Bitcoin Price Rebound: Michael Saylor's Strategy and the Bullish Outlook

Bitcoin's price rebound, Michael Saylor's accumulation strategy, and bullish technical indicators point to a positive long-term outlook for BTC.

Bitcoin's been on a wild ride, but key support levels are holding, and Michael Saylor's still stacking sats. Let's dive into what's driving the Bitcoin price, rebound hopes, and Saylor's unwavering strategy.

Bitcoin Holds Steady: The $118,500 Line in the Sand

Bitcoin recently bounced off its peak near $123,230, finding solid ground around $118,500. This level, once a resistance, has now flipped into a crucial support zone, backed by multiple technical indicators. Buyers are actively defending this turf, suggesting growing demand around the $118,000 mark.

Currently, Bitcoin's trading around $118,835, down a bit in the last 24 hours, but the overall uptrend remains intact. If Bitcoin can hold this support, the next target is to retest that $123,230 high. Break that, and we're looking at potential runs toward $130,000 and $135,000.

Saylor's Stance: Accumulate, Accumulate, Accumulate

Michael Saylor, the Bitcoin bull and MicroStrategy co-founder, continues to be a major influence. His company holds over 628,000 BTC, valued at around $74 billion. Saylor keeps reiterating that steady Bitcoin accumulation is the best long-term wealth strategy.

MicroStrategy's Bitcoin stash has seen a lifetime gain of over 61%, bought at an average cost of about $73,290 per coin. They've been buying the dips, showing a strong belief in Bitcoin's long-term value. On August 11, 2025, Strategy disclosed it bought another 155 Bitcoin for about $18.0 million, at an average price of roughly $116,401 per coin, bringing its holdings to 628,946 BTC acquired for about $46.10 billion at an average cost of $73,288 each. As of August 10, 2025, the company has achieved a BTC Yield of 25.0% YTD.

Technical Signals: Bullish Momentum Building

Technical analysis is also looking positive. Bitcoin recently broke out of a bullish flag pattern, a classic continuation signal. It broke above $118,500 with strong buying volume and held a daily close above it.

The 50-day EMA at $114,140 continues to provide solid support. A confirmed daily close at $120,000 could open the door to targets at $123,250 and $127,000. Keep an eye on that $117,300 level as a key stop-loss point.

Hayes's Moves: A Tactical Repositioning?

Arthur Hayes, the former CEO of BitMEX, recently sold over $13 million in crypto, including Ethereum and Pepe. While this might seem bearish, Hayes maintains his long-term conviction that Bitcoin will hit $100,000. It looks like he's just rebalancing his portfolio, reducing exposure to more volatile altcoins, while remaining bullish on Bitcoin.

The Big Picture: Halving, Demand, and a Potential Rally

With the 2025 halving approaching, Bitcoin supply will tighten, and institutional demand remains strong. This combination, along with Saylor's continued accumulation, sets the stage for a potential rally. Keep an eye on volume patterns and key support levels to gauge sustained momentum.

Final Thoughts: Optimism in the Air

Bitcoin's ability to hold the $118,500 support, Saylor's unwavering accumulation, and positive technical signals all point to a solid foundation for a price bounce. The market's watching closely for the next breakout. So, buckle up, because the Bitcoin ride's far from over!