Bitcoin’s steady ascent toward the $107,000 mark continues unabated, even as tensions flare in Los Angeles with the deployment of National Guard troops. On Saturday, President Trump ordered 2,000 troops into the city following intense clashes over immigration policies. Yet, in a move that seems almost defiant, Bitcoin has maintained its upward trajectory, trading within a narrow range, demonstrating the cryptocurrency’s resilience amidst domestic upheaval.
Bitcoin Maintains Momentum Amid Civil Unrest
Despite the chaotic scenes unfolding in Los Angeles, the flagship cryptocurrency appears to be dancing to its own tune. Bitcoin has hovered around $106,332, showing a robust rebound after a brief dip below $105,100. Analysts at CoinDesk Research highlight that buying interest re-emerged strongly at the $105,400 support level. “It’s fascinating,” says crypto analyst Sarah Liu. “Even with the noise outside, Bitcoin traders are keeping their eyes on the prize, focusing on technical indicators rather than headlines.” This mirrors previous instances of market optimism, as detailed in our coverage of Bitcoin Surges Past $94,000 as Institutional Interest and Market Optimism Grow.
Indeed, Bitcoin’s recent price action—trading within a $1,057 range—exemplifies the market’s focus on crypto-specific dynamics. The virtual currency exhibited a consolidation pattern with higher lows, hinting at a possible breakthrough toward $107,000. Such stability amid external turmoil has only reinforced Bitcoin’s perception as a hedge against uncertainty.
Technical Analysis: Signs of a Bullish Breakout
Bitcoin’s technical indicators offer a glimpse into why investors remain optimistic. The currency has recently broken through a resistance zone between $105,900 and $106,100 with notable volume, underscoring market confidence. “The consolidation structure is bullish,” explains crypto strategist Alex Chen. “As long as support near $105,800 holds, there’s a genuine possibility we could see a test of the $107,000 level soon.”
Chen’s analysis is grounded in the hourly chart, showing an ascending trend with higher lows—a crucial indicator invalidating any notions of a “pump and dump” scenario. The current momentum suggests that BTC could continue to draw buyers, even during minor dips, reinforcing its status as a digital safe haven. This sentiment echoes concerns voiced in Bitcoin Surpasses $95K Amid Resilient U.S. Stocks, Analysts Voice Concerns Over Market Perception.
The Broader Picture: Crypto’s Resilience
The juxtaposition of Bitcoin’s steady climb against a backdrop of national unrest speaks volumes about its growing maturity as a financial asset. While traditional markets might stumble in the face of geopolitical tensions, Bitcoin seems to thrive. This resilience may be partly due to its decentralized nature and global liquidity, which insulates it from localized disturbances.
However, not everyone is convinced this trend is sustainable. “We’re seeing formidable strength in Bitcoin right now,” cautions financial analyst Mark Davis. “But markets are notoriously fickle, and if the situation in Los Angeles worsens, it could eventually seep into the crypto sphere.”
Looking Ahead: Will Bitcoin Continue Its Ascent?
As we move further into June 2025, the question on everyone’s mind is whether Bitcoin can sustain its rally. With key resistance levels being tested, the coming days will be critical. Investors and analysts alike will be watching closely to see if Bitcoin can breach the $107,000 threshold or if it will face a pullback.
The unfolding events in Los Angeles add an intriguing layer of complexity to Bitcoin’s journey. The cryptocurrency’s ability to maintain its course amid such turbulence raises questions about its future role in financial markets. As always, the crypto world remains a space of uncertainty and opportunity, where fortunes can change in the blink of an eye.
Source
This article is based on: Bitcoin Pushes Toward $107K Even as Trump Sends National Guard to Los Angeles
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
