Bitcoin price plunged to the $102,000s on Tuesday after briefly topping $107,000, retreating despite initial gains from government reopening news and potential tariff checks, as mixed market sentiment weighed on Bitcoin.
A weekend rally lifted Bitcoin to $104,700, reclaiming the $104,000 support zone while the 0.382 Fibonacci retracement at $109,400 cap near-term upside.
The $106,900 Fibonacci support level provided a bounce last week, but repeated tests raise risks of a drop to $100,000 and long-term support at $96,000.
Bitcoin price surged to $115,000 today, rising over 1% in 24 hours, as optimism over easing U.S.–China trade tensions and renewed investor appetite for risk assets lifted global markets.
Bitcoin closed at $114,530 last week, reclaiming $112,200 resistance but facing stiff hurdles at $117,600 and $122,000, with FOMC and tech earnings set to drive volatility on Wednesday.
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