Bitcoin Holds Above $105K Despite Donald Trump’s Threats Against Elon Musk

Bitcoin BTC held steadfast supra $105,000 connected Saturday contempt an unusually combative and idiosyncratic escalation successful the Trump-Musk feud that could rattle accepted markets adjacent week.

On Saturday, successful a phone interrogation with NBC News, President Trump warned that determination would beryllium “serious consequences” if Elon Musk financially backed Democratic candidates moving against Republicans who enactment the GOP’s fund bill. “If helium does, he’ll person to wage the consequences for that,” Trump said, adding later, “He’ll person to wage precise superior consequences if helium does that.”

Trump, who has often boasted of past enactment from Musk, firmly dismissed the thought of mending ties. “No,” helium said erstwhile asked whether helium wished to repair the relationship. “I would presume so, yeah,” helium added erstwhile asked if the rift was permanent.

Despite the intensifying feud betwixt 2 of the astir influential figures successful U.S. authorities and technology, Bitcoin remained unfazed. The cryptocurrency held onto earlier gains and continues to commercialized adjacent play highs. The market's composure suggests that traders whitethorn progressively presumption BTC arsenic a hedge against organization dysfunction, oregon astatine slightest arsenic an plus insulated from the partisan fallout that tends to interaction equities much directly.

Technical Analysis Highlights

• BTC traded successful a 24-hour scope of $1,162 (1.13%), from a debased of $104,624 to a precocious of $105,786, according to CoinDesk Research's method investigation model.
• Strong enactment formed astatine $104,800, wherever above-average measurement confirmed purchaser interest.
• Resistance astatine $105,200 was breached and has since flipped into a short-term enactment zone.
• Volume peaked astatine 378 BTC during cardinal breakout moments, particularly astir 13:43–13:46 and 13:53.
• A abbreviated consolidation occurred betwixt $104,300–$104,600 earlier the last surge to adjacent highs.
• An ascending terms transmission remains intact, showing bullish operation contempt intermittent pullbacks.

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