$100k waiting room [status: achieved]

[pawel7777]

image source: https://bitcoinmagazine.com/markets/buy-as-much-bitcoin-as-you-can-before-100k

We're almost there lads. Today we've hit another ATH of $99,014, so less than 1% away from the magic number.
As expected, there's some more resistance here, but hopefully the greed will kick in and sellers will move their orders a bit higher.

With good winds, we might see it breaking past within a few hours or a day, but small correction or some side action before that happening is also fairly possible.

[slaman29]

I have to say yes, resistance, but not even as hard as I thought it would be. There's practically no big retracing happening. 2 days ago 91k and now 99k, usually if you get some strong resistance there's even 10% crumbling of price. This train is coming in hard.

Only big question is.

How are we gonna celebrate?

[Barikui1]

This train is coming in hard.

Only big question is.

How are we gonna celebrate?

That's a very big question that not everyone can boldly answer, because I believe that so many folks out their have missed out in investing in Bitcoin earlier, thinking that the price will retrace to a cheaper price,so that they can buy, but the more they wait, the more the price of Bitcoin keeps on appreciating, and now, they have missed out on the big party the Bitcoin community will be having.

Then as for the 100k target, I think that at this point nothing is stopping it from hitting the the magnificent 100k milestone because more investors are coming into the market, and one of the major thing that brought more investors into the market is because of not just the expected bull run, but also the victory of Donald trump, a crypto friendly leader, and so I believe that it would not stop there, hopefully before February next year, the price might have skyrocket to 120k if it continues with the same pace as it is now.

[Tytanowy Janusz]

How could breaking 100k look like:

Even Jessie Livermore talked about how he liked to play breakouts of key psychological levels (f.e $100 on stocks). He wrote in his book that after breaking $100, price never stops at $101. Investors and media getting hyped about it and we see a push up to at least $110-130.

$100,000 for Bitcoin is a key psychological price point. I remember in 2017 it was in all the newspaper headlines as Bitcoin's next target when it was breaking $10-20k levels. But we had to wait 7 years for it to happen.

And since playing psychological level breakouts was written about in books 95 years ago, we'll probably see a lot of profit-taking from short term traders.

Back to 2017 - let's look at how the $10,000 breakout looked like. Here's the hourly chart from that moment:



The price was slowly approaching 9.9k (same thing now). It stayed at 9.9k for a day (same thing now), and when it started to move, it moved hard hitting 11.2k in just 12 hours (+12%). Then there was a strong 24% dump down to 8.5k (profit-taking by those who played the breakout), and in just 3 days we hit a new ATH.

I think we might see something similar now.

In 2017, we were at 17k just 4 days later but I don't expect +70% in just a week in 2024 at marketcap higher than silver.

[Cryptmuster]

True, on expectations the price can easily rise to the coveted 100,000. Long-term holders are starting to sell, but with such active growth, it would be logical to raise orders higher. There are many who do not believe in round numbers, and there are also those who do not believe that Bitcoin will be allowed to reach 100k, but it seems to me that this goal is becoming more than achievable and it may happen by the end of the week. In any case, it is only a matter of time.

[TheUltraElite]

I got into bitcoin when its price was 600-700$/BTC and seeing it cross 10k USD back in 2017 made my day back then. Now 7 years down the line bitcoin is about to break 100k USD and this is indeed going to be a historic moment.

Once it is touched, a lot of selling will happen but I am sure we will cross and move forward from that price too. Celebrate or not, this type of movement in a speculative market indeed makes the news swell up which on the other hand dont seem to be making that much of a buzz.

[Dave1]

I got into bitcoin when its price was 600-700$/BTC and seeing it cross 10k USD back in 2017 made my day back then. Now 7 years down the line bitcoin is about to break 100k USD and this is indeed going to be a historic moment.

Once it is touched, a lot of selling will happen but I am sure we will cross and move forward from that price too. Celebrate or not, this type of movement in a speculative market indeed makes the news swell up which on the other hand dont seem to be making that much of a buzz.

Yeah, same here, I was into the Bitcoin sweepstakes in 2017, and we never thought that I will still be in the market after 7 years and witnesses several bull and bear market. But this one could be the especially one this is the first time that we will see $100k.

Latest ATH is $99,500, so we did almost touch, but still no dice.

But still I wouldn't be surprised that in the next 48 hours, we will finally break that $100k. Social media is abuzz, even my wife is asking me what's going with with Bitcoin as it had appeared in her social media. And I just said, it's ATH honey,  .

[Dr.Bitcoin_Strange]

I can imagine the joy of holder now that price is almost at $100k. New investors that took the risk of buying at $80k - $90k will be very much happy for the amount of profit they already have.

On trading view the price created a new resistant level at $99, 408 and if it go past it, we will see the price get to $101k. See us at $110k.

