Bitcoin Price Prediction: Will the $60,000 Support Hold as Strategy Defies the Great Corporate Sell-Off?
Bitcoin faces a pivotal moment as a technical channel breakdown threatens the $60,000 support floor. While smaller corporate treasuries...
Quick overview
- Bitcoin is facing a critical moment as it approaches the $60,000 support level amid a technical channel breakdown.
- Strategy has made its 100th Bitcoin acquisition, bringing its total holdings to 717,722 BTC, while smaller corporate treasuries are selling off their assets.
- Metaplanet's CEO defends the company's options strategy against criticism, emphasizing a long-term growth approach rather than speculative trading.
- Current market conditions show a mix of selling from smaller firms and stability among major holders, with analysts suggesting that recent sell-offs could pave the way for future gains.
Bitcoin faces a pivotal moment as a technical channel breakdown threatens the $60,000 support floor. While smaller corporate treasuries offload holdings amid macroeconomic shifts and U.S. tariff concerns, “Strategy” has doubled down with its 100th BTC acquisition, bringing its total to 717,722 coins.
Meanwhile, Metaplanet’s CEO is firing back at critics, defending a sophisticated options strategy designed to weather this high-stakes volatility.
Strategy Acquires More Bitcoin in Its 100th BTC Purchase
Strategy has purchased an additional 592 Bitcoin investing approximately $40 million in what marks its 100th BTC gaining since shifting to a Bitcoin-centered treasury strategy in 2020. With this latest buy the company now holds a total of 717,722 BTC solidifying its position as the largest publicly traded corporate holder of Bitcoin globally.
The recent acquisition was completed at an average price of $67,286 per BTC and was financed through the sale of company shares. Strategy has consistently relied on this approach to expand its Bitcoin reserves without assuming significant debt.
Importantly the company continues storing BTC even as the current market price remains below its average purchase cost indicating a strong long-term outlook rather than concern over short-term price fluctuations. This consistent buying stands in contrast to the recent selling activity seen among smaller corporate treasuries underscoring Strategy’s confidence during market downturns.
LATEST: 💰 Strategy made its 100th Bitcoin purchase, buying 592 BTC for for $40 million at an average cost of $67,286. pic.twitter.com/RFh3QgEYuD
— CoinMarketCap (@CoinMarketCap) February 23, 2026
Michael Saylor has repeatedly described Bitcoin as a long-term strategic asset highlighting that volatility presents opportunity rather than risk. Strategy’s ongoing accumulation reinforces institutional trust in Bitcoin and supports the view that current price weakness could lead future gains.
How Metaplanet’s CEO Responded to Criticism of Its Bitcoin Strategy
Metaplanet CEO Simon Gerovich has addressed anonymous online claims targeting the company’s Bitcoin gaining and options strategy. He firmly denied claims that the firm lacks transparency or is speculating on Bitcoin’s price movements. Gerovich explained that over the past six months Metaplanet has steadily increased its Bitcoin holdings while using put options to reduce the overall cost basis of its purchases. He emphasized that this method is not a directional price bet, but a structured and risk-managed approach to long-term growth.
WE'RE EXCITED TO ANNOUNCE CEO OF METAPLANET SIMON GEROVICH AS A BITCOIN 2026 SPEAKER 🚀
“#Bitcoin is the apex monetary asset of the world.” 🙌 pic.twitter.com/6VAmNVU8o1
— The Bitcoin Conference (@TheBitcoinConf) February 23, 2026
Critics alleged that the company bought Bitcoin near a projected 2025 market high and failed to clearly disclose details about its options activity. Additional concerns were raised about borrowing practices and the valuation of Metaplanet’s legacy hotel business. In response Gerovich highlighted the company’s focus on shareholder alignment, transparency and long-term vision arguing that volatility is being used strategically rather than viewed as a risk.
Bitcoin Treasuries Sell as BTC Hovers Around $66K
Bitcoin is currently trading close to $66,000 while several corporate Bitcoin treasury firms have been offloading portions of their holdings for the third consecutive week an common development. The analysts warn that this wave of selling could lead to additional short-term price pressure if fresh buyers fail to enter the market.
That said majority of major Bitcoin holders are maintaining their positions. The selling activity is largely coming from smaller firms some of which are cutting risk exposure or revising their investment strategies. This suggests localized strain rather than widespread panic across the broader market.
Experts also highlight macroeconomic uncertainty, including newly introduced U.S. tariff policies and ongoing outflows from U.S. Bitcoin ETFs both of which have dampened demand in the near term.
WE'RE EXCITED TO ANNOUNCE CEO OF METAPLANET SIMON GEROVICH AS A BITCOIN 2026 SPEAKER 🚀
“#Bitcoin is the apex monetary asset of the world.” 🙌 pic.twitter.com/6VAmNVU8o1
— The Bitcoin Conference (@TheBitcoinConf) February 23, 2026
Even with this analysts believe the pullback may ultimately be constructive for Bitcoin. The current selling could eliminate excessive leverage and shake out weaker participants allowing BTC to establish a firmer foundation for its next upward move. Historically similar market “flushes” have often preceded long-term recoveries rather than marked the conclusion of a cycle.
Bitcoin Price Prediction: Will $60,000 Support Hold After Channel Breakdown?
Bitcoin on the 4-hour chart is trading near $63,100 after extending its decline within a well-defined descending channel. Price recently rejected the 0.236 Fibonacci level at $67,186 and has now moved back toward the lower boundary of the channel, signaling persistent downside pressure.
The broader retracement structure shows BTC reacting to key Fibonacci levels drawn from the $98,694 high to the $60,003 low. Resistance is clearly layered at $67,186, $71,653 (0.382), and $75,238 (0.5), while $78,801 (0.618) remains the major upside barrier.
Candlestick structure reflects lower highs and weak recovery attempts, with recent small-bodied candles forming beneath the 50 and 200 moving averages, both trending downward. This alignment confirms short-term bearish momentum. The channel breakdown suggests sellers remain in control unless price reclaims $67,000 decisively.
Immediate support sits at $60,003, followed by $56,620 and $53,242. A clean break below $60,000 would expose deeper retracement levels.
Trade idea: Watch for rejection near $67,000 to target $56,600, invalidation above $71,600.
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