Bitcoin price (BTC USD) today falls to $89,000 — Strategy CEO Phong Lee calms crypto market, says no BTC sales until 2065

Bitcoin price today: Strategy CEO Phong Lee stepped forward on Saturday to steady shaken sentiment after Bitcoin briefly fell below $88,000, a drop triggered by more than $500 million in liquidations on Friday. With weekend volatility intensifying and thinning liquidity amplifying market swings, Lee used a CNBC Power Lunch appearance to directly address growing investor concerns, as per a report.

Strategy CEO Reaffirms Long-Term Bitcoin Holding Plan

Lee said that Strategy, the largest corporate holder of Bitcoin, does not plan to sell its holdings until 2065, unless extraordinary conditions force a change, as per a Coinspeaker report. He explained that the company recently raised capital to add dollar assets to its balance sheet, an effort aimed at easing worries about dividend obligations and margin risk during periods of heightened volatility, as per the report.

Bitcoin Price Today (BTC USD) Stabilizes Near $89,691 as Trading Volume Declines 4%

His remarks appear to have cooled the atmosphere. Bitcoin trading volume has dipped roughly 4%, suggesting that sellers are stepping back as the price steadies near $89,691.


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BTC USD Maintains 18-Month Cup-and-Handle Pattern Despite Pullback

Even as sentiment stabilizes, Bitcoin’s technical setup remains in focus. The cryptocurrency continues to trade within a broader 18-month cup-and-handle base, a structure still considered valid, with the recent handle retracement offering a clean reset for mean reversion.

Key Resistance Ahead: Bitcoin Price USD Must Reclaim $100,308 Bollinger Midline

BTC, however, remains below the Bollinger midline, now the first major resistance at around $100,308, as per the Coinspeaker report.

Bitcoin Price Targets: BTC Eyes $120,000 and $130,000 if Trend Resumes

A move above that midline typically signals a return to trend control and often comes with increased upside volatility. The chart’s measured projection from the cup-and-handle formation points toward roughly $130,000, though Bitcoin would first need to clear resistance near the upper Bollinger band around $120,000.

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Market Odds Show Higher Risk of Drop to $82,000 Than Break Above $100k

Market probabilities currently lean cautious, with a 28.8% chance of BTC rebounding above $100,000 against a 57% likelihood of another move lower toward last month’s $82,000 lows, as per the Coinspeaker report.

Critical Support: Bitcoin Price Failure to Hold $80,755 Could Trigger BTC USD Slide to $70,000

The RSI at 34.6 shows Bitcoin was recently oversold within a larger bullish base; a climb above its 14-period moving average near 36.4 would signal improving momentum.

For the bullish case to remain intact, Bitcoin must hold above the lower Bollinger band at $80,755 and reclaim $100,308 on a daily close.

A sustained volume increase could then support a push toward $120,000. But a decisive close below $80,755 would weaken the continuation pattern and raise the risk of a deeper slide toward $70,000, as per the Coinspeaker report.

FAQs

Is Strategy planning to sell its Bitcoin soon?
No. The company does not plan to sell until 2065 unless extraordinary events force a change.

What is the bullish target if Bitcoin breaks resistance?
The measured projection points toward $130,000.