Bitcoin recovers $105,000 target following dip caused by Trump/Musk feud.
Their very public breakup led to BTC falling to $100,000.
Analysts notice BTC weekly candle turning green.
The crypto market saw an unexpected price dip caused by a public disagreement between US President Donald J. Trump, and tech titan and Founder of Tesla and SpaceX, Elon Musk. The Trump/Musk feud led to BTC price dropping to the $100,000 price level. Since then, in a very short time, Bitcoin recovered back to the $105,000 price level showing strength, resilience, and the steady bullish nature of the pioneer cryptocurrency.
https://twitter.com/AltcoinDaily/status/1931414487585997235 Trump/Musk Feud Deflates
In two days, the crypto market sees a speedy recovery from the price of BTC falling to the $100,000 price. This sudden price drop was caused by a very public dispute between the current President of the United States of America, Donald J. Trump, and tech titan and Founder of Tesla and SpaceX, Elon Musk. The two threw public insults at each other on social media and challenged one another towards further escalating the matter.
To highlight, the feud began with Trump introducing the One Big Beautiful Bill Act. This act would present huge tax breaks and divert the people’s funds towards increased border patrol and defense. Musk responded to this bill in outrage accusing all those in favor of the bill to be betraying the American people. In fact, he believes these funds are being wasted on unnecessary ventures.
Elon Musk left the Department of Government Efficiency (DOGE) where he stood by Trump as an advisor. He left this post after about 3 months of working by Trump’s side and helping cut costs for the government. Thus, his fury at the new bill seems reasonable. Trump responded to Musk by sharing his disappointment by the reaction to which Musk reveals Trump’s connection to the Epstein files.
In response, Trump threatened to dissolve Musk’s governmental subsidiaries and contracts and save the government billions in funds. Finally, Musk responded by calling Trump ungrateful claiming he never would have won the Presidency without his support. All in all, their very public breakup led to a decline in both Tesla share prices as well as the price of many assets in the crypto market.
Bitcoin Weekly Candle Turns Green
https://twitter.com/BTC_Archive/status/1931349121920590171
Despite the theatrics, the noise seems to have dwindled, showcasing a speedy recovery for the crypto market with Bitcoin price already back up to the $105,000 price range. As we can see from the post above, the Bitcoin weekly candle just turned green, hinting at mega-bullish pump possibilities for Bitcoin (BTC) if the chart holds up until Sunday close.
https://twitter.com/DrProfitCrypto/status/1931362982321123500
Meanwhile, another reputed analyst, Doctor Profit, known for his several accurate silver-tongued predictions about the crypto market, reminds the community of the imperative need to keep calm. As we can see from the post above, he highlights how many panicked over a 5% dip in the last two days. He says that smart money stayed silent and went fishing instead. So, while the price recovered in time for their return, it shows how holding in times of panic is a strong strategy.
