According to Bloomberg Intelligence’s Mike McGlone, Bitcoin has entered a “do-or-die” phase as traders watch a narrow price band for signs of direction. From an Oct. 6 level of $123,500, the coin tumbled almost 20% to a low of $99,900 on Nov. 4 before recovering to about $106,350. Reports show the move left Bitcoin roughly 14% below its earlier October peak. Related Reading: Trump’s Bitcoin Bet Grows: American Bitcoin Now Holds Over 4,000 BTC Make Or Break Zone For Bitcoin Based on trend lines and monthly charts, McGlone points to a rollover pattern after the months-long climb that culminated in an Oct. 6 high marked on some charts at $126,270. The immediate technical test is the 200-day moving average, which sits near $110,000. Bitcoin Do or Die: $110,000-$100,000 Bitcoin’s rolling-over pattern on monthly charts might signal the opposite of gold’s bull flag to August. The crypto has dropped below its 200-day moving average at $110,000 to Nov. 7 — a key hurdle to signal recovery. Full report on the… pic.twitter.com/n4MMZfhuL3 — Mike McGlone (@mikemcglone11) November 10, 2025 According to his view, Bitcoin needs to push back above that level to make a clear case for renewed upside. If it can’t, the risk is that sellers regain control and prices slip further below the current band between $100,000 and $110,000. Resistance And Momentum Signals Reports have highlighted other warning signs. Long upper wicks have appeared on recent candles, a sign that buyers were checked near the top. The 12-month simple moving average has started to flatten after a steady climb, suggesting the buying drive is slowing. Trader and analyst Michaël van de Poppe has pointed to strong resistance in the $108,000–$110,000 zone. According to him, breaking through that range could open the door back to the highs, and if that happens, altcoins may run harder than Bitcoin. Institutional Moves And Market Mood Institutional buyers remain active. Michael Saylor’s firm purchased 487 BTC worth close to $50 million today, bringing reported holdings to 641,692 BTC. At the same time, exchange-traded funds saw outflows totaling $1.22 billion last week. Market sentiment has nudged up: CoinMarketCap’s Fear and Greed Index rose to 29 from 24, and Bitcoin is up about 3.6% in the past 24 hours after lawmakers advanced a US government shutdown deal. Traders are pricing event-contract probabilities that place a 28% chance Bitcoin reaches $130,000 or higher this year and a 9% chance it tops $150,000. Short-Term Triggers Could Tip The Scale Near-term catalysts are in play. US President Donald Trump’s mention of a possible $2,000 tariff “dividend” and progress toward ending the shutdown appear to have helped the recent bounce. Timothy Misir, head of research at Blockhead Research Network, said the market has cleaner positioning and could see a constructive November if fiscal clarity and ETF flows stabilize. He also warned about risks: continued ETF outflows, delivery delays on fiscal measures, and rising market leverage could reverse the recovery. Related Reading: Trump Media Takes $55M Hit As Bitcoin Holdings Surge In Value What To Watch Next For now, Bitcoin sits in a tight trading range. Reclaiming $110,000 would be read as a positive signal and might restore buying confidence. Falling below $100,000 would likely trigger deeper losses, according to the technical picture analysts cite. Traders and institutions will watch price action around those levels closely — and those moves will shape whether this moment is remembered as a short pause or a major turning point. Featured image from The Conversation/Landmark Media/Alamy, chart from TradingView
US President Donald Trump’s latest promise of a tariff-funded “dividend” sent shockwaves through markets Monday, and traders in digital assets moved quickly to price in the possibility of extra cash in American pockets. Related Reading: Trump’s Bitcoin Bet Grows: American Bitcoin Now Holds Over 4,000 BTC The plan would pay at least $2,000 to most adults and has been described as part of a broader push to use tariff receipts for direct payments. Tariff Dividend Sparks Market Moves According to reports, the proposal is being presented as a way to convert tariff revenue into direct payments to citizens, with proponents linking the move to stronger consumer spending and higher risk appetite among investors. Trump said the government could afford the new payout because tariffs had brought in massive revenue and because factories across the country were attracting record levels of investment. He mentioned that the money would go to most Americans, except those earning higher incomes. “People that are against tariffs are fools,” Trump wrote in his Truth Social post. “We are taking in trillions of dollars and will soon begin paying down our enormous debt, $37 trillion.” Trump also pointed to record highs in 401(k) savings and the stock market, saying tariffs helped the economy grow instead of slowing it down. The figure being cited publicly as backing for the program is about $400 billion, though analysts and budget experts say the math and legal pathway remain unclear. Crypto Prices Tick Higher The cryptocurrency market reacted within hours following news of the dividend. Bitcoin climbed above $106,000, while Ether moved into the mid-thousands, reflecting a short, sharp lift in sentiment among traders who expect fresh liquidity could flow into risk assets. These price moves followed a week when some crypto indexes had fallen sharply, so the announcement helped reverse part of that pullback. Market watchers said the reaction was driven more by sentiment than by a confirmed funding mechanism. Some commentators compared the potential effect to past stimulus checks, noting that when households get direct dividend payments they often boost spending and, in some cases, channel money into markets. Still, regulators and budget experts are asking how the plan would work under existing law and whether tariff receipts are a reliable source for recurring payouts. Related Reading: XRP’s Price Doesn’t Match Its Growing Real-World Use, Study Finds Exchange Activity Up Traders on exchanges showed increased activity, and a handful of altcoins recorded gains as momentum traders piled in. Volume spiked on some platforms as short-term buyers tried to ride the sentiment. Observers cautioned that rallies tied to political announcements can be volatile and may fade if the policy stalls in Congress or runs into legal challenges. Legal and political questions are front and center. Treasury officials have suggested parts of the payout could be handled through tax changes already on the books, while court challenges over the scope of tariff powers may complicate any quick roll-out. Featured image from Unsplash, chart from TradingView