Bitcoin Defies Political Turmoil: Trump-Musk Feud Fails to Shake BTC Above $105K

Bitcoin showcased its resilience this weekend, holding steady above $105,000 despite escalating tensions between former President Donald Trump and tech billionaire Elon Musk. The feud, which could have rattled traditional markets, seemed to have little effect on Bitcoin's bullish trajectory.

The Trump-Musk Feud Escalates

In a recent interview, Trump warned Musk of "serious consequences" if he financially supported Democratic candidates opposing the GOP's budget bill. This public spat between two of the most influential figures in U.S. politics and technology has drawn significant attention, yet Bitcoin's market remained unfazed.

Bitcoin's Market Performance

• BTC gained 1.13% in the past 24 hours, climbing from $104,624 to $105,786.
• Strong support formed at $104,800, with above-average volume confirming buyer interest.
• Resistance at $105,200 was broken and has since flipped into a short-term support zone.

Technical Analysis Highlights

• 24-hour range: $1,162 (1.13%), from a low of $104,624 to a high of $105,786.
• Volume peaked at 378 BTC during key breakout moments.
• An ascending price channel remains intact, showing bullish structure despite intermittent pullbacks.

This stability suggests that traders may increasingly view BTC as a hedge against institutional dysfunction, insulated from the partisan fallout that tends to impact equities more directly.