Bitcoin Price Prediction: Michael Saylor’s Third August BTC Purchase Signals $200,000 Target

MicroStrategy's billionaire founder just doubled down—again. Michael Saylor's third Bitcoin acquisition this month sends a thunderous signal to markets: the bull run isn't just alive—it's accelerating.

Strategic Accumulation

Saylor isn't just buying; he's strategically stacking SATs while traditional finance hesitates. His latest move—part of a relentless August buying spree—aligns with growing institutional FOMO.

Price Target Momentum

That $200,000 BTC target? It's gaining credibility beyond crypto Twitter. Macro shifts, institutional adoption, and yes—Saylor's unwavering conviction—fuel the momentum.

Wall Street's Still Skeptical—Their Loss

Traditional analysts keep questioning the volatility—meanwhile, Saylor's portfolio continues outperforming their 'balanced' funds. Sometimes the smartest trade is ignoring the old guard entirely.

Institutional Strategy and Market Impact

Strategy’s aggressive buying has made them the largest corporate holder of Bitcoin, but they say their buying doesn’t MOVE the market. Corporate treasurer Shirish Jajodia recently said that BTC purchases are done through over-the-counter (OTC) deal,s which minimizes the price impact.

Saylor is buying more $BTC from the paper hands.

Get ready!!! pic.twitter.com/qNxWFzuHzy

“Bitcoin’s daily trading volume is $50 billion,” Jajodia said. “Even if you buy $1 billion over a few days, it doesn’t move the market much.”

Institutional buying plays a different role in Bitcoin’s cycle. These holdings reduce long-term supply and indirectly strengthen the floor price. But short-term price moves are driven by traders, speculation, and broader macroeconomic forces.

• BTC treasury size: 629,376 coins held
• Unrealized gains: $25.8 billion at current prices
• August purchases: 585 BTC so far
• Share price: $358 after dipping to $325 earlier this week

Despite buying Bitcoin, Strategy’s stock has been volatile. Shares hit a 4-month low of $325 before bouncing back to $358, reflecting the broader weakness in Bitcoin treasury stocks.

Technical Outlook: Bitcoin Pressured Below Key Levels

From a technical perspective, Bitcoin is trading inside a descending channel, marked by consistent lower highs and lower lows. The 50-EMA at $114,615 remains below the 100-EMA, signaling bearish momentum. Each rally attempt has been capped by long upper-wick candles, most recently around $116,800.

Momentum indicators are mixed. RSI is at 33 and is approaching oversold, which could be a relief. The MACD histogram is negative, and sellers are in control of the short-term trend. Support is at $110,300, $108,600 and $105,150.

A bullish reversal is possible if Bitcoin breaks above $113,500, which could lead to a retest of $116,800 and a broader recovery to $120,900. Chart watchers say a bullish engulfing candle or three WHITE soldiers near support would strengthen the case for a bounce.

#Bitcoin Technical Outlook#BTC trades at ~$111K inside a descending channel.
Resistance: $113.5K–$115K (50/100 EMA)

Support: $110.3K, then $107.7K
RSI at 32 signals oversold risk, but momentum remains bearish. pic.twitter.com/HPXiu3QNaD

For traders, the roadmap is defined: cautious long positions may be considered above $113,500, while shorts could open below $110,300 with tight risk management. In the bigger picture, Bitcoin’s consolidation may be the precursor to a renewed leg higher—potentially toward $130,000—as institutional accumulation and limited supply reinforce the long-term bullish thesis.

Looking Ahead: Can $200K Become Reality?

Saylor is still convinced—Bitcoin is not just an investment but a reserve asset. With institutions buying, treasury inflows increasing, and charts looking like a reversal, many think Bitcoin will hit $200,000 in the next cycle. For now, the short term is still volatile, but the bigger picture is far from over.

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