Bitcoin Holds Above $105K Despite Trump-Musk Feud Escalation

Bitcoin (BTC) held steady above $105,000 on Saturday, showing resilience amid political tension between Donald Trump and Elon Musk. In a confrontational NBC News interview, Trump warned Musk of "serious consequences" if the Tesla and X CEO supports Democratic candidates opposing Republican budget legislation. "He’ll have to pay very serious consequences if he does that,” Trump stated, adding the rift with Musk is likely permanent.

Despite the high-profile fallout between two major U.S. influencers, Bitcoin remained unaffected. The cryptocurrency stayed close to its weekly highs, reinforcing its role as a hedge against political turmoil and institutional uncertainty. Analysts suggest BTC’s growing appeal as an apolitical asset may help buffer it from volatility that typically impacts equities during partisan clashes.

Bitcoin traded within a tight 24-hour range between $104,624 and $105,786, marking a modest 1.13% fluctuation. Notably, BTC broke above the $105,200 resistance level, which has since turned into short-term support. Volume peaked at 378 BTC during key breakout moments, particularly between 13:43 and 13:53 UTC, highlighting strong bullish sentiment.

Earlier, BTC briefly consolidated between $104,300 and $104,600 before rallying again. Technical indicators show an ascending price channel remains intact, confirming a bullish trend despite short-term pullbacks. The confirmation of support at $104,800 on above-average volume indicates continued buyer interest.

As geopolitical tensions rise, Bitcoin’s stable performance underlines its potential role as a safe-haven asset, particularly when traditional markets face uncertainty. The ongoing Trump-Musk conflict, while likely to stir traditional sectors, has yet to faze crypto investors. With market structure intact and bullish momentum holding, BTC may remain insulated from political noise heading into next week.