Financial Insights That Matter
Bitcoin Price Analysis: Short-term bulls eye breakout above $98,800 to fuel rally towards $100,000
Bitcoin rallied as high as $97,973 to $98,323 in the past hour as traders eyed key technical levels while assessing macroeconomic and inflation signals
The price stabilized between $96,000 and $98,000 after a 10.3% pullback from the all-time high on January 20, 2025. The macro trend remains in a correction phase with key resistance at $109,356 and support at $89,164. A hold above $96,000 could signal a bullish reversal to $102,000–$105,000, while a break below $94,000 could lead to a retest of $90,000. Traders closely watch this range to gauge directional momentum.
Elon Musk’s DOGE could soon refund $5,000 to all US taxpayers; Will the markets react?
DOGE head Elon Musk stated on X (formerly Twitter) that he would ‘check with the President,’ Donald Trump, about a proposal to provide a $5,000 refund check to U.S. taxpayers, funded by cost savings from his Department of Government Efficiency (DOGE).
Dubbed the ‘DOGE Dividend,’ the initiative was originally proposed by James Fishback, CEO of Azoria Investment Firm, and aims to redistribute 20% of DOGE’s projected savings by 2026 to taxpaying households.
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