Crypto Markets Show Resilience Amid Political Tensions
Bitcoin (BTC) continues to hold above the $105,000 level, showing surprising stability even as political drama intensifies between former President Donald Trump and tech billionaire Elon Musk. In a volatile news cycle, BTC’s strength highlights the cryptocurrency’s growing reputation as a hedge against political and institutional uncertainty.
Trump Issues Warning to Elon Musk
In a recent phone interview, Trump issued a strong warning against Musk, stating there would be “serious consequences” if Musk funds Democratic candidates who oppose the GOP’s latest budget bill. This public threat marks a new low in their relationship, once marked by mutual praise.
When asked if he would consider repairing the relationship, Trump responded firmly with “No”, suggesting the rift is likely permanent.
Bitcoin Remains Unshaken
Despite the growing feud between two of the most influential public figures, Bitcoin held steady near its recent highs, with a 1.13% gain in the last 24 hours. Prices moved from $104,624 to $105,786, underlining continued bullish sentiment.
The market reaction indicates that investors are not spooked by political risks, and instead see BTC as a relatively stable asset amid broader market uncertainty.
Technical Analysis: Bullish Structure Remains Intact
- BTC traded within a $1,162 range, finding strong buyer support at $104,800.
- The $105,200 resistance level was broken and has now turned into short-term support.
- Peak trading volume reached 378 BTC during key breakout moments, especially around 13:43–13:46 and 13:53.
- A minor consolidation occurred between $104,300–$104,600 before the final push to daily highs.
- The price remains within an ascending channel, reinforcing the ongoing bullish momentum.
Market Outlook
Bitcoin’s performance in the face of headline risks supports the view that crypto assets may be increasingly decoupled from traditional political disruptions. As tensions between political and tech leaders rise, Bitcoin’s role as an alternative financial system continues to gain traction.
The coming days could test this resilience further, especially if macro or political developments escalate. However, the current technical setup favors bullish continuation, as buying pressure remains strong and support levels hold.
