Analysis: Bitcoin's recent rally strengthens chances of returning to $100,000 price target in June
2025-04-12 10:49:17
After Trump announced the suspension of tariffs, Bitcoin has reversed most of the losses earlier this week. Analysts believe that the current Bitcoin price consolidation within the falling wedge is expected to break through the upward trend line around $83,000. If this goal is confirmed, then the main upside target for BTC by June could be around $100,000. If the upper trend line is refused to break through, the probability of Bitcoin's correction in the wedge will increase and it is possible to slide towards $71,100. However, Bitcoin's rebound appears to have occurred before testing the $65,000 to $71,000 key chain support area, so the bullish outlook for breaking through the $100,000 mark has strengthened.
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