Bitcoin Remains Above $105,000 Amid Trump-Musk Feud
Bitcoin (BTC) maintained stability above $105,000 over the weekend amid escalating tensions between Donald Trump and Elon Musk. Trump indicated potential "serious consequences" if Musk supports Democratic candidates opposing Republicans, dismissing any chance of reconciliation.
Key market insights include:
- BTC traded within a 24-hour range of $1,162 (1.13%), from $104,624 to $105,786.
- Support established at $104,800, with strong buyer interest.
- Resistance at $105,200 was broken, becoming a short-term support zone.
- Volume peaked at 378 BTC during significant breakout moments.
- A consolidation phase occurred between $104,300 and $104,600 prior to the surge towards highs.
- An ascending price channel indicates bullish momentum despite occasional pullbacks.
Overall, Bitcoin's resilience suggests traders may view it as a hedge against political instability affecting traditional markets.