Ahead of President Donald Trump's upcoming speech, Bitcoin's price remains within a tight range, generating investor expectations.
Market Awaits Trump's Speech
Bitcoin investors have adjusted their strategies in anticipation of Donald Trump's speech marking his 100th day in office. New regulatory updates are expected that might affect the cryptocurrency market. Analysts note that clarity on Bitcoin policies may trigger a price surge toward $100,000, though possible tariffs may limit this rise.
Declining Bitcoin Supply
Since April 22, over 50,500 Bitcoins worth $4.7 billion have been withdrawn from exchanges. The reduction in supply may enhance price sensitivity to demand, especially with Trump's upcoming speech on the horizon.
Bitcoin Price Outlook
Bitcoin's price has been consolidating below the $96,000 level, and to continue its upward trend, it must breach the key level of $95,000. Analysts express that 'the more attempts to break above $95,000, the more likely success will be.' Some experts predict prices may reach $100,000, but potential corrections along the way are also anticipated.
Bitcoin's price dynamics in the coming days will depend on Trump's speech and market reactions to its content. Investors continue to monitor changes in Bitcoin supply and potential regulatory developments.
