Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?

Michael Saylor’s Strategy has paused additional BTC purchases while increasing cash reserves, prompting renewed speculation about whether Bitcoin price could revisit lower levels near $74K. These discussions emerge despite Bitcoin price continuing to trade within a clearly defined technical structure, where established support and resistance zones remain intact.

Michael Saylor Pauses Buying as Bitcoin Price Absorbs Demand Shift

Bitcoin price reflects a short-term demand adjustment following Strategy’s decision to pause BTC purchases. The company raised its cash holdings by 748 million dollars, raising overall liquidity to 2.19 billion. This capital was obtained through the sale of 4.54 million shares of Class A amounting to 747.8 million net proceeds. Nevertheless, Strategy retained its entire Bitcoin hold of 671,268 BTC.

It is interesting to note that the company failed to add BTC during the period between Dec 15 and Dec 21. Its assets are still priced at a mean price of acquisition of $74,972 per coin. This suspension was after massive build-ups in the previous month of December. Consequently, instant institutional buy-side pressure was alleviated.

However, this transformation does not mean dispersion and less belief. Strategy continues to have over $41 billion of ATM capacity. This buffer maintains future purchasing leeway. Therefore, Bitcoin price faces short-term recalibration rather than structural weakness.

Bitcoin Price Holds Structure as $74K Lacks Technical Confirmation

Bitcoin price structure does not currently support a decline toward $74K. Price still respect the support zone around $85K. Multiple tests of this zone  caused drastic rebounds, confirming strong demand absorption. This zone is strengthened as a structural floor by each recovery.

Bitcoin price also trades below the key barrier near the $90K-$92K range. This level has limited upward efforts. Nevertheless, being rejected again and again is not an indicator of failure. Rather, price consolidates in a specified range. At press time, the BTC market valuation sits at around $89,260, which puts the price above the support and below the resistance.

The bearish case is also undermined by the DMI indicator. The +DI line has moved over the -DI line which indicates the improving directional bias. In the meantime, ADX is still close to 14, which means that the trend strength is weak. Low ADX is generally associated with continuity of the range rather than impulsive sales.

The structure is now dominated by scenario-based structure. Breaking out of the range of $90K will be a step towards a breakout of $100K. Alternatively, rejection may lead to a second retest of $85K. Therefore, no chart-based evidence supports an extension toward $74K. The long-term Bitcoin price outlook remains constructive above current support.

Conclusion  

Bitcoin price does not currently justify a fall toward $74K based on structure or indicators. The support at about $85K remains strong. The buying pause by Saylor is about timing and not loss of conviction. Therefore, BTC price remains range-bound with upside potential intact. The next move will be characterized by structural confirmation and not speculation.