Bitcoin’s price is currently consolidating in a narrow range, as market participants await U.S. President Donald Trump’s 100-day speech set for April 29, 2025. This anticipation has led to a ‘wait-and-see’ approach amongst investors, particularly regarding potential updates on crypto-related regulatory policies from Trump’s second-term presidency. Since April 22, over $4.7 billion in Bitcoin has been withdrawn from exchanges, decreasing supply and heightening price sensitivity to demand. Analysts note that Bitcoin must surpass key resistance levels above $95,000 to continue its upward trend toward $100,000. While speculation around Trump’s speech suggests a possible spark for Bitcoin’s price, concerns over tariffs and economic policies could moderate any gains. With expectations for Bitcoin to break out of its compressing range, traders are closely monitoring key indicators, including the 200-day simple moving average and significant resistance levels in the $99,500 to $100,000 zone. Overall, the market is poised for potential volatility depending on the tone and content of Trump’s address.

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