Strategy CEO no Bitcoin BTC USD sale until 2065: Bitcoin price (BTC USD) today falls to $89,000 — Strategy CEO Phong Lee calms crypto market, says no BTC sales until 2065
Strategy CEO Reaffirms Long-Term Bitcoin Holding Plan
Strategy, the largest institutional owner of Bitcoin, does not plan to sell its holdings until 2065 unless extraordinary circumstances warrant a change, Lee said, according to the Coinspeaker report. The company recently raised capital to add dollar assets to its balance sheet, an effort aimed at alleviating concerns about dividend obligations and margin risk during periods of increased volatility, the report said.
Today Bitcoin Price (BTC USD) Stabilizes Near $89,691 as Trading Volume Drops 4%
His remarks appear to have cooled the atmosphere. Bitcoin trading volume is down roughly 4%, suggesting sellers are stepping back as the price stabilizes around $89,691.
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BTC USD Maintains 18-Month Cup and Handle Pattern Despite Withdrawal
Even as sentiment stabilizes, Bitcoin’s technical structure remains in focus. The cryptocurrency continues to trade within a broader 18-month cup and handle base, a structure that is still considered valid, with the recent handle pullback offering a clean reset for mean reversion.
Key Resistance Ahead: Bitcoin Price Must Reclaim USD 100.308 Bollinger Midline
However, BTC is currently staying below the Bollinger middle line, which is the first major resistance near $100,308, according to the Coinspeaker report.
Bitcoin Price Targets: If the Trend Continues, BTC Eyes $120,000 and $130,000
A move above this middle line typically signals a return to trend control and is often accompanied by increased upside volatility. The chart’s projection, measured from the cup and handle formation, roughly points to $130,000, but Bitcoin must first clear resistance near the upper Bollinger band around $120,000.
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Market Rates Show That The Risk Of A Drop To $82,000 Is Higher Than A Break Above $100K
According to the Coinspeaker report, market prospects are currently cautious; While there is a 28.8% chance that BTC will move above $100,000, there is a 57% chance that it will make another move towards last month’s low of $82,000, according to the Coinspeaker report.
Critical Support: Failure of Bitcoin Price to Hold $80,755 Could Trigger BTC USD Slide to $70,000
The RSI at 34.6 indicates that Bitcoin is oversold on the basis of a larger uptrend in the near future; A move above the 14-period moving average of 36.4 may indicate increased momentum.
For the bullish case to remain intact, Bitcoin needs to stay above the lower Bollinger band at $80,755 and retrace $100,308 at the daily close.
A sustained volume increase could then support a move towards $120,000. However, a firm close below $80,755 would weaken the continuation pattern and increase the risk of a deeper decline towards $70,000, according to the Coinspeaker report.
FAQ
Is the strategy planning to sell its Bitcoin soon?
No. The company doesn’t plan to sell until 2065 unless extraordinary events force a change.
What is the bullish target if Bitcoin breaks resistance?
The measured projection points to $130,000.
