Bitcoin Pushes Toward $107K Even as Trump Sends National Guard to Los Angeles
Bitcoin (BTC) demonstrated resilience amidst escalating domestic tensions in the U.S., maintaining a steady upward trajectory on Saturday. Despite significant unrest, including over 100 arrests reported by CNBC during clashes between protesters and federal agents in Los Angeles, Bitcoin’s price remained largely unaffected. President Trump’s authorization of 2,000 National Guard troops, and subsequent warnings of potential Marine deployment from Defense Secretary Pete Hegseth, failed to trigger a market-wide sell-off.
This suggests that crypto investors view the situation as a localized event rather than a systemic risk. Bitcoin traded within a narrow range of $1,057, fluctuating between $105,043 and $106,101, ultimately settling near $106,332. The price action showed remarkable stability, rebounding strongly after a brief dip below $105,100. Buying interest re-emerged around the $105,400 support level, indicating robust underlying demand.
Technical analysis reveals a bullish consolidation pattern. An initial breakout above $106,100 encountered selling pressure, creating a high-volume resistance zone. However, profit-taking was relatively minor, with Bitcoin retaining its gains. The consistent formation of higher lows reinforces a bullish outlook, suggesting a potential push towards $107,000 if resistance is decisively broken.
Over the 24-hour period, BTC traded within a 1.22% range, between $105,043.65 and $106,332. Resistance between $105,900 and $106,100 was successfully overcome with strong volume. Support at $105,400 held firm, further bolstering bullish sentiment. The hourly chart displays a clear ascending trend, characterized by consistently higher lows, invalidating earlier “pump and dump” interpretations. Maintaining its upward momentum, BTC is poised to challenge the $107,000 resistance level, provided support near $105,800 remains intact. The continued buying pressure during dips underscores Bitcoin’s perceived role as a safe haven asset amidst growing uncertainty. This sustained demand, despite broader macroeconomic headwinds, highlights Bitcoin’s enduring appeal as a hedge against risk.
