Key Takeaways:
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The price of Bitcoin is compiled while the market of President Trump’s 100-day speech awaits.
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More than $ 4.7 billion in BTC has been withdrawn from exchanges since April 22, reducing the supply and strengthening the price sensitivity required.
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Trump’s crypto policy clarity can spark a BTC surge, but tariffs can cap gains.
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Entrepreneurs said the Bitcoin price should cover the major hurdles above $ 95,000 before continuing to support $ 100,000 and more.
Bitcoin’s (Btc) The price is combined -s with a tight range between $ 91,700 and $ 95,850Leading Trump’s 100-day commemoration.
The market is waiting for Trump’s 100-day speech
Bitcoin investors adopted a wait-and-see approach ahead of US President Donald Trump’s Speaking to commemorate his th -100 days at the White House on April 29.
Crypto-related policies are known to be featured today in Trump’s second-term presidency, but markets are awaiting regulation updates that are specific to crypto in its economic policies.
The clarity on his administration’s strategic proposal can trigger a move to $ 100,000. However, the modified focus on tariffs or aggressive budget cuts can weigh in wider markets and Cap bitcoin’s upside down In a short time.
The Cryptocurrency Betting Polymarket platform predicts a 24% chance of Trump mentioning “crypto” or “bitcoin” in his 100-day speech today. Data from the platform showed users poured over $ 1 million in event bets.
Trump’s rhetoric can drive short-term price flows, as in the past. For example, for example, Bitcoin’s recent recovery From $ 74,400 to $ 94,000 is trump slightly Comments that tariffs on goods from China “will decrease significantly.”
While speaking can spark optimism and price spikes, greater market dynamics, including tariffs and global trade tensions, can be hot, as reflected in recent chapter -change of crypto market.
More than $ 4.7 Billion in BTC Leave exchanges
Aside from possible positive comments from Trump, Bitcoin’s denial of exchanges supports the bullish case for a rally to $ 100,000.
Investors have withdrawn more than 50,500 BTC (worth $ 4.7 billion) from exchanges since the macroeconomic tensions have been removed has caused a rally throughout the market.
The lower exchange supply reduces the available BTC for sale, boosting price sensitivity to request, which may increase after Tump’s speech.
When was BTC’s $ 100,000 price?
Bitcoin’s price is combined —s with the bottom of the $ 96,000 level in the last seven days, as data from Cointelegraph Markets Pro and Tradingview Shut up.
“BTC is slowly compressing and producing higher lows under 96K resistance,” Says Bitcoin’s popular analyst Alphabtc in a post of April 29 in X.
Related: Bitcoin targets $ 115k while BTC supply metric is close to ‘historic euphoria’ zone
As Cointelegraph reported, the The $ 95,000 level is a major objection that the bulls need to overcome to secure recovery.
“The more attempts at $ 95K, the more likely it is to push it,” Alphabtc insisted, adding that the squeeze would likely take Bitcoin to the desired 100,000 levels.
“I’m looking forward to a bigger pullback, but maybe not up to 100k is obtained.”
While doing similar observations, fellow analysts Daan Crypto Trades Says“The BTC price re -compresses the previous days after moving back to the previous range.”
According to the road crypto trades, one major level to watch on the downside is the 200-day simple moving average (SMA) within $ 89,500 and $ 91,000 range.
The main levels of resistance are the $ 99,5000 local high and “the large psychological $ 100k area,” the analyst explained, and addition:
“They are great levels to watch here in the intermediate term. Currently, this is a waiting game where it wants to go next season.”
As Cointelegraph reported, Healthy basis in the marketplace Bitcoin’s price can be pushed to have passed $ 100,000 in new hours.
Meanwhile, Peter Chung, head of research on the amount of the Presto trading firm, revived his prediction that Bitcoin will reach $ 210,000 in 2025.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
