rewrite this title with good SEO Bitcoin Price Slides 2% as Michael Saylor Hints at More BTC Buys

The Bitcoin price has dropped 2% in the last 24 hours to trade at $89,544 after Michael Saylor hinted that Strategy could be preparing for another major Bitcoin purchase.

His comments come just days after the company announced its largest Bitcoin acquisition since July 2025, signaling that the firm’s aggressive accumulation strategy is far from over. In a post on X, Saylor said he was thinking about buying more Bitcoin. This is significant because Strategy is currently on a four-week BTC buying streak, making another purchase highly probable.

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

Thinking about buying more bitcoin.

— Michael Saylor (@saylor) January 22, 2026

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

Its perpetual preferred equity (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 equity, paying an 11% dividend, has seen rising trading volumes and now trades near its $100 par value, with a market cap of $3.36 billion. Insiders are also buying, with board member Jane Dietze adding 1,000 shares.

The company raised $294 million through STRC stock sales last week to fund BTC purchases. Strategy continues to use MSTR stock for acquisitions, and despite previous declines, the stock appears to be stabilizing. MSTR is up 5% year-to-date, reaching $179, which provides additional support for the company’s ongoing Bitcoin accumulation strategy.

Bitcoin Price Tests Key Support at $85K–$87K

The Bitcoin price has dropped slightly to $89,382, down 2% in the last 24 hours, as it tests an important support zone. On the daily chart, BTC has found a Major Support Zone around $85,000–$87,000. This area has acted as a strong floor since late November 2025. If buyers step in here, Bitcoin could see a parabolic reversal, potentially moving back toward $95,000–$100,000.

Looking at past movements, Bitcoin formed a double top near $116,000, which started a strong downward trend. Before that, it had been moving in a bullish channel, showing strong upward momentum. But after failing to break higher, the price fell as traders took profits.

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

BTCUSD Chart Analysis Source: Tradingview

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

Overall, the picture is cautiously positive. Support seems strong, the RSI shows buyers are returning, and the reversal pattern suggests a possible bounce. Traders are likely to watch the $85,000–$95,000 range closely. How Bitcoin behaves here will decide if it continues rising or stays in a sideways pattern.

Investors should keep an eye on these key levels and the overall market mood. The coming days will be important to see if Bitcoin can start a new upward move or continue its consolidation.

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