Bitcoin doping from India

The crypto market continues to search for direction under the shadow of political developments in the last days of April. Bitcoin, which has been moving in the range of 85 to 95 thousand dollars for about two weeks, took a breath with the moderate statements made by U.S. President Donald Trump regarding trade agreements.

On the 100th day in office, U.S. President Donald Trump appeared before his supporters in the state of Michigan. Trump's agenda included both the economy and foreign policy. His statements regarding a new trade agreement with India were among the prominent topics at Trump's rally. The possibility of a slight decrease in the high tensions of trade wars eased the market. The expectation of the elimination of trade uncertainty in global markets particularly accelerated the shift towards risky assets. The price of Bitcoin rose above $95,000 following Trump's statements.

On the other hand, the March 2025 report of the US Job Openings and Labor Turnover Summary (JOLTS) fell from 7.57 million in February to 7.19 and remained below the market estimate of 7.48 million. The JOLTS data, which came in below expectations, indicates that the labor market is cooling down. Market expectations are therefore geared towards a potential interest rate cut decision from the US Federal Reserve. Thus, this picture weakens the dollar while opening up opportunities for risky assets like Bitcoin.

What do analysts say about this?

Popular Bitcoin analyst AlphaBTC stated in a post on the X platform on April 29, "BTC is slowly consolidating and making higher lows under the 96,000 dollar resistance."

📈#Bitcoin sıkışıyor / sarılıyor‼️$BTC yavaşça sıkışıyor ve 96k direncinin altında daha yüksek dipler yapıyor. 95k'ya yapılan daha fazla deneme, 100K seviyesine doğru itme olasılığını artırıyor.

I am expecting a bigger pull… pic.twitter.com/r8aEHOOnRh

— AlphaBTC (@mark_cullen) April 29, 2025

Analyst Daan Crypto Trades stated: "BTC price is once again consolidating after returning to the previous range a few days ago."

$BTC Price is compressing again the past few days after the move back into the previous range.

Key level below with the range low and Daily 200MA coming in between $89.5K-$91K.

There's the local high at $99.5K which is also roughly the mid range and the big psychological $100K… pic.twitter.com/BUntF8NU88

— Daan Crypto Trades (@DaanCrypto) April 29, 2025

The analyst also added, "The main resistance levels are the local peak of 99,500 dollars and the major psychological level of the 100,000 area."

"These are good levels to be monitored in the medium term. Right now, we need to wait to see where this process will head in the short term."

Meanwhile, famous on-chain analyst Willy Woo stated that Bitcoin has regained the range of 90,000 – 93,000 dollars in the medium term and could target 103,000 dollars in the short term, followed by 108,000 dollars.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risk, and readers should conduct their own research when making decisions.