Bitcoin selling will “peter off” once Bitcoin’s price moves above $130,000, says a crypto executive.
Bitcoin sell pressure will have evaporated once it crosses the $130,000 mark, according to Bitwise CEO Hunter Horsley.
“I think once Bitcoin breaks through, e.g., $130-150k, no one is going to sell their Bitcoin,” Bitwise CEO Hunter Horsley said in an X post on Wednesday.
Galaxy Digital founder Mike Novogratz recently said the price range is possible this year, citing strong institutional flows and growing demand for digital assets.
