Bitcoin: Saylor $100M Sale Fuels Bullish Outlook

Bitcoin climbed after Michael Saylor offloaded more than $100M in BTC last week, proving his trades no longer dictate direction. CryptoMichNL called the move a bullish trigger because the narrative linking Saylor sales to market weakness lost credibility once prices advanced anyway.

Over the past six months Strategy has steadily expanded its BTC reserve to 840447 coins while adding a $650M USD buffer, yet the latest $109M STRC repurchase shows capital allocation remains flexible rather than one-directional. Traders now treat Saylor activity as noise instead of signal.

Price sits at $64388.71 testing the lower Bollinger band support near $64610.79 while the 50-EMA at $64561.97 caps upside and the 200-EMA at $63776.98 provides deeper structural support; the MACD death cross at 127.59 keeps the four-hour trend bearish and RSI at 42.12 leaves room for further consolidation before any sustained recovery.