Bitcoin (BTC)
experienced a steady rise on Saturday amid escalating U.S. domestic tensions.
Market focus remained on cryptocurrency resilience, despite troubling news, including a standoff regarding immigration in Los Angeles.
According to a report, over 100 arrests occurred as protests clashed with federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, as reported.
Further warnings came from Defense Secretary Pete Hegseth that U.S. Marines at Camp Pendleton might also be mobilized if violence continues. Nevertheless, Bitcoin’s consistent price of $106,332 indicates that crypto investors remain unfazed, viewing the situation as a localized issue rather than a market crisis.
Bitcoin fluctuated within a narrow range of $1,057, trading from $105,043 to $106,101, currently sitting at $106,332. The price showed a strong recovery after briefly dropping below $105,100, as demand increased around the $105,400 support level, according to RialCenter’s technical analysis model.
An initial breakout above $106,100 met resistance, resulting in a high-volume sell zone. This was short-lived as profit-taking began, with the cryptocurrency maintaining its gains. The consolidation pattern remains positive, with higher lows suggesting a potential move toward $107,000 if resistance is successfully breached.
Despite broader economic challenges, BTC continues to draw buyers during downturns, reinforcing its perception as a protective asset amid growing uncertainty.
Technical Analysis Highlights
- BTC traded within a $1,288 range (1.22%), recording a low of $105,043.65 and a high of $106,332.
- Resistance near $105,900–$106,100 was overcome as the price surged above this range with substantial volume during the early afternoon.
- Support at $105,400 remained strong despite multiple retests, bolstering bullish sentiment.
- A breakout to $106,332 transpired around 13:48, followed by minor profit-taking and stabilization above $106,000.
- The hourly chart exhibits an upward trend with consistent higher lows, dispelling earlier “pump and dump” theories.
- With momentum intact, BTC may challenge the $107,000 resistance if support holds near $105,800.
Disclaimer: Portions of this article were generated with AI assistance and reviewed by the RialCenter editorial team to ensure accuracy and compliance with our standards. For more information, see RialCenter’s full AI Policy.