Bitcoin Rises Above $106K Despite Political Unrest and National Guard Deployment in Los Angeles
Bitcoin extended its gains on Saturday, climbing 0.78% to hold above $106,000, even as escalating domestic tensions in the U.S. sparked concerns over potential military involvement. The crypto market showed remarkable resilience, shrugging off headlines that would typically spook risk assets.
BTC traded in a narrow band, with prices ranging between $105,043 and $106,332, amid heightened political volatility. At the center of the unrest is an immigration-related standoff in Los Angeles, where over 100 people have been arrested following clashes between demonstrators and federal agents, according to CNBC.
In response, President Trump authorized the deployment of 2,000 National Guard troops, with units from the 79th Infantry Brigade arriving on-site by Sunday morning. Defense Secretary Pete Hegseth further warned that U.S. Marines stationed at Camp Pendleton may be mobilized if violence continues.
Despite the tense backdrop, Bitcoin pushed higher, reaching $106,332 and showing renewed strength after briefly dipping below $105,100. Buying activity reemerged around the $105,400 support level, signaling strong dip demand and technical conviction.
Technical Snapshot:
- 24-Hour Range: $105,043 – $106,332 (+1.22%)
- Support Held: $105,400 level confirmed through multiple retests
- Resistance Flipped: Early resistance at $105,900–$106,100 breached with high volume
- Breakout Move: BTC surged to $106,332 at 13:48 UTC, followed by consolidation
- Trend Structure: Hourly chart shows ascending pattern with higher lows
- Momentum Outlook: Sustained price above $106K keeps focus on $107,000 target
Market observers note that the consolidation structure remains bullish. With higher lows and resilient demand, BTC appears poised to challenge the $107,000 resistance—provided the current support near $105,800 remains intact.
While broader macroeconomic risks and political unrest remain in play, Bitcoin’s stability signals investor confidence in its role as a potential hedge in uncertain times.