[fuguebtc]

Although Bitcoin has not yet reached $100k and there is no confirmation from exchanges yet, it is safe to say that we will reach this target as the gap is not significant.
But one interesting piece of news I just read is that theBitcoin futures traded on the Chicago Mercantile Exchange (CME) crossed the $100k earlier today. So I think BTC natively will hit $100k today or tomorrow, we don't have to wait until the end of the month or the end of the year even if there is a correction.
Also , I am wondering if Bitcoin will continue to grow or will it be correct because I think there will be a lot of sellers when the price hits $100k .

https://bitcoinworld.co.in/bitcoin-cme-futures-surpass-100k/

[Ricardo11]

Really everyone is waiting for $100K now, Bitcoin was very close to $100K today, and with a little pumping it would have crossed $100K, anyway it will happen anytime, we are going to achieve the milestone of $100K very soon, actually right now the bulls are resting for a while, after a while the bulls will start running again. And will cross $100K. Congratulations to everyone in advance for the $100K profit. Keep holding, after crossing $100K, we have to start planning the $1m party...      Cheers.

[ajiz138]

I got into bitcoin when its price was 600-700$/BTC and seeing it cross 10k USD back in 2017 made my day back then. Now 7 years down the line bitcoin is about to break 100k USD and this is indeed going to be a historic moment.

Once it is touched, a lot of selling will happen but I am sure we will cross and move forward from that price too. Celebrate or not, this type of movement in a speculative market indeed makes the news swell up which on the other hand dont seem to be making that much of a buzz.

Can't imagine buying bitcoin when it was $700/BTC and still keeping it now, it would have been a strong one but we would never have realized that bitcoin could go to $100K.
Seeing the price to $19000 at that time we were really happy with history not to mention in 2021 bitcoin went crazy again and now it happens again in every cycle where bitcoin is almost $100K less than 1%.

As many have targeted a sell-off at $100K this has been targeted by them before but I hope the price stays strong in that area so that when the selling pressure starts to loosen bitcoin can go up again.

I will just celebrate $100K as usual but will wait a little longer to HODL.

[Silberman]

I got into bitcoin when its price was 600-700$/BTC and seeing it cross 10k USD back in 2017 made my day back then. Now 7 years down the line bitcoin is about to break 100k USD and this is indeed going to be a historic moment.

Once it is touched, a lot of selling will happen but I am sure we will cross and move forward from that price too. Celebrate or not, this type of movement in a speculative market indeed makes the news swell up which on the other hand dont seem to be making that much of a buzz.

Can't imagine buying bitcoin when it was $700/BTC and still keeping it now, it would have been a strong one but we would never have realized that bitcoin could go to $100K.
Seeing the price to $19000 at that time we were really happy with history not to mention in 2021 bitcoin went crazy again and now it happens again in every cycle where bitcoin is almost $100K less than 1%.

As many have targeted a sell-off at $100K this has been targeted by them before but I hope the price stays strong in that area so that when the selling pressure starts to loosen bitcoin can go up again.

I will just celebrate $100K as usual but will wait a little longer to HODL.

I became part of this market at a time in which bitcoin was roughly worth that much, and if the amount that you bought at the time was not high then to keep holding it until these days would not be that hard since you would not be tempted to sell, however if the amount invested in bitcoin was high then resisting the temptation to sell until now would have proved way more difficult, as an investment of 10k would be worth 1.42 millions, and we know this is not really the end of this bull run so that amount could go way higher.

[ndutndut]

Really everyone is waiting for $100K now, Bitcoin was very close to $100K today, and with a little pumping it would have crossed $100K, anyway it will happen anytime, we are going to achieve the milestone of $100K very soon, actually right now the bulls are resting for a while, after a while the bulls will start running again. And will cross $100K. Congratulations to everyone in advance for the $100K profit. Keep holding, after crossing $100K, we have to start planning the $1m party...      Cheers.

Bitcoin in November this year has certainly been an unforgettable month, a month that keeps us smiling. As Bitcoin is on a very impressive journey, even breaking records with a surprising surge of 40%, many of them are profiting from the price surge this month.

We are almost reaching the $100K mark, just a little bit more. Maybe in the next few days we will reach it considering that the price of bitcoin is still very strong at $98k and
The stablecoin flow that has reached this surprising number also shows the strength of market confidence this month.
In addition, Bitcoin is an asset as a hedge against inflation, it is not surprising that investors are optimistic that bitcoin will continue to soar until the end of the year. Even if there is a slight market correction lurking, it is only a good correction before the price of bitcoin gets higher.

[pawel7777]

(...)
The price was slowly approaching 9.9k (same thing now). It stayed at 9.9k for a day (same thing now), and when it started to move, it moved hard hitting 11.2k in just 12 hours (+12%). Then there was a strong 24% dump down to 8.5k (profit-taking by those who played the breakout), and in just 3 days we hit a new ATH.

I think we might see something similar now.

I sure hope so. That'd be in line with most of the predictions that I've seen from different trading analysts. Straight up to ~$110k regions, then down, than back up again.

