Bitcoin Surges Back After Trump-Musk Feud Causes Shock Price Crash—Here’s Where It Could Head Next
Bitcoin rapidly rebounds after a sharp drop sparked by Trump and Musk’s public spat—will the rally continue or is more volatility ahead?
- Bitcoin’s current price: $104,650
- May all-time high: Near $112,000
- Market cap: $2.07 trillion
- 2025 growth (YTD): +7.5%
Bitcoin’s price action stunned investors Thursday after a fierce online clash between US President Donald Trump and tech titan Elon Musk sent shockwaves through global markets. The world’s top cryptocurrency slipped nearly 5% to dip below $101,000 before bouncing back toward $104,000—all within hours.
This sudden volatility has left traders and enthusiasts scrambling for answers. The rapidly shifting market conditions underscore just how influential opinion leaders like Trump and Musk are—especially when they publicly spar via social platforms like X and Truth Social.
The Political Drama That Shook Bitcoin
Trump and Musk’s digital war of words played out in real time, rattling faith not only in Bitcoin, but also shaking broader investor confidence. Market analysts quickly tied Bitcoin’s drop to the timing of the spat, noting that the cryptocurrency had been comfortably trading in a steady $104,000–$106,000 band prior to the chaos.
Yet, as is often the case with crypto, optimism returned just as quickly. Within a single trading session, Bitcoin staged an impressive recovery, illustrating classic market resilience. Throughout May, Bitcoin had already dazzled bulls with a surge from $95,000 to set a new record high near $112,000—a sign of the ongoing 2025 crypto bull market.
Q&A: What Key Levels Should Investors Watch Now?
Q: Has the correction ended—or is more downside likely?
Market analyst Crypto Daan highlights two critical zones: $100,000 and $106,000. As long as Bitcoin remains in this band, it’s consolidating, preparing for its next major move.
Q: What happens if Bitcoin falls below $100,000?
If sellers overpower, further declines to $95,000 or even $85,000 are possible. Analysts warn this could mean 1-2 more weeks of choppy, bearish trading.
Q: How about the upside—could $120,000 be next?
A decisive push above $106,000 may confirm the correction is over, setting Bitcoin up for another bull run. New highs near $120,000 would be in play if buyers seize momentum.
How-to: Navigate Bitcoin’s 2025 Rollercoaster
- Monitor Key Prices: Set alerts for $100K and $106K. These ranges are pivotal support and resistance.
- Watch Market Sentiment: Track signals from top voices on X and on CoinMarketCap updates.
- Check Technical Indicators: The Relative Strength Index (RSI) is climbing and sits at 51.53. If it breaks above 70, Bitcoin will likely enter another buying frenzy.
Is Bitcoin Still the King? Here’s What the Numbers Say
Bitcoin’s $2.07 trillion market cap makes it not just the largest cryptocurrency, but the fifth-biggest asset worldwide. Even after the recent correction, the monthly chart is up over 7%, signaling enduring bullish sentiment.
Looking for alternatives? Ethereum (see ethereum.org) and Solana remain strong, but Bitcoin’s dominance is unshaken for now.
Seize the Opportunity: Track Breakout Levels, Stay Informed, and Act Fast!
Bitcoin Market Survival Checklist:
- ✅ Set up price alerts for $100,000 and $106,000
- ✅ Watch market reactions on major social media
- ✅ Follow technical signals (especially RSI)
- ✅ Beware FOMO and don’t chase hype
- ✅ Diversify—don’t put all your funds in one crypto asset
The next big Bitcoin breakout may be just around the corner—so gear up, stay sharp, and don’t miss the action.
References
