Bitcoin price fell 10% over the past week and a fraction of a percent over the past 24 hours to trade at $94,986 as of 2:37 a.m. EST, while trading volume rose 59% to $78.2 billion.
This is because Michael Saylor hinted at another Bitcoin purchase from Strategy (MSTR) this week. Saylor placed on X the words “Big Week” and a portfolio chart, which usually indicates a plan to buy more BTC.
In the post, Saylor included a chart showing that Strategy now has approximately 641,692 BTC in stock, worth $61 billion.
₿ig week pic.twitter.com/a27eg6Kw4v
— Michael Saylor (@saylor) November 16, 2025
The new purchase would come at a time when the market is going through a volatile period after falling below the psychologically important $100,000 level.
Spot Bitcoin ETFs (exchange traded funds) recorded net outflows of $1.11 billion last week, This is the third consecutive week of outflows, according to… SoSoValue data.
Peter Schiff predicts Strategy’s bankruptcy
In another development, Bitcoin permabear Peter Schiff said that Strategy is a “fraud” that will eventually go bankrupt.
Schiff’s stance comes amid concerns about the company’s financial stability amid continued volatility.
MSTR’s entire business model is a fraud. Saylor and I will both be speaking at Binance Blockchain Week in Dubai in early December. I challenge @saylor to discuss this proposal with me. Regardless of what happens with Bitcoin, I believe $mstrer will eventually go bankrupt. Let’s go!
— Peter Schiff (@PeterSchiff) November 16, 2025
Schiff continues to do so warn people buying BTC. “I warn people who don’t own Bitcoin not to buy, and advise those who do own Bitcoin to get out before the eventual crash,” he said.
Bitcoin Price Consolidates Around the $95,000 Zone – Breakthrough Is Coming?
On the 4-hour time frame, the BTC/USD chart analysis shows that the BTC price saw a sustained rise in October, reaching the $126,080 all-time high (ATH).
However, the bulls could not hold this level as the bears took control and drove the price through a descending channel pattern. The continued decline saw Bitcoin price fall below the $100,000 level and reach around $93,000.
Currently, bulls are targeting a breakout, with Bitcoin’s price now consolidating between $94,000 and $95,000 as they expect a recovery.
As a result of the bearish trend over the past few weeks, BTC is now trading below both the 50-day ($100,231) and 200-day ($106,450) Simple Moving Averages (SMAs), supporting the overall bearish stance.
Meanwhile, after Bitcoin rose from below the $94,000 zone, the Relative Strength Index (RSI) appears to be recovering from the 30-oversold level to the current 39. This level still shows that BTC bulls need sustained buying pressure to regain control and push the price back above $100,000.
According to the analysis, BTC seems to be consolidating within the USD 95,000 level. The rising RSI could be a sign of renewed interest and bulls buying the bottom.
If Bitcoin’s price recovers and breaks out of the $95,500 zone, the next major resistance levels and targets could be the 50-day and 200-day SMAs at $100,231 and $106,450, respectively.
Conversely, if bearish pressure within the descending channel continues, Bitcoin could fall back to the lower limit of the channel, around $91,700, in the coming days.
This outlook is supported by analyst Scott Melker, with over 1 million followers, who notes that Bitcoin closed below the 50 MA on the weekly chart, which acts as a key bearish indicator.
Bitcoin closed below the 50 MA on the weekly chart.
This has always been a bear market indicator – and has been for fifteen years.
Maybe this time it’s different? https://t.co/GdEsyqIHu3
— The Wolf of All Streets (@scottmelker) November 17, 2025
Related news:
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 in the App Store, Google Play
- Stake to earn native token $BEST
- 250,000+ monthly active users
#Bitcoin #price #drops #Michael #Saylor #hints #purchase