Billionaire Michael Saylor Eyes More Bitcoin – Is a Supply Squeeze Incoming?

Bitcoin (BTC), the world’s leading cryptocurrency, continues its downward trend, falling below the $92,000 mark despite renewed optimism around Michael Saylor’s Bitcoin acquisition strategy. After reaching a high of $99,000 on Friday, BTC reversed course, driven by a $1.4 billion hack targeting Bybit, which raised security concerns in the crypto market.

Additionally, the Federal Reserve’s changing rate outlook contributed to market uncertainty, strengthening the US Dollar and putting downward pressure on BTC.

Concerns over US tariff policies further dampened investor sentiment, pushing BTC lower despite the bullish narrative surrounding institutional accumulation. Analysts suggest that if BTC fails to hold support in the $92,000-$94,000 range, a further decline toward $85,000 could be on the horizon.

Michael Saylor’s Bitcoin Strategy: Accumulation Continues

Michael Saylor, Executive Chairman of Strategy, hinted at another significant Bitcoin purchase by posting a Bitcoin tracker on X. Historically, these posts precede official acquisition announcements.

Strategy recently raised $2 billion through a convertible senior note offering, with proceeds earmarked for Bitcoin purchases and corporate purposes.

The company, formerly known as MicroStrategy, holds 499,096 BTC, valued at approximately $46 billion at current prices. The latest purchase of 20,356 BTC at an average price of $97,514 per coin pushed its total Bitcoin investment to $33.1 billion, with an average acquisition cost of $66,357 per BTC.

However, despite Saylor’s bullish stance, Bitcoin has failed to maintain momentum, slipping below key support levels.

Bitcoin’s Decline Amid Fed’s Changing Rate Outlook

Moreover, the Federal Reserve’s evolving stance on interest rates has added to investor uncertainty. Fed policymakers have signaled that rate cuts may not come as soon as the market had expected, strengthening the US Dollar and exerting downward pressure on Bitcoin.

With US Treasury yields remaining elevated, traders are reassessing their positions, contributing to Bitcoin’s volatile price action.

Analysts suggest that if Bitcoin fails to hold support in the $92,000-$94,000 range, a further decline toward $85,000 could be on the horizon.

US Trade Policies and Fed’s Rate Outlook Add Pressure

The Federal Reserve’s evolving stance on interest rates has increased investor uncertainty, with policymakers signaling that rate cuts may not come as soon as expected. This has bolstered the US Dollar and contributed to Bitcoin’s recent price volatility.

Additionally, elevated US Treasury yields have led traders to reassess their positions, further impacting Bitcoin’s price action.

Meanwhile, former President Donald Trump’s 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods have added to market anxiety. These trade measures triggered a $2 billion liquidation event in the crypto market, briefly pushing Bitcoin down to $91,200.

Although a temporary pause in tariff enforcement provided some relief, ongoing concerns about additional tariffs on industrial goods like iron and aluminum continue to weigh on investor sentiment.

Despite these challenges, Bitcoin’s long-term outlook remains positive. Historical data shows that March has been a strong month for Bitcoin, with an average return of 13.42% since 2013.

Analysts are divided on Bitcoin’s next move, with some forecasting a rally above $106,000, while others warn of a potential decline to $85,000 if key support levels fail.

Bitcoin Drops Below $94K: Will $91K Support Hold or Trigger Deeper Losses?

Bitcoin (BTC/USD) is trading at $92,100, showing a significant bearish move as it breaks below the key support level at $94,000. This decline is further confirmed by the price staying well below the 50 EMA at $96,000, indicating strong selling pressure.

The breakdown has invalidated the ascending trendline support, suggesting a shift to a bearish trend.

Immediate support is now at $91,000, and a break below this level could accelerate the decline toward $89,000 and $87,000.

On the upside, if Bitcoin manages to reclaim $94,000, it could face resistance at $96,000. However, the overall outlook remains bearish unless Bitcoin breaks back above the 50 EMA.

Traders should watch the $91,000 support level closely, as its failure could lead to deeper losses.

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