Steve pfp

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 pfp

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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Subhan Ahmad pfp

Btc 🔥🔥🔥

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Peter pfp

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Natalia🎩💜 pfp

Natalia🎩💜

@tashacrypt.eth

right now is a really good price to buy bitcoin😊🫶

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Alex45 pfp

Great info Steve! Now Bitcoin is going to be a bit more difficult. Because it has to cost 200k to do x2. Of course this is not the only factor in Bitcoin's growth and it can grow for other reasons.

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Silver Queen pfp

Wow dear that’s some solid insight! 📈💰 The $100K mark really is a psychological wall — let’s see who has the patience to hold! 🧠🔥

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iStΞvΞ 🎩 pfp

Why hasn't ETH reached 3000 yet? 😂

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Ed Chereshnev pfp

I will never have enough $btc 😁

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