Bitcoin Remains Above $105.000 Despite Trump's Threats to Elon Musk

Bitcoin remains stable above $105.000 even after Donald Trump directed harsh words at Elon Musk. The crypto market seems unfazed by political tensions.

Trump Threatens 'Serious Consequences'

During a phone interview with NBC News, Trump said Elon Musk could face “very serious consequences” if he financially supports Democratic candidates, who oppose the Republican budget proposal. “If he does that, he will have to face the consequences,” Trump said.

When asked if he wanted to mend ties with Musk, Trump was clear: “No.” When asked if the conflict is final, he replied: “I think so, yes.”

Bitcoin Remains Unaffected

Despite the clash between two influential figures in politics and technology, the Bitcoin market has shown little reaction. The price has remained close to the highest level of the week. This suggests that traders may view Bitcoin as a safe haven or an asset that is independent of political tensions.

Technical analysis

• BTC moved within a range of $1.162 (1,13%), between $104.624 and $105.786.

• Strong support was found around $104.800 on high trading volumes.

• The resistance at $105.200 was broken and is now a support zone.

• High trading volume (378 BTC) around 13:43–13:46 and 13:53, on price breakouts.

• Brief consolidation between $104.300–$104.600 before closing rise.

• The upward price trend remains intact, indicating a healthy bullish pattern.

Frequently Asked Questions

Why did Trump threaten Elon Musk with sanctions?

Because Musk is considering supporting Democratic candidates who oppose the Republican budget plan.

How did Bitcoin respond to the political conflict?

Bitcoin remained remarkably stable, trading close to its weekly high.

What does technical analysis say about the BTC price?

The price broke through the $105.200 resistance and is still showing an upward channel, indicating a bullish trend.