Bitcoin Holds Above $105,000 Amid Trump Musk Feud

Bitcoin's price has remained resilient, holding above $105,000 despite escalating tensions between former U.S. President Donald Trump and tech mogul Elon Musk. The feud between the two high-profile figures has intensified, with Trump issuing threats against Musk, which could have significant implications for the cryptocurrency market. Trump has warned of "serious consequences" if Musk continues to support Democratic candidates, a stance that has sparked a heated exchange between the two. Musk, known for his outspoken nature, has not shied away from responding to Trump's threats, further fueling the controversy. The ongoing dispute has raised concerns about potential regulatory actions and market volatility, but Bitcoin has so far managed to maintain its value above the $105,000 mark.

Trump, who has often boasted of past support from Musk, firmly dismissed the idea of mending ties. “No,” he said when asked whether he wished to repair the relationship. “I would assume so, yeah,” he added when asked if the rift was permanent. Despite the intensifying feud between two of the most influential figures in U.S. politics and technology, Bitcoin remained unfazed. The cryptocurrency held onto earlier gains and continues to trade near weekly highs. The market's composure suggests that traders may increasingly view BTC as a hedge against institutional dysfunction, or at least as an asset insulated from the partisan fallout that tends to impact equities more directly.

Technical analysis highlights that BTC traded in a 24-hour range of $1,162 (1.13%), from a low of $104,624 to a high of $105,786. Strong support formed at $104,800, where above-average volume confirmed buyer interest. Resistance at $105,200 was broken and has since flipped into a short-term support zone. Volume peaked at 378 BTC during key breakout moments, especially around 13:43–13:46 and 13:53. A short consolidation occurred between $104,300–$104,600 before the final surge to near highs. An ascending price channel remains intact, showing bullish structure despite intermittent pullbacks.

Analysts suggest that the cryptocurrency's resilience could be attributed to its decentralized nature and the growing acceptance of digital assets as a store of value. However, the situation remains fluid, and any further escalation could impact the market dynamics. Investors are closely monitoring the developments, as the outcome of this feud could have far-reaching effects on the broader financial landscape. The market's composure suggests that traders may increasingly view BTC as a hedge against institutional dysfunction, or at least as an asset insulated from the partisan fallout that tends to impact equities more directly.