Bitwise CEO: Bitcoin's Sell-Off Will Halt Once It Reaches $130K–$150K

Bitwise CEO Hunter Horsley suggests that once Bitcoin surpasses $130K-$150K, large holders will prefer borrowing against their assets rather than selling, potentially reducing sell-off pressure and propelling prices higher. Despite some cautionary views like Peter Brandt's warning of a possible 75% drop if a double top pattern triggers a decline, current on-chain data indicates modest profit-taking and support levels around $97.6K, with key resistance at $115.4K. The market's next move depends on whether these support levels hold amid bullish momentum.