Despite ongoing political tensions in the United States and stern remarks from Donald Trump directed at Elon Musk, Bitcoin has successfully maintained its value above the $105,000 mark. Over the past 24 hours, Bitcoin’s price increased by 1.13%, rising from $104,624 to $105,786. This price stability reflects sustained investor confidence and the resilience of the market amid external pressures.
In a recent telephone interview, Trump warned that Musk would face “severe consequences” if he provided financial support to Democratic Party candidates. Trump made it clear that he does not intend to improve his relationship with Musk and advocates for strict actions against any financial backing extended to his political opponents. This dispute has evolved into a public feud between two prominent figures in American politics and technology, highlighting deep divisions within the current landscape.
Despite this political discord, Bitcoin’s price has remained stable, supported by strong buying interest from investors. Analysts suggest that Bitcoin is increasingly being perceived as a protective asset against the vulnerabilities of traditional financial systems, offering relative safety amid political conflicts and market volatility.
From a technical standpoint, Bitcoin has found solid support around the $104,800 level, which has contributed to its price stability. After surpassing the resistance at $105,200, this price point has shifted into a short-term support level. The upward price movement has been accompanied by an increase in trading volume, indicating robust market strength. Overall, Bitcoin appears to be establishing a rising channel, suggesting a positive trend outlook in the near future.
This analysis was prepared by CoinDesk Analytics, incorporating both AI tools and human review to ensure accuracy and transparency. According to analyst Siamak Mesnavi, the current scenario demonstrates Bitcoin’s ability to maintain its strength despite political tensions, solidifying its position as a focal point for investors.
Source: coindesk
