Bitcoin Sell Pressure Expected to Ease Once $130,000 Mark Reached

Bitwise CEO Hunter Horsely believes that Bitcoin’s price will experience a decrease in sell pressure once it surpasses the $130,000 mark per coin. He attributes this to investors who bought BTC at lower prices and are now looking for a strategic exit point around the psychological $100K level. The Bitwise CEO predicts this pressure from early investors will subside after Bitcoin breaks through these resistance levels.