Saylor's $100M BTC Sale Ignites Bullish Sentiment

Michael Saylor's recent sale of over $100 million in BTC has sparked a bullish outlook for Bitcoin, according to CryptoMichNL. The move is seen as a significant departure from the narrative that Saylor's sales dictate market direction.

Strategy, led by Saylor, has been steadily expanding its BTC reserve over the past six months, adding 840,447 coins while also increasing its USD buffer to $650 million. However, the latest $109 million repurchase of STRC shows that capital allocation remains flexible rather than one-directional.

The recent price action has seen Bitcoin testing the lower Bollinger band support near $64,610.79, with the 50-EMA at $65,461.97 capping upside and the 200-EMA at $63,776.98 providing deeper structural support. The MACD death cross at 127.59 keeps the four-hour trend bearish, while the RSI at 42.12 leaves room for further consolidation before any sustained recovery.