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Bitcoin (BTC) has experienced significant volatility amid the online feud between Donald Trump and Elon Musk, dropping to a one-month low near $100,000. Analysts suggest the cryptocurrency may be gearing up for a major breakout toward new all-time highs.
- Bitcoin dropped to a one-month low near $100,000 amid volatility fueled by the Trump-Musk feud but rebounded 4.5% to $104,224.
- Analysts compare current price action to 2024 trends, suggesting BTC may be consolidating before a breakout toward $120,000.
- A bullish falling wedge formation indicates potential upside if BTC holds $105,000, while a drop below recent lows could signal further correction.
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