Main takeout:
The price of Bitcoin is integrated while the market is waiting for President Trump’s 100 -day speech.
BTC’s $ 4.7 billion has been withdrawn from the exchange since April 22, reducing supply and increasing price sensitivity to demand.
Trump’s cryptocurrency clarity can lead to a surge in BTC, but tariffs can benefit.
Traders say Bitcoin prices should remove more than $ 95,000 before they continue to rise to $ 100,000.
Bitcoin’s (BTC) prices are integrated in a strict range between $ 91,700 and $ 95,850 ahead of Trump’s 100 -day commemorative rally.
The market is waiting for Trump’s 100 -day speech.
Bitcoin investors adopted an approach waiting for the US President Donald Trump to commemorate the 100th day at the White House on April 29.
Cryptocurrency policies have emerged prominent in Trump’s second presidential position, but the market is waiting for a specific regulatory update of his encryption on his economic policy.
The clarity of his administration’s strategic bitcoin preliminary proposal can be moved to $ 100,000. But the new focus of tariffs and aggressive budget cuts is a wider market and a short -term weight on the rise of Bitcoin.
Cryptocurrency Betting Platform PolyMarket predicts a 24% chance of Trump’s mention of “Crypto” or “Bitcoin” in a 100 -day speech today. According to the data from the platform, the user spent more than a million dollars in the event.
Trump’s investigation, like the past, can increase short -term prices. For example, Bitcoin’s recent recovery from $ 74,400 to $ 94,000 was partially fueled by Trump’s opinion that the tariffs on China’s products would be “actually lowered.”
The speech can cause optimism and price surge, but as you can see from the recent changes in the encryption market, a wide range of market dynamics, including tariffs and global trade tensions, can strengthen profits.
More than $ 4.7 billion in BTC vacation exchange
Apart from Trump’s possible positive opinions, Bitcoin’s reduction in the exchange of exchanges supports the optimistic event of a rally for $ 100,000.
Since the macroeconomic tension triggered the rally of the entire market, investors withdrew 50,500 BTCs (worth $ 4.7 billion) from the exchange.
The lower the replacement supply, the decrease the sales BTC, which can amplify the price sensitivity to the demand, which can increase after Tump’s speech.
When is the $ 100,000 BTC price?
Bitcoin Price has been integrated into less than $ 96,000 in the last seven days, according to data from COINTELELEGRAPH Markets Pro and TradingView.
“BTC is slowly compressing and creating a higher lowest level across 96K resistance,” said Bitcoin analyst Alphabtc, a popular Bitcoin analyst in the April 29 post.
relevant: Bitcoin is aimed at $ 115K for BTC Supply Metric Epper ‘S Historic Euphoria’zone.
As reported by COINTELEGRAPH, the level of $ 95,000 is the core resistance necessary for the bull to overcome to secure recovery.
Alphabtc said, “The more attempts you are to $ 95K, the more likely you will be pushed.
“I expect a bigger fullback, but probably not until 100K is turned off.”
Fellow analyst DAAN CRYPTO Trades said similar observations, saying, “The price of BTC is being compressed again for the last few days after returning to the previous range.”
According to the DAAN CRYPTO Trades, the key levels viewed in the disadvantages are simplicity (SMA) 200 days within $ 89,500 and $ 91,000.
The main resistance level is the highest region of $ 99,5000 and the “big psychological $ 100K area”, the analyst added:
“They are a good level that can be seen here in the middle.
As reported by Cointelegraph, Healthy Market Fundamentals can be promoted at a new all -time high with a Bitcoin price of more than $ 100,000.
Meanwhile, Peter Chung, the researcher of Presto, a quantitative trading company, repeatedly predicted that Bitcoin would reach $ 210,000 in 2025.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.