$BTC and the psychological effect of 100K.

With each passing day, BTC gets closer and closer to 100k, but what happens after that?

Well, there are two possible scenarios:

• In the first, countless people who bought at lower prices execute sell orders, forcing a short-term drop not only in BTC, but also in the vast majority of altcoins.

• In the second, countless people are caught up in the euphoria and buy more and more, the media reports the record price and this attracts countless new buyers, forcing the price even higher.

In the midst of all this, what do I think? I think it's safer to wait and see how the market reacts, after all, if it goes up, we'll have time to profit from the rise that doesn't end in a second, on the contrary, it lasts for weeks.

Something that corroborates my view are the countless sell orders present in the 100k range acting as downward pressure. Look at the following graph, 76% of vanda orders are from 100k: