Strategy CEO Says No Bitcoin Sale till 2065 Despite BTC Losing $90K Support

Core Insights - Bitcoin has declined below $90,000, with over $500 million in liquidations affecting the market, highlighting the volatility associated with reduced liquidity during U.S. market closures [1][2] - Strategy, the largest corporate holder of Bitcoin, has committed to not selling its Bitcoin until 2065 unless extraordinary circumstances arise, aiming to stabilize market sentiment [2][3] - Current trading volume for Bitcoin has decreased by approximately 4%, indicating a potential stabilization in price around $89,691 [3] Market Analysis - Bitcoin is currently trading within a cup-and-handle pattern formed over the past 18 months, with a price of $89,691 [3] - A sustained move above the middle Bollinger band at approximately $100,308 could signal a return to trend control, with a target price of around $130,000 if initial resistance at $120,000 is cleared [4] - The market win-loss ratio suggests a 28.8% chance of Bitcoin rebounding above $100,000, contrasted with a 57% likelihood of a decline towards last month's lows near $82,000 [4] Technical Indicators - The Relative Strength Index (RSI) is currently at 34.6, indicating that the market was recently oversold within a larger bullish base [4] - For a bullish scenario, Bitcoin must maintain a price above the lower Bollinger band at $80,755 and reclaim $100,308 on a daily basis [5] - Failure to hold above the lower band could lead to a deeper correction towards $70,000 [5]