For a moment it looked like we might have had a correction when the price dipped to a lower $97k earlier today, but we're back up to above $99k as of now, so back to knocking at the $100k.

[GeorgeJohn]

The fast approach of bitcoin this time is unbelievable, I know quite well that bitcoin price is getting appreciating this period, and it's unbelievable to the haters of bitcoin that bitcoin will suddenly reached ninety nine thousand within short time, so I believe that the price of bitcoin may get to hundred thousand from now and tomorrow and we will be waiting for another face of bitcoin increase in next year, it's not longer surprising of the recent increment, expectations of people is about to come to accomplish.

I have to say yes, resistance, but not even as hard as I thought it would be. There's practically no big retracing happening. 2 days ago 91k and now 99k, usually if you get some strong resistance there's even 10% crumbling of price. This train is coming in hard.

Only big question is.

How are we gonna celebrate?

The price has been retraced when the price got to ninety-three thousands [93k] and I believe that it hit ninety-three and scrambled to ninety thousand [90k] that makes it to be that effective to rebounced to this point, so immediately the price hit hundreds thousand, it will call for celebration, most especially people that hold bitcoin bitcoin in large amounts, will be in positive side.

[Zaguru12]

In 2017, we were at 17k just 4 days later but I don't expect +70% in just a week in 2024 at marketcap higher than silver.

I wouldn’t rule anything out at the moment. I was as of the start of the year saying bitcoin would hardly have a 20% movement in a single month due to my belief that bitcoin volatility is reducing drastically and the price doesn’t pumps or dumps like in the last halving period and even more insisted that from each bull run now bitcoin can only move up like 3x alone only to be hit by a 50% upward movement in the last one month now. Should December be supper bullish as November we might see the +70% but it is not realistic now

For a moment it looked like we might have had a correction when the price dipped to a lower $97k earlier today, but we're back up to above $99k as of now, so back to knocking at the $100k.

Yes immediately bitcoin broke the base support of $98k which It has held for a day now to the $97,400 region I thought we will be heading down to the bottom a bit to like $93k which has been a very strong support for bitcoin Price over the week. But with the bounce off the support and the movement back to $99k I think we will be heading to the six figures before the week ends

[shinratensei_]

Also , I am wondering if Bitcoin will continue to grow or will it be correct because I think there will be a lot of sellers when the price hits $100k .

there might be a big retracement after hitting $100k though I think, can't deny that there will be a lot of seller, with all the currently brewing news like MSTR stocks dropping and Citron shorting on MSTR which supposedly can help with their massive BTC buyings as we call it the big financial institutions buys.

but whatever the outcome will be I'll be ready to just DCA if prices went below $80k somehow, I think even in the next bearish season BTC couldn't go below $70k, but well see.

[LogitechMouse]

---
Only big question is.

How are we gonna celebrate?

Hmmm, I'm also thinking of that as well.
Maybe some established members here will create a thread on Meta celebrating the new achievement of Bitcoin? Or we might see theymos creating one.

Like what you said, I expect $100,000 as a psychological resistance as well and there might be many sellers out there who already put their positions at that price hence, it might push the price below it before reaching it. On the flip side, I don't think that it will last long because after all, we are in a bull run and what we are seeing are a constant higher low being created towards Bitcoin and some altcoins as well.

I also put a selling position on the $100,000 price already. IIRC, I'm selling around 20% of my total Bitcoins that I'm holding at that price. I still remember the time when I joined the crypto space way back 2017 when the price of it was around $2000. Now it's at near $100,000 already. A 50x return in just 7 years. What kind of asset class can give that huge of a return in just a short span of time? Stock Market on average give only 7-8% annually depending on the situation. TBH, I have some regrets right now because I also put some funds on the Stock Market and saying to myself "what if I withdrew it all and instead invested on Bitcoin?" 

[passwordnow]

We're almost there lads. Today we've hit another ATH of $99,014, so less than 1% away from the magic number.
As expected, there's some more resistance here, but hopefully the greed will kick in and sellers will move their orders a bit higher.

With good winds, we might see it breaking past within a few hours or a day, but small correction or some side action before that happening is also fairly possible.

I'd expect until next week that we might see $100k. We're about to get on head with the weekend and mostly, people don't go in the market at that time. But well, I hope that I am wrong since it's just an assumption and speculation to the market. We're all waiting but if someone is waiting for $100k, $99k is already a good stop if you are up for selling. I haven't done yet but I am about to do it, my mind is boggling and out of excitement that the price has gone tremendously in a short period of time for this year.

[jcojci]

It is almost reach $100,000 but it will go to that price soon. No need to worry and it is better to prepare yourself to see that moment and sell your Bitcoin if your target price is at that price. Greed will be on them so that can lift the price slowly or face but before we see that price, we need to hold on as the correction already comes. Maybe in the next week the price will continue increase and break $100,000 so that will be a happy moment for Bitcoin holder. Besides that, we are in the end of this month so in the next month, we may see the new ATH for more and use that time to sell your Bitcoin if you want.