Will Trump’s 100-day speech end Bitcoin’s 'compressing' range?
Bitcoin's price is consolidating between $91,700 and $95,850 ahead of President Trump's 100-day speech. Investors are awaiting updates on crypto-related policies, particularly regarding a strategic Bitcoin reserve proposal, which could influence Bitcoin's movement toward $100,000. Polymarket predicts a 24% chance Trump will mention "crypto" or "Bitcoin" in his speech, with over $1 million bet on the outcome. Bitcoin's supply on exchanges has decreased, with over 50,500 BTC (valued at $4.7 billion) withdrawn, supporting a bullish outlook. Analysts note that Bitcoin is compressing below the $96,000 resistance level, with key levels to watch being $95,000 and the psychological $100,000 mark. Predictions suggest Bitcoin could reach $210,000 by 2025 if market fundamentals remain strong.
