Hello
Yes, it is possible to prevent a Bitlocker key from being stored in the Microsoft account. There is a Group Policy setting called “Control use of BitLocker on removable drives,” which can be found under Computer Configuration > Policies > Administrative Templates > Windows Components > BitLocker Drive Encryption > Removable Data Drives. This policy can be used to disable BitLocker on removable drives.
If you delete the key in your online account and then change the key and save it locally, it will not be uploaded automatically. You can back up the BitLocker recovery key for an encrypted drive by printing it, saving it to your Microsoft account, saving it to a USB flash drive, and/or saving it to a file where you like. It is recommended to store the recovery key separate from your computer, and make additional copies to be safe and have available if ever needed to recover the encrypted drive with. However, if you choose not to save it to your Microsoft account, it will not be uploaded automatically. You can also delete a backed up BitLocker recovery key on your OneDrive after it was saved to your Microsoft account in Windows 10.