Will Trump’s speech of 100 days end Bitcoin’s “compressing” range?

The key takeaways

• Bitcoin price is consolidating in anticipation of President Trump’s 100-day address.

• Since April 22, over $4.7 billion worth of BTC have been removed from the exchanges, thereby reducing BTC supply and increasing price sensitivity.

• Trump’s clarity on crypto could spur a BTC upsurge, although tariffs might limit gains.

• Bitcoin traders say the price of bitcoin must pass key milestones over $95,000 to continue its upward trend towards $100,000.

Bitcoin’s (BTC( The price has been consolidating within a narrow range between $91,700 and $95,850Trump’s rally to commemorate 100 days of his presidency.

The market awaits Trump’s 100-day address

Bitcoin investors are waiting and watching ahead of US president Donald Trump’s announcement. speech to commemorate his 100th day White House April 29. 

Markets are waiting for updates to his crypto-specific regulations on economic policies.

Clarity regarding his administration’s proposal for a strategic Bitcoin reserve could lead to a rise towards $100,000. A renewed focus on budget cuts or tariffs could impact the broader market. cap Bitcoin’s upside In the short-term

Polymarket, a cryptocurrency betting platform, predicts that Trump will mention it 24% of the time. “crypto” You can also find out more about “Bitcoin” In his speech of today, he spoke about the 100th day. Users had bet over $1 million on the match, according to data collected by the platform.

Trump’s rhetoric may cause short-term spikes in prices, as it has done before. You can, for example. Bitcoin’s recent recovery Trump’s presidency explains in part the increase from $74,400 up to $94,000 comments Taxes on imports from China “will come down substantially.” 

The speech could spark price surges but broader market dynamics such as trade wars, tariffs or global tensions may dampen gains. Recent crypto market fluctuations are a good example.

BTC Exchanges: Over $4,7 billion worth of BTC leaves

Bitcoin’s decreasing supply on exchanges, aside from any positive remarks from Trump could support the bullish argument for a rise to $100,000.

Since the market rally was sparked by easing of macroeconomic tensions, investors have removed over 50.500 BTC worth $4.7 billion from exchanges.

A lower exchange supply will reduce the amount of BTC available for sale, increasing price sensitivity. This could increase after Tump’s speech.

How much is $100,000 BTC worth?

Data from Cointelegraph Markets Pro You can also find out more about the following: TradingView shows.

“BTC is slowly compressing and making higher lows under 96K resistance,” said AlphaBTC is a Bitcoin expert who has been featured on X.com in a post dated April 29, 2014. 

Related: Bitcoin targets $115K as BTC supply metric nears ‘historic euphoria’ zone

Cointelegraph reports that as of the $95,000 level is a key resistance The bulls had to be overcome in order to ensure the recovery.

“The more attempts into the $95K, the more likely it will push through,” AlphaBTC said that Bitcoin is likely to reach 100,000, as the squeeze continues.

“I expect a bigger pullback, but probably not until 100K has been taken out.”

Daan Crypto trades, a fellow analyst who made similar observations. said, “BTC Price is compressing again the past few days after the move back into the previous range.”

Daan Crypto Trades says that the 200-day moving average is a critical level for the downside. This range lies between $89,500 to $91,000.

Local highs of $995,000 are considered major resistance levels. “the big psychological $100K area,” “The analyst added that:

“Those are good levels to watch here in the intermediate term. Currently, it is just a waiting game of where this wants to head next in the short term.”

Cointelegraph published a report on this. healthy market fundamentals Bitcoin could rise to new heights, surpassing $100,000.

Peter Chung has confirmed his previous prediction. Bitcoin will reach $210,000 In 2025, there will be a new generation of borrowers.

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.