Hello fellow traders. Like me, you must also be frustrated that Bitcoin hasn’t been able to hit $100K. Why is it so difficult for Bitcoin to cross this major psychological barrier? Although it’s not impossible and is likely just a matter of time, why are market makers seemingly teasing the public by holding it back? How does this benefit them? Today, we’ll discuss the key reasons why Bitcoin faces resistance every time it rallies toward $100K.
Bitcoin is stuck just under the $100,000 threshold, and this psychological barrier has created a significant “sell wall.” Despite high trading volumes, there aren’t enough new buyers entering the market to absorb the sell orders and push Bitcoin past this milestone. Market participants are waiting for a decisive breakout, but for now, the resistance persists.
High trading volumes might sound like a good thing, but the reality is more complex. Bitcoin’s order books—which track buy and sell orders—are thinner than they used to be. This makes the market more sensitive to trades or sudden news, a phenomenon called “higher price elasticity.”
In simpler terms, even small changes in buying or
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Thank you. Love your insights, great learning!!!