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Bitcoin price fell sharply to the $102,000s range on Tuesday, extending losses from a 24-hour high of above $107,000.<\/p>\n
Throughout the day, Bitcoin price<\/a> bled down as traditional markets saw significant gains. Bitcoin initially rallied on the news of government reopening and a potential tariff check but quickly reversed as broader risk sentiment turned mixed.\u00a0<\/p>\n At the time of writing, Bitcoin\u2019s price is around $102,636, hovering near key psychological support at $99,000.<\/p>\n The Bitcoin price came amid President Donald Trump\u2019s unveiling<\/a> of a proposed $2,000 \u201ctariff dividend\u201d check for Americans \u2014 a populist rebate funded by record tariff revenues. Announced Sunday on Truth Social, the plan promises to return \u201ctrillions of dollars\u201d collected from global trade duties and help pay down the nation\u2019s $37 trillion debt.<\/p>\n Markets, however, saw it differently. Investors viewed the proposal as a de facto stimulus program \u2014 one that could reintroduce pandemic-style liquidity into an economy already showing signs of overheating.<\/p>\n Meanwhile, Washington inched closer to reopening<\/a>. Senate Democrats joined Republicans in a 60\u201340 vote late Monday to approve a stopgap funding bill, ending a 41-day federal shutdown. The deal \u2014 expected to be signed<\/a> by President Trump \u2014 restores pay to federal workers and reopens key services but has stirred debate within the Democratic caucus over the loss of health subsidy extensions.<\/p>\n Bitcoin\u2019s price structure remains finely poised between support and resistance<\/a>. The $99,000 level, reinforced by the 55-week exponential moving average, continues to act as a crucial floor. On the upside, Fibonacci resistance stands near $109,400, with stronger selling pressure anticipated at $111,000.\u00a0<\/p>\n A decisive breakout above $116,000 could re-ignite a rally toward $129,000, the upper boundary of Bitcoin price\u2019s broadening wedge pattern.<\/p>\n Institutional buying remains resilient. Strategy, the largest corporate Bitcoin holder, disclosed<\/a> a $49.9 million purchase of 487 BTC last week, bringing its holdings to more than 641,000 coins valued near $47.5 billion.<\/p>\n Macro optimism tied to the government reopening has supported equities<\/a>, spilling modestly into crypto markets. However, analysts warn that renewed fiscal wrangling or slower ETF inflows could reignite volatility, sending the Bitcoin price back toward $96,000 or even $93,000.<\/p>\n Despite the near-term uncertainty, long-term indicators remain constructive. Rising production costs and a swelling base of long-term holders continue to tighten supply \u2014 a setup that has historically preceded major cyclical upturns. With just 5% of total Bitcoin supply left to mine before the 2028 halving, scarcity is once again becoming a dominant narrative.<\/p>\n Over the past decade, Bitcoin price\u2019s ascent from a few hundred dollars to over $100,000 has reshaped global finance, creating one of the most dramatic wealth transfers in modern history. The question now: can this exponential growth continue \u2014 perhaps even into seven figures?<\/p>\nTechnical picture: Bitcoin price caught between bulls and bears<\/h2>\n
Bitcoin price picture: From $100,000 to $1 million?\u00a0<\/h2>\n