Bitwise CIO says hopes for new BTC high by year-end remain

Bitwise Chief Investment Officer (CIO) Matt Hougan predicted in an interview with CNBC that selling pressure from retail investors is nearly exhausted and that Bitcoin is likely to form a bottom soon. He noted that institutional interest remains high and inflows into ETFs are continuing. Hougan added that it is still possible for BTC to reach between $125,000 and $130,000 by the end of this year, though it remains to be seen whether it can surpass $150,000.