Bitcoin $105,640.39Despite the increase in disputes between Trump and Musk, which led to controversy in the United States, it continued to be valued over $ 105,000 at the end of the week. It is estimated that this tension between the leading political and technology figures of the USA may affect traditional markets next week. However, it was observed that this tension in the crypto market did not have a significant negative effect on Bitcoin.
Political tension between Trump and Musk
US President Trump, in a telephone interview with the NBC News, Elon Musk’ın financial support to democratic candidates may face serious consequences, he stressed. While Trump clearly warned Musk, he said that the disconnection in the relationship was permanent. This tension came to the fore as an important debate in US politics.
Donald Trump: “If he does this, he will have to endure the consequences for this. He has to endure very serious consequences.”
Trump’s statements led to interpretations that the relationship between the parties has reached an irreparable degree, considering that Musk frequently mentioned his past support. Since both names have effective roles in US politics and technology world, developments are closely followed.
Technical Assessment in Bitcoin Market
In the days of political developments, the price of Bitcoin maintained its stable course. According to the technical analysis, Bitcoin was traded between 104,624 and $ 105,786 in a range of $ 1,162 in 24 hours. During this period, one of the important support levels of crypto currency was formed at $ 104,800, and the transaction volume at this level rises and revealed the interest of the buyer.
While the significant resistance point was pointed out as 105.200 dollars, this level turned into a support zone for a short time and allowed Bitcoin to maintain its upward movement. Especially in 13: 43–13: 46 and 13:53, short -term summits were observed in the transaction volume. The price was consolidated in the range of $ 104,300–104,600 for a while and after it entered the rise trend again.
The price channel for the rise in Bitcoin is still valid and the positive structure continues despite intermediate corrections. Analysts point out that these data and Bitcoin’s market movements evaluate the digital presence of investors as an alternative to traditional market turmoil.
In the crypto market, despite political developments, Bitcoin does not react directly like other investment instruments. Experts emphasize that Bitcoin moves more independently on market dynamics and may be a safe port for investors against global developments.
As a result of political strife in the United States, the level of influence of the Bitcoin market is limited, unlike traditional markets. This reveals once again the importance of digital assets in terms of portfolio diversification. Technical indicators show that existing price levels tend to protect, while sensitivity to macroeconomic or political developments is low.
In the light of the current information, Bitcoin is not affected by the tension between the important political figures in the USA and is able to maintain its level of around $ 105,000. Accordingly, Bitcoin’s tendency to stay stable against the expected mobility and possible fluctuations in traditional markets is prominent. Investors can once again evaluate Bitcoin’s importance as an alternative tool against general volatility in the market. The level of volatility of the crypto money market can often tend to isolate from external political developments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
