What Next for Bitcoin (BTC) Prices? Traders Target $50,000 as Billions in Selling Pressure Looms

“Bitcoin selling pressure is unlikely to decrease in the coming days,” said Rachel Lin, founder at on-chain crypto exchange SynFutures, in an interview. “The German government still has over $2.3 billion worth of Bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion.