PANews reported on April 12 that according to Cointelegraph, Bitcoin has reversed most of its losses earlier this week after Trump announced a suspension of tariffs. Analysts believe that the current price of Bitcoin is consolidating in the descending wedge range and is expected to break through the upward trend line of around $83,000. If this goal is confirmed, then the main upward target of BTC by June may be around $100,000. If the upper trend line is rejected, the possibility of Bitcoin's callback in the wedge pattern will increase and it may slide to around $71,100. However, Bitcoin's rebound seems to have appeared before testing the key on-chain support area of $65,000 to $71,000, so the bullish prospect of breaking through the $100,000 mark has been strengthened.