Bitcoin
Held over $ 105,000 on Saturday despite an unusual fighting and personal escalation in the Trump-Musk feud that could rattle traditional markets next week.
On Saturday, in a telephone interview with NBC News, President Trump warned that there would be “serious consequences” if Elon Musk financially supported Democratic candidates running against Republicans supporting GOP’s budget bill. “If he does, he will have to pay the consequences for it,” Trump said, adding later, “he will have to pay very serious consequences if he does.”
Trump, who has often boasted of past support from Musk, dismissed the idea of repairing ties. “No,” he said when asked if he wanted to repair the relationship. “I would assume that, yes,” he added when asked if the gorge was permanent.
Despite the intensifying feud between two of the most influential figures in American politics and technology, Bitcoin remained incomplete. Cryptocurrency kept on past gains and continues to act near weekly heights. The market’s tranquility suggests that dealers can increasingly see BTC as a hedge against institutional dysfunction, or at least as an active isolated from the partisan downfall, which tends to affect shares more directly.
Technical analysis highlights
- BTC traded in a 24-hour range of $ 1,162 (1.13%) from a low level of $ 104,624 to a high of $ 105,786, according to Coindesk Research’s technical analysis model.
- Strong support formed for $ 104,800, with volume above average confirming the buyer interest.
- Resistance to $ 105,200 was broken and has since turned into a short -term support zone.
- Volume peaked at 378 BTC under key outbreak moments, especially about 13: 43–13: 46 and 13:53.
- A short consolidation occurred between $ 104,300- $ 104,600 before the final wave to almost heights.
- An increasing price channel remains intact and shows bullish structure despite intermittent withdrawal.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
