Veteran trader and market expert Peter Brandt has sparked discussions in the crypto market by predicting potential selling pressure for Bitcoin 
$96,749 in the coming days. This statement comes as BTC approaches the $100,000 mark, reflecting traditional market confidence. While Brandt expresses a cautious outlook, he maintains optimism regarding Bitcoin’s future trajectory.
Possible Selling Pressure on Bitcoin
As Bitcoin continues to near the $100,000 level, some traders are acting cautiously, anticipating potential selling pressure. During this price surge, certain investors may consider selling their crypto to realize profits. Many experts point to the possibility of a pullback during this bullish market.
In a recent X (formerly Twitter) post, Peter Brandt noted the “possibility” of bulls selling their BTC as it approaches the $100,000 mark. He articulated that selling pressure could arise if investors attempt to re-enter the Bitcoin market at lower prices post-sale, emphasizing this scenario could help investors secure greater profits.
“Despite investors expecting a correction, I believe such a correction will not occur. Bitcoin’s potential is very high,”
Brandt highlighted the cryptocurrency‘s potential and forecasted that Bitcoin could rise to $120,000, asserting that the likelihood of a price drop is low.
Opinions from Other Experts
Following Brandt’s comments, other experts have also noted the potential for selling pressure on Bitcoin. Crypto market specialist Crypto Rover indicated that a “significant selling wall” would form when Bitcoin reaches the $100,000 target. He suggested this situation could temporarily diminish investor interest in Bitcoin.
Ali Martinez expressed concerns that Bitcoin might face $1.89 billion in liquidations when it hits the $100,625 level. However, he maintains confidence in Bitcoin’s long-term performance, predicting the price could range between $173,000 and $461,000 by 2025.
Currently, Bitcoin’s price shows a slight decline, trading at $98,614, with a 24-hour peak recorded at $99,655. Derivative data provided by CoinGlass indicates a roughly 2% decrease in BTC Futures Open Interest, suggesting that investors have paused after the recent rally.
