Crypto Shake-Up: Bitcoin Bounces Back After Trump and Musk Collide, Is $120K the Next Stop?
Bitcoin tumbles after Trump-Musk showdown, then rebounds. Experts eye new highs—here’s what every investor should watch now.
- Bitcoin’s recent high: $112,000 (May 2025)
- Current price: $104,650 (up 2.98% daily)
- Market cap: $2.07 trillion—5th largest asset globally
- Critical range: $100,000 – $106,000
Bitcoin kicked off June with fireworks, but not the kind traders hoped for. A very public clash between former U.S. President Donald Trump and billionaire innovator Elon Musk ignited volatility in the crypto market. Their online sparring sessions, spread across social media platforms like X and Truth Social, rattled confidence and sent Bitcoin tumbling from its steady $104K–$106K range to just under $101,000.
Yet, the world’s leading cryptocurrency wasted no time clawing back. By Friday, Bitcoin snapped back to $104,650, fueling speculation: is this a storm before its next record-breaking surge?
Q: Why Did Bitcoin Fall After the Trump vs. Musk Clash?
The falling out between Trump and Musk—two of the most influential figures on the internet—sparked immediate uncertainty. Investors, sensitive to global power dynamics that could sway financial regulations or tax policies, dumped their digital holdings in the wake of their social media spat. The dip was swift, dramatic, and short-lived—classic crypto volatility.
Q: Where Could Bitcoin Go Next—$120K or $85K?
Crypto analyst Daan Crypto highlights a tense battleground: the $100,000–$106,000 price range.
– If bearish pressure pushes Bitcoin below $100K, it could slide further, with support at $95K and even $85K.
– But if bulls retake $106K, Bitcoin could embark on a fresh run, possibly smashing through $120,000 for another all-time high.
Market sentiment for June remains bullish, with the RSI (Relative Strength Index) climbing toward the overbought zone—a historical precursor to big upward moves.
How to Spot the Next Bitcoin Breakout
Watch for a decisive move above $106,000 on strong daily volume. Momentum here could signal the end of the recent correction, setting up a sprint toward $120,000. On the flip side, sustained closes below $100,000 may warn of tougher weeks ahead.
Check live prices and technical analysis on trusted platforms like CoinMarketCap and stay updated on regulatory news via Cointelegraph.
Q: Is Bitcoin Still on Track for a Bull Market in 2025?
Absolutely, according to broad market trends. May’s performance—up 7.49% month-over-month and topping $112,000—confirms that crypto bulls still dominate. Major institutions, ongoing ETF inflows, and increasing adoption by governments continue to propel Bitcoin’s value globally.
How to Protect Your Crypto Investments Now
1. Set price alerts for key levels: $100K and $106K.
2. Diversify across multiple assets and wallets.
3. Follow markets and leaders on platforms like X and Reuters.
4. Monitor U.S. policy developments—political trends can swing crypto prices wildly.
5. Consider risk management: only invest what you can afford to lose.
Stay ahead of the next Bitcoin move—follow these essential steps and never miss a market-defining shift!
- Monitor Bitcoin’s price action between $100K–$106K.
- Track political news involving top tech and government figures.
- Read up-to-date analysis on reliable news outlets.
- Set alerts and don’t let emotion dictate your trades.
