Bitcoin Holds Steady Above $106K Amidst U.S. Tensions and Military Threats

Bitcoin remains robust above $106K, closing at $106,332 even as political tensions escalate in Los Angeles. Trader sentiment holds steady despite unrest, supported by strong market dynamics. With resistance around $106,100 and solid buying at $105,400, BTC may be gearing up for a possible push towards $107,000.

In an unexpected twist amidst escalating U.S. political tensions, Bitcoin has managed to hold steady above the $106,000 mark, closing at $106,332 after a modest 0.78% gain. Over the past 24 hours, the cryptocurrency fluctuated between $105,043 and $106,101. Surprisingly, traders seem largely unfazed by the chaotic atmosphere in Los Angeles, where protests have led to confrontations with police and the looming threat of military intervention.

Despite rising political tensions, Bitcoin shows resilience and could be on the cusp of a further upswing if it manages to break through resistance levels. The combination of ongoing buying interest and solid technical indicators points towards continued bullish sentiment, even with a backdrop of civil unrest. It appears many investors view the current situation as a local rather than a widespread crisis, keeping their focus on the cryptocurrency’s performance.

Original Source: www.coindesk.com