Because the speed of light is finite, and the universe is only 13.8 billion years old, light from further away than 13.8 billion light-years needs more time than the universe has been around to make it to us, so we can’t see it!
This is very simplified and doesn’t take into account the expansion of the universe. Expansion makes our “observable” universe much larger. But it should give you an idea of what we mean when we say “observable universe”
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