Quaid Sanders
Bitcoin Surges Higher Despite U.S. Turmoil—Is a Breakout to $107K Next?
Bitcoin climbs past $106,000 as U.S. protests and military deployments grip headlines—why crypto investors are staying bullish in turbulent times.
• Bitcoin stabilizes at $106,332, up 1.2% in 24 hours
• National Guard: 2,000 troops deployed amid L.A. protests
• Resistance at $106,100 broken with high volume
• Potential breakout to $107,000 if bullish trend holds
Bold moves in both politics and finance defined this weekend. While U.S. cities simmered with unrest, Bitcoin quietly flexed its resilience, refusing to buckle under pressure. As headlines blazed with reports of more than 100 arrests in Los Angeles and the deployment of National Guard troops, the world’s leading cryptocurrency sent a clear message: the crypto market marches to its own beat.
The persistent unrest triggered rapid tactical responses. By Sunday, the 79th Infantry Brigade was already on the ground, and the Pentagon signaled that U.S. Marines might join if the crisis worsens. Yet, in the shadows of these dramatic developments, Bitcoin stayed locked in a tight range, with fierce buying at every dip.
Visit CoinDesk and CNBC for ongoing coverage of both crypto markets and breaking U.S. events.
Q: Why Isn’t Bitcoin Reacting to U.S. Political Chaos?
Crypto traders seem unmoved by escalating tensions. Their focus remains on Bitcoin’s technical patterns—rather than social or political upheaval. As Bitcoin traded within just a $1,288 daily range, technical analysis revealed key support at $105,400, with buyers resolutely stepping in to absorb any selling pressure. This resilience underlines Bitcoin’s emerging reputation as a hedge amid global instability.
How Did BTC Technicals Defy the Headlines?
The market structure stayed bullish throughout the weekend:
– Resistance between $105,900 and $106,100 broke convincingly as buy volume poured in Saturday afternoon.
– Every attempt to push Bitcoin below $105,400 failed, reinforcing the bullish stance.
– After touching $106,332, some sellers locked in profits, but Bitcoin maintained levels above $106,000.
– Higher lows on the hourly chart invalidated worries about a short-lived “pump and dump.”
All eyes are now on the $107,000 resistance. If current support levels persist, bulls may soon get their breakout.
Q: What Could Push Bitcoin Even Higher?
Analysts point to robust demand on every price dip. With uncertainty swirling in traditional markets and on American streets, many investors are doubling down on “digital gold.” If the current buying momentum continues and resistance near $107,000 is breached, expect new highs.
For real-time performance across global markets, follow updates on Bloomberg and the latest on digital assets from Binance.
How to Trade Bitcoin During Volatile News Cycles
1. Watch key technical zones—support at $105,400 and resistance at $107,000.
2. Stay alert for sudden news that can shift sentiment fast.
3. Don’t chase pumps; wait for confirmation of breakouts.
4. Diversify: don’t put all your capital in one volatile asset.
Stay ahead of the curve—sign up for top crypto newsletters, track the charts, and keep your portfolio ready!
Recap Checklist:
- Bitcoin remains stable above $106K despite U.S. unrest
- Strong technical support reinforces bullish stance
- Bulls target breakout above $107K resistance
- Monitor geopolitical developments impacting sentiment
References
