Bitcoin Sell Pressure to Vanish Above $130K, Says Bitwise CEO

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Bitcoin is showing signs of strong resilience as it trades just below its all-time high, and according to Bitwise CEO Hunter Horsley, the ongoing sell pressure may soon disappear entirely. Horsley believes that once BTC crosses the $130,000 to $150,000 range, investors will stop selling altogether, ushering in a new phase of price discovery. “I think once Bitcoin breaks through, e.g., $130-150k, no one is going to sell their Bitcoin,” Horsley said in a recent X post. At the time of writing, BTC ...