Bitcoin remains resilient above $105,000 on Saturday, even amid escalating tensions between two of the most influential figures in U.S. politics and tech: Donald Trump and Elon Musk. The personal feud intensified this week when Trump warned via NBC News that Musk would face “serious consequences” if he financially supported Democratic candidates opposing Republicans aligned with the GOP’s budget bill. Despite this fiery exchange and Trump’s clear dismissal of any reconciliation, Bitcoin’s price stayed steady, trading near weekly highs.
This market stability suggests that traders increasingly see Bitcoin as a safe haven amid political turmoil. Unlike traditional equities, which often react sharply to partisan conflicts, BTC appears to be gaining recognition as a hedge against institutional dysfunction or at least as an asset insulated from partisan fallout.
From a technical perspective, Bitcoin traded within a 24-hour range of approximately $1,162, with support firmly established at $104,800—confirmed by above-average volume. The resistance level at $105,200 was surpassed, turning it into short-term support. Key breakout moments saw volume peaks of up to 378 BTC, especially during precise moments in the trading day, fueling a final surge toward recent highs. Despite some pullbacks, the overall trend remains bullish, with Bitcoin maintaining an ascending price channel that signals ongoing strength.
As the market navigates these volatile political waters, Bitcoin’s resilience highlights its growing role as a digital asset that traders trust in uncertain times. Keep an eye on these technical cues and the evolving geopolitical landscape, as they continue to influence Bitcoin’s trajectory next week.
