Will Trump’s Speech Impact Bitcoin’s Range?

Bitcoin price is currently in a tight range between $91,700 and $95,850 as market participants await President Trump’s 100-day commemorative speech on April 29th. Over $4.7 billion worth of Bitcoin has been withdrawn from exchanges since April 22nd, potentially boosting price sensitivity to demand. Whether this will be enough to break through the current range and propel prices towards $100,000 remains unclear. Bitcoin’s price action could be influenced by Trump’s stance on crypto regulation, specifically his proposed Bitcoin reserve policy, which could drive a surge or cap gains depending on market sentiment. 75% of the recent gains in BTC can be attributed to statements from former president Trump about tariffs.