PANews reported on April 12 that according to Cointelegraph, after Trump announced a postponement of tariffs, Bitcoin has reversed most of the decline from earlier this week. Analysts believe that Bitcoin's price is currently consolidating within a descending wedge pattern and is expected to break through the upward trend line around $83,000. If this target is confirmed, the main upward target for BTC by June could be around $100,000. If the upward trend line is rejected, the possibility of Bitcoin retracing within the wedge pattern will increase and it may slide towards $71,100. However, Bitcoin's rebound seems to have appeared before testing the key support zone between $65,000 and $71,000, thus strengthening the bullish prospect of breaking through $100,000.
