As per Cryptoticker, Bitcoin price is trading around 103,000 amid choppy price action, as small business optimism in the U.S. drops to its lowest level since April, according to the National Federation of Independent Business (NFIB). The broader market remains cautious due to softening economic signals and prolonged government shutdown concerns. The NFIB survey highlights declining business activity, profits, and hiring, which historically have negatively impacted liquidity-sensitive assets like Bitcoin. Market participants are closely watching U.S. Congress for a resolution to the government shutdown, as delays could further pressure investor confidence. Meanwhile, Bitcoin remains in a consolidation phase, with key resistance at 107,500 and support at 102,000. A daily close below 97,000 would confirm a deeper correction, while a move above 107,500 could trigger a short-term bullish breakout.
Bitcoin Price Faces Pressure Amid U.S. Small Business Optimism Drop
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