The main dishes to remember:
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The Bitcoin price is consolidated while the market awaits President Trump’s 100 -day speech.
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More than $ 4.7 billion in BTC have been withdrawn from scholarships since April 22, reducing supply and increasing the sensitivity of prices on demand.
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The clarity of Trump’s cryptography policy could trigger an increase in the BTC, but the prices can cap the gains.
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Traders say that the price of bitcoin must erase key obstacles greater than $ 95,000 before continuing the trend at $ 100,000 and beyond.
The Bitcoin (BTC) price is consolidated in a tight range between $ 91,700 and $ 95,850, before Trump’s commemorative rally at 100 days.
The market is waiting for the 100 -day Trump speech
Bitcoin investors adopted an expected approach to the speech of American president Donald Trump to commemorate his 100th day in the White House on April 29.
Until now, crypto policies have been presented in the presidency of Trump’s second term, but the markets are waiting for regulatory updates specific to cryptography on its economic policies.
Clarity on the Bitcoin strategic reserve proposal of his administration could trigger a movement to $ 100,000. However, a renewed concentration on aggressive prices or budget cuts could weigh on broader markets and the short -term bitcoin rise.
The Paris Crypto-Monnaie Polymarket Paris platform predicts 24% like Trump mentions the “crypto” or “bitcoin” in his 100-day speech today. Platform data showed that users have paid more than a million dollars in betting on the event.
Trump’s rhetoric could lead to short -term price overvoltages, as in the past. For example, the recent Bitcoin recovery from $ 74,400 to $ 94,000 was partly fueled by Trump’s comments according to which prices on Chinese goods “will drop considerably”.
Although discourse can arouse optimism and price peaks, a wider market dynamic, including global prices and trade tensions, could temper gains, as seen with recent fluctuations in the cryptography market.
More than $ 4.7 billion in BTC leaves on leave
In addition to any positive comments from Trump, the drop in the Bitcoin offer on the scholarships supports the optimistic case for a rally to $ 100,000.
Investors have withdrawn more than 50,500 BTC (worth $ 4.7 billion) from exchanges since the relaxation of macroeconomic tensions sparked a rally on the market.
The lower exchange offer reduces the BTC available for sale, amplifying the sensitivity of prices on demand, which could increase after Tump’s speech.
When $ 100,000 BTC Price?
The price of Bitcoin has consolidated below the level of $ 96,000 in the last seven days, as shown by Cointelegraph Markets Pro and TradingView data.
“BTC compresses slowly and makes higher stockings under a resistance to 96K,” said popular analyst Bitcoin Alphabtc in an article on April 29 on X..
In relation: Bitcoin targets $ 115,000 as BTC Supply Metric approaches the Historical Euphoria area
As Cointtelegraph reported, the level of $ 95,000 is a key resistance that the bulls had to overcome to guarantee the recovery.
“The more attempts in the $ 95,000, the more likely it will be,” said AlphaBTC, adding that compression will probably bring Bitcoin to the 100,000 sought after.
“I expect a bigger withdrawal, but probably not before 100k was withdrawn.”
While making similar observations, the colleague analyst Daan Crypto Trades said: “BTC Price compresses again in recent days after the previous beach.”
According to Daan Crypto Trades, a key level to be monitored on the decrease is the simple 200 -day mobile average (SMA) in the range of $ 89,500 and $ 91,000.
The main levels of resistance are the high $ 99,5000 premises and “the large psychological zone of $ 100,000”, explained the analyst, adding:
“These are good levels to look at here in the intermediate term. Currently, it’s just a waiting game from where it wants to head in the short term.”
As Cintelelegraph indicated, the healthy fundamentals of the market could propel the price of bitcoin beyond $ 100,000 to new peaks of all time.
Meanwhile, Peter Chung, responsible for the research of the quantitative trade company Presto, reiterated his prediction that Bitcoin will reach $ 210,000 in 2025.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
