Bitcoin Holds Above $105K Amid Trump-Musk Feud
- Bitcoin remained above $105,000 despite tensions between Trump and Musk.
- Trump warned of “serious consequences” if Musk supports Democratic candidates against GOP budget bill supporters.
- BTC traded within a 24-hour range from $104,624 to $105,786, showing a 1.13% movement.
- Strong support was identified at $104,800 with significant buyer interest.
- Resistance at $105,200 turned into short-term support after being breached.
Trading Analysis
Trading Signal: BULLISH (Score: +8)
The market’s resilience amid political tensions suggests BTC is seen as a hedge against institutional dysfunction.
Price Levels:
Current: $105,786
Support: $104,800 | Resistance: $105,200
Catalysts:
• Breakout moments occurred around specific times with high volume activity.
Key Factors:
• Bitcoin’s stability despite political drama
• Ascending price channel indicating bullish structure
The ongoing feud between Trump and Musk has not affected Bitcoin’s performance. The cryptocurrency remains stable above $105K, reflecting its potential role as a hedge against political instability.
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BTC Holds Above $105K After Trump-Musk Feud – Bullish Bias Remains
– ? ↗️ BUY Signal (7/10) | Medium Risk Trade
– ? Entry: $104,200-104,800 | Targets: $106,700, $108,500 | Stop: $102,000
– ? Days to decide
– ? Key: Resilience amidst political noise reinforces Bitcoin’s safe-haven narrative.
Bitcoin defied political headwinds, holding above $105K despite the Trump-Musk spat. Price traded between $104,624 and $105,786 (+1.13%), finding support at $104,800 with strong buyer interest. This resilience suggests BTC is viewed as a hedge against institutional instability, driving bullish sentiment.
Technical Analysis: BTC/USD
BUY (Score: 7/10)
MEDIUM-HIGH
Trading Action
Enter long between $104,200 and $104,800, targeting $106,700 and $108,500. A stop-loss at $102,000 limits downside risk. The bullish thesis strengthens with a break above $105,880. However, monitor the MACD divergence; weakening momentum or a drop below $104,800 invalidates the trade. Manage risk by scaling out at target levels.
Bottom Line
Aggressive traders can enter now; conservative traders should wait for a confirmed break above $105,880. Watch $104,800; a breakdown signals potential weakness. Continued resilience above this level strengthens the bullish case.
Not financial advice. DYOR.
