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Key takeaways:<\/strong><\/p>\n Bitcoin’s price consolidates as the market awaits President Trump’s 100-day speech.<\/p>\n<\/li>\n Over $4.7 billion in BTC has been withdrawn from exchanges since April 22, reducing supply and boosting price sensitivity to demand.<\/p>\n<\/li>\n Trump’s crypto policy clarity could spark a BTC surge, but tariffs may cap gains.<\/p>\n<\/li>\n Traders say Bitcoin price must clear key hurdles above $95,000 before continuing the uptrend to $100,000 and beyond.<\/p>\n<\/li>\n<\/ul>\n Bitcoin’s (BTC<\/a>) price is consolidating in a tight range between $91,700 and $95,850<\/a>, ahead of Trump’s 100-day commemorative rally.<\/p>\n Bitcoin investors have adopted a wait-and-see approach ahead of US President Donald Trump’s speech to commemorate his 100th day<\/a> in the White House on April 29. <\/p>\n Crypto-related policies have been prominently featured so far in Trump’s second-term presidency, but markets await crypto-specific regulatory updates on his economic policies.<\/p>\n Clarity on his administration’s strategic Bitcoin reserve proposal could trigger a move toward $100,000. However, renewed focus on tariffs or aggressive budget cuts could weigh on broader markets and cap Bitcoin’s upside<\/a> in the short term.<\/p>\n Cryptocurrency betting platform Polymarket predicts a 24% chance of Trump mentioning “crypto” or “Bitcoin” in his 100-day speech today. Data from the platform showed users had poured more than $1 million into bets on the event.<\/p>\n Trump’s rhetoric could drive short-term price surges, just like in the past. For example, Bitcoin’s recent recovery<\/a> from $74,400 to $94,000 was partly fueled by Trump’s comments<\/a> that tariffs on goods from China “will come down substantially.” <\/p>\n While the speech may spark optimism and price spikes, broader market dynamics, including tariffs and global trade tensions, could temper gains, as seen with recent crypto market fluctuations.<\/p>\n Apart from possible positive comments from Trump, Bitcoin’s declining supply on exchanges supports the bullish case for a rally toward $100,000. <\/p>\n Investors have withdrawn over 50,500 BTC (worth $4.7 billion) from exchanges since easing macroeconomic tensions sparked a marketwide rally.<\/p>\n Lower exchange supply reduces available BTC for selling, amplifying price sensitivity to demand, which could rise after Tump’s speech.<\/p>\n Bitcoin price has been consolidating below the $96,000 level over the last seven days, as data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> shows.<\/p>\n “BTC is slowly compressing and making higher lows under 96K resistance,” said<\/a> popular Bitcoin analyst AlphaBTC in an April 29 post on X. <\/p>\n Related: <\/strong><\/em>Bitcoin targets $115K as BTC supply metric nears ‘historic euphoria’ zone<\/strong><\/em><\/a><\/p>\n As Cointelegraph reported, the $95,000 level is a key resistance<\/a> that the bulls needed to overcome to secure the recovery.<\/p>\n “The more attempts into the $95K, the more likely it will push through,” AlphaBTC asserted, adding that the squeeze will likely take Bitcoin to the sought-after 100,000 level.<\/p>\n “I expect a bigger pullback, but probably not until 100K has been taken out.”<\/p><\/blockquote>\n While making similar observations, fellow analyst Daan Crypto Trades said<\/a>, “BTC Price is compressing again the past few days after the move back into the previous range.”<\/p>\n According to Daan Crypto Trades, a key level to watch on the downside is the 200-day simple moving average (SMA) within the $89,500 and $91,000 range.<\/p>\n Major resistance levels are the $99,5000 local high and “the big psychological $100K area,” the analyst explained, adding:<\/p>\n “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.”<\/p><\/blockquote>\n As Cointelegraph reported, healthy market fundamentals<\/a> could propel Bitcoin price past $100,000 to new all-time highs. <\/p>\n Meanwhile, Peter Chung, head of research at quantitative trading firm Presto, has reiterated his prediction that Bitcoin will reach $210,000<\/a> in 2025.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n","protected":false},"excerpt":{"rendered":" Key takeaways: Bitcoin’s price consolidates as the market awaits President Trump’s 100-day speech. Over $4.7 billion in BTC has been withdrawn from exchanges since April 22, reducing supply and boosting<\/p>\n\n
Market awaits Trump’s 100-day speech<\/h2>\n
Over $4.7 billion in BTC leave exchanges<\/h2>\n
When $100,000 BTC price?<\/h2>\n