Bitcoin Price Slides Below $90K As Saylor Buys $835M BTC

The Bitcoin price plunged 5.6% over the past 24 hours to trade at $90,108 as of 2:48 a.m. EST on trading volume that soared 43% to $114.6 billion.

This comes after BTC dropped below $90k for the first time since April in the past 24 hours, deepening a slump that’s seen it lose 13.5% in the past week and erasing gains for the year, according to CoinGecko.

BTC has slid from an all-time high of more than $126k, a reversal that comes amid rising economic headwinds, including renewed concerns over interest-rate policy and stretched valuations across markets.

Despite the continued drop, Michael Saylor’s Strategy revealed it bought $835.6 million in Bitcoin in the seven days ending Sunday, the largest purchase by the firm since July.

That brought its total holdings to 649,870 tokens worth roughly $61.7 billion.

Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK https://t.co/HI1TeYOvQ9

— Michael Saylor (@saylor) November 17, 2025

Meanwhile, El Salvador added 1,090 BTC to its hoard on Monday evening, which is the largest single-day acquisition the country has ever made. The purchase brought its total holdings to 7,474 BTC worth around $676 million.

Hooah! pic.twitter.com/KxMVbUrcGE

— Nayib Bukele (@nayibbukele) November 18, 2025

Cameron Winklevoss Sees Last Chance To Buy Bitcoin Cheap

With the price of Bitcoin trading below $90k, Gemini co-founder Cameron Winklevoss told his 753K followers on X that he believes it is the ”last time” they’ll be able to buy Bitcoin under $90,000.

This is the last time you’ll ever be able to buy bitcoin below $90k!

— Cameron Winklevoss (@cameron) November 18, 2025

Bitcoin Price Drops Below The Falling Channel Pattern – Continued Bearish Pressure?

After a surge from the $85,300 zone in April, the BTC price encountered resistance around the $120,000 zone, which drove it through a consolidation phase, trading within a sideways pattern from July to the end of September.

The bulls then took charge of the price, breaching the resistance to push the Bitcoin price to its ATH around $126,000.

However, this acted as the top for BTC, with the bears taking charge of the price to push it down within the confines of a falling channel pattern.

This bearish pressure has been consistent, as in the last day, BTC dropped below the lower boundary of the falling channel, which cements the downtrend narrative.

The overall bearish stance has been pushed even further, as the 50-day Simple Moving Average (SMA) has dropped below the 200-day SMA, forming a death cross around $110,159. BTC still trades below both SMAs, which supports the bears.

Moreover, the Relative Strength Index (RSI has slipped below the 30-oversold level, currently trending at 26, which places the price of BTC under intense selling pressure.

BTC Price Prediction

Based on the BTC/USD chart analysis, the Bitcoin price is displaying clear bearish momentum as it trades within a falling channel and remains below both the 50-day and 200-day SMAs.

The recent death cross reinforces downside pressure, while the RSI near 26 indicates deep oversold conditions that often precede short-term relief bounces.

If the downtrend continues, the next likely support zone sits around $87,000, where buyers may attempt to stabilize the BTC price. A breakdown below this range could expose a deeper move toward $84,000.

However, if oversold conditions trigger a corrective rally, initial resistance lies near the descending channel’s upper boundary around $97,000–$100,000.

A stronger recovery would require reclaiming the 50-day SMA near $109,000, which would signal weakening bearish momentum.

Ali Martinez, an influential analyst on X, says that every time BTC has formed a death cross on the daily chart, it has signaled a local bottom for the asset.

Over the past year, every death cross has marked a local bottom for Bitcoin $BTC, but in 2022, it kicked off a full bear market.

A new death cross is forming now… So which one is it this time: local bottom or bear market? pic.twitter.com/tBnKNngunN

— Ali (@ali_charts) November 18, 2025

However, until the price of BTC breaks the channel and reclaims both SMAs, downward pressure remains the dominant force.

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