Bitcoin Price Range

Bitcoin is trading within a narrow range of $90,000 to $105,000, indicating potential for significant price movements soon. Market sentiment is waning, coinciding with a decline in Bitcoin millionaires during Trump’s second term.

Despite recent volatility, on-chain data reflects strong accumulation, demonstrating investor confidence. The broader crypto market remains stagnant, with little change in total capitalization over the last 24 hours.

Bitcoin Demand Remains Strong

On-chain metrics underscore robust Bitcoin demand amid price fluctuations. Following its peak in mid-December, Bitcoin has entered an accumulation phase, in line with historical trends of persistent corrections after sharp rallies.

Current support for Bitcoin stands at $94,340, while resistance is at $106,784. Currently, the price is $96,163, representing a slight 1.5% increase over the past week.


Bitcoin historically tends to experience sharp price movements after prolonged periods in a narrow trading range, suggesting potential spikes or reversals before a breakout.

Since Trump’s return to the White House, the number of Bitcoin millionaire addresses has significantly declined. Reports from Finbold highlight that the early optimism after his re-election, which saw 11,000 new Bitcoin millionaires, has waned.

Data from BitInfoCharts indicates that from January 21 to February 18, over 22,279 Bitcoin addresses holding over $1 million dropped, averaging 795 less millionaire addresses each day. Wallets holding over $10 million fell from 18,801 to 15,392. Overall, more than 3.54 million Bitcoin addresses with at least $1 in holdings have vanished since Trump’s term started.

BTC: Fundamental Analysis

Recent macroeconomic events have created additional challenges for the crypto market. Following Trump’s inauguration, market disruptions have contributed to Bitcoin’s stagnation.

The debut of China’s DeepSeek AI model sparked a selloff in the tech sector that resonated within the crypto market. Additionally, proposed tariffs by Trump on China, Mexico, and Canada raised financial uncertainty. Inflation figures from early 2025 also showed unexpected spikes, following Trump’s push for interest rate reductions. Trump’s ambiguous stance on Bitcoin and digital assets further adds to the prevailing uncertainty.

Moreover, Trump’s administration has been associated with contentious cryptocurrency launches, including meme coins linked to his brand that appeared around his inauguration.