Bitcoin (BTC) rose to $107,000 over the weekend, trading around $106,332 despite domestic uncertainty in the US.
President Trump deployed 2,000 National Guard personnel in Los Angeles amid an immigration-related standoff.
BTC showed strong support at $105,400, breaking resistance of around $106,100 with strong volume.
Bitcoin (BTC) continued its steady rise over the weekend, trading above $105,623.12, pushing towards the $107,000 mark despite growing domestic tensions in the US, particularly in Los Angeles.
The cryptocurrency market is almost astounded by the volatile headlines, showing some resilience that underscores the growing perception as a hedge of uncertainty.
The background to Bitcoin’s stable performance was a key immigration-related standoff in Los Angeles.
The situation saw more than 100 arrests as clashes continued between protesters and federal agents, according to a CNBC report.
This has urged President Trump to deploy a 2,000-person National Guard force to the area.
By Sunday morning, elements of the 79th Infantry Brigade had arrived on site, as confirmed by the Northern Command.
The possibility of further escalation was highlighted by Secretary of Defense Pete Hegses. Pete Hegses warned that if violence continues, the US Marines stationed in Camp Pendleton could also be mobilized.
Despite these important domestic developments, Bitcoin’s price action has been significantly stable, hovering around $106,332 by Sunday.
This suggests that crypto investors are now treating anxiety as a local community event rather than a systemic crisis that can derail the digital asset market.
Technical Photo: Integration from the Bullish Bottom
Bitcoin traded within a relatively narrow range over the weekend, volving around $1,057 between a high of $105,043 and $106,101 before pushing it to its current level to about $106,332.
According to Coindesk Research’s technical analysis model, the price showed strong rebound after a robust reappearance of a support level of $105,400 after a short DIP of less than $105,100.
Early attempts beyond the $106,100 mark were encountered sales pressure, creating a massive zone of resistance.
This upward movement was initially short-lived to make money, but Bitcoin was successful.
The overall integrated structure remains bullish, with a consistent pattern of higher and lower values suggesting a possible lasting push towards the $107,000 level if immediate resistance breaks cleanly.
Despite the broader macroeconomic headwinds, this trend in which Bitcoin attracts buyers during dips further underscores its role as a hedge in an era of increasing uncertainty.
Key technology levels and market dynamics
A closer look at technical indicators provides further insight into Bitcoin’s recent price action and potential short-term movements.
Trade Scope: The BTC was traded within a low of $105,043.65 and a 24-hour high of $106,332 (representing 1.22% of its value).
Resistance break: Initial resistance observed around 105,900The 106,100 zone was decisively destroyed as prices rose beyond the region with strong trading volumes early in the afternoon.
Support Hold: Despite some retests, the $105,400 support level is held firmly, reinforcing the bullish sentiment that is common in the market.
Breakout and Stabilization: A clear breakout to $106,332 occurred around 13:48, followed by activities that made small profits before the price exceeded $106,000.
Ascending trend: The hourly chart reveals ascending trends characterized by consistent high and low values. This is a pattern that overrides previous interpretations of the “pump and dump” scenario.
Next target: As the current momentum remains intact, market analysts suggest that BTC could potentially test resistance levels of $107,000.
This technical picture, coupled with the obvious decoupling from Bitcoin’s localized domestic struggle, portrays a careful, optimistic outlook for major cryptocurrencies as we navigate the complex global landscape.
