Bitcoin Price Drops 2% as Michael Saylor Hints at More BTC Buying

Bitcoin price fell 2% in the last 24 hours to trade at $89,544 after Michael Saylor hinted that Strategy could be gearing up for another major Bitcoin buy.

His comments come just days after the company announced its largest Bitcoin acquisition since July 2025, signaling that the company’s aggressive accumulation strategy is far from over. In an article on X, Saylor said he was considering buying more Bitcoin. This is important because Strategy is currently on a four-week BTC buying streak, making another purchase very likely.

This hint follows the company’s $2.13 billion purchase of 22,305 BTC at an average price of $95,284 per coin, bringing its total holdings to 709,715 BTC. This milestone made Strategy the first company to hold more than 700,000 BTC, approximately 1.1 times the amount held by all governments combined, according to BitcoinTreasuries. So far this month, the company has acquired 37,218 BTC.

You are considering buying more bitcoins.

-Michael Saylor (@saylor) January 22, 2026

The buying streak has fueled speculation in the crypto market. Polymarket data shows a 63% probability that the strategy will hold at least 740,000 BTC by February 28, with an 83% probability of exceeding 800,000 BTC by the end of the year. The company’s growing accumulation is supported by its improving capital structure.

Its perpetual preferred stock (STRC) has now surpassed convertible debt, which market analyst Rohan Hirani says reduces bankruptcy risk and aligns long-term capital with Bitcoin’s infinite potential. STRC preferred stock, paying an 11% dividend, has seen an increase in trading volumes and is now trading near its par value of $100, with a market capitalization of $3.36 billion. Insiders are also buying, with board member Jane Dietze adding 1,000 shares.

The company raised $294 million through sales of STRC shares last week to fund BTC purchases. The strategy continues to use MSTR stock for acquisitions and, despite previous declines, shares appear to be stabilizing. MSTR is up 5% year-to-date, hitting $179, providing further support for the company’s current Bitcoin accumulation strategy.

Bitcoin price tests key support between $85,000 and $87,000

Bitcoin price edged lower to $89,382, down 2% over the past 24 hours, as it tests an important support zone. On the daily chart, BTC found a major support zone between $85,000 and $87,000. This area has served as a solid floor since late November 2025. If buyers intervene here, Bitcoin could experience a parabolic reversal, potentially returning towards $95,000 – $100,000.

Looking at past movements, Bitcoin formed a double top near $116,000, which began a strong downtrend. Before that, it was moving in a bullish channel, showing strong bullish momentum. But after failing to make a move higher, the price fell as traders took profits.

The RSI (Relative Strength Index) is now at 43.2, up from oversold levels. This indicates that selling pressure is easing and buyers may return soon. Resistance is always important. The $95,000 to $115,000 range could slow down any upward movement. On the other hand, if Bitcoin breaks below the $85,000 support, the price could further decline to $80,000.

BTCUSD chart analysis source: Tradingview

The chart also shows a possible parabolic reversal, meaning that if support holds, Bitcoin could move higher quickly. This pattern is similar to previous bounces from the same support zone.

Overall, the picture is cautiously positive. Support appears strong, the RSI shows buyers returning and the reversal trend suggests a possible rebound. Traders will likely keep a close eye on the $85,000-$95,000 range. How Bitcoin performs here will determine whether it continues to rise or remains on a sideways trend.

Investors should keep an eye on these key levels and overall market sentiment. The next few days will be important to see if Bitcoin can start new bullish momentum or continue its consolidation.

Related articles:

Best Wallet – Diversify your crypto portfolio

• Easy-to-use, feature-driven crypto wallet
• Get Early Access to Upcoming Token ICOs
• Multi-chain, multi-wallet, non-custodial
• Now on App Store, Google Play
• Stake to win a $BEST native token
• More than 250,000 active users per month