Bitcoin Price Spikes 4% as Rate Cut Hopes and Saylor’s Strategy Fuel Buying Momentum

The Bitcoin price surged 4% in the past 24 hours, trading at $105,218, amid a 12% daily trading volume surge to $52.4 billion.

This price jump comes as Goldman Sachs forecasts multiple interest rate cuts by mid-2026, and speculation grows that Michael Saylor’s Strategy may be preparing another major Bitcoin purchase. Saylor’s recent post, captioned “₿est Continue,” reignited rumors of fresh accumulation.

Strategy currently holds 641,205 BTC worth about $65.45 billion, with unrealized gains of roughly $18 billion and an average purchase price of $74,064 per coin. The firm recently added $21 million worth of Bitcoin, marking its 85th acquisition.

Meanwhile, Bitcoin open interest surged by nearly $700 million following former President Trump’s announcement of a $2,000 dividend plan funded by tariff revenues. Analysts warn that the spike in funding rates signals a wave of new long positions, which could lead to volatility.

Goldman Sachs expects the Federal Reserve to cut interest rates three times between December 2025 and June 2026, lowering the federal funds rate to about 3–3.25%. The bank’s forecast contrasts with Fed Chair Jerome Powell’s cautious tone but aligns with expectations of easier liquidity conditions. Historically, lower interest rates have boosted investor appetite for riskier assets, such as Bitcoin.

Bitcoin Forms Bullish Reversal as Price Holds Above $100K Support

Bitcoin price shows signs of a bullish reversal after bouncing off the key $100,000 support zone. The price is now trading around $105,976, as buyers regain momentum following a period of decline.

The chart shows Bitcoin has held strong around the $100,000 level, creating a solid support base. This has led to a parabolic bullish pattern, which often signals a potential trend change. The price has been forming higher lows, showing that buying pressure is increasing as traders expect another upward move.

The Relative Strength Index (RSI) is now near 70, showing strong bullish momentum but also suggesting the market is nearing overbought levels. This means Bitcoin could see a small pullback before continuing higher. Still, the RSI trend confirms that buyers are in control for now.

BTCUSDT Analysis Source: Tradingview

The next resistance zone sits between $115,000 and $118,000. If Bitcoin breaks above this area, it could open the way toward the $120,000 level, a key psychological target for traders. A strong breakout above this resistance would confirm a bullish continuation.

On the downside, the main support zone remains between $102,000 and $100,000. If Bitcoin fails to hold this level, it could weaken the bullish setup and push the price back toward $95,000. However, as long as BTC stays above $100,000, the bullish structure is likely to remain valid.

Overall, Bitcoin’s price action shows a potential reversal pattern forming from the recent lows. The strong bounce from support, coupled with rising RSI momentum, suggests traders are regaining confidence. A close above $107,500 would strengthen this view and confirm the start of a short-term uptrend.

If the parabolic curve continues to play out, Bitcoin could soon test higher resistance levels and extend its recovery in the coming days.