Bitcoin (BTC) is currently trading at $106,332, displaying stability despite rising tensions in the U.S. related to immigration protests and the deployment of 2,000 National Guard troops to Los Angeles. Reports of over 100 arrests during clashes between protesters and federal agents have not appeared to faze crypto investors, with Bitcoin fluctuating modestly within a $1,057 range over the weekend.
After dipping below $105,100, Bitcoin found support near $105,400, which has held firm during several retests. This recovery was marked by buying interest, highlighting its appeal even amidst broader market uncertainties. According to CoinDesk Research's analysis, this price action indicates a bullish sentiment, with a potential target of pushing toward $107,000 if buying momentum continues.
Technical indicators suggest that Bitcoin broke key resistance levels around $105,900 to $106,100, only to face minor profit-taking afterward. As it stands, the higher-low pattern in the hourly chart implies ongoing buying interest, while further resistance levels are anticipated around $107,000. Defense Secretary Pete Hegseth has hinted that further military support could be mobilized if violence escalates, yet the crypto market seems to treat the current unrest as a localized issue rather than a broader crisis underlining its resilience in uncertain times.
This outlook reflects Bitcoin's emerging role as a perceived hedge, drawing buyers even in the face of geopolitical challenges. For those considering investments, the support level at $105,400 should be noted as a crucial area for potential trades.
After dipping below $105,100, Bitcoin found support near $105,400, which has held firm during several retests. This recovery was marked by buying interest, highlighting its appeal even amidst broader market uncertainties. According to CoinDesk Research's analysis, this price action indicates a bullish sentiment, with a potential target of pushing toward $107,000 if buying momentum continues.
Technical indicators suggest that Bitcoin broke key resistance levels around $105,900 to $106,100, only to face minor profit-taking afterward. As it stands, the higher-low pattern in the hourly chart implies ongoing buying interest, while further resistance levels are anticipated around $107,000. Defense Secretary Pete Hegseth has hinted that further military support could be mobilized if violence escalates, yet the crypto market seems to treat the current unrest as a localized issue rather than a broader crisis underlining its resilience in uncertain times.
This outlook reflects Bitcoin's emerging role as a perceived hedge, drawing buyers even in the face of geopolitical challenges. For those considering investments, the support level at $105,400 should be noted as a crucial area for potential trades.
