$BTC The selling pressure of Bitcoin will have disappeared once it crosses the mark of 130,000 dollars, according to Bitwise CEO Hunter Horsley.

"I think that once Bitcoin surpasses, for example, 130,000-150,000 dollars, no one is going to sell their Bitcoin," Horsley said in a post on X on Wednesday.

Galaxy Digital founder Mike Novogratz recently stated that this price range is possible this year, citing strong institutional flows and increasing demand for crypto assets.