FameEX Hot Topics | Bitcoin’s $100K Ambition Resurfaces Amid Market Rally on Trump Tariff News

Bitcoin staged a strong rebound after U.S. President Donald Trump announced a pause on tariffs for countries not retaliating against the U.S., sparking renewed optimism across financial markets, including crypto. The news reinvigorated bullish sentiment in the digital asset space, fueling hopes that Bitcoin may once again push toward the highly anticipated $100,000 mark.

On April 9, the BTC/USD pair surged nearly 9%, regaining most of its weekly losses and climbing back to $83,000. This level represents a key resistance zone, aligned with the upper boundary of a falling wedge pattern that has been developing since December 2024. In technical analysis, falling wedges are considered bullish reversal patterns, typically indicating that selling pressure is waning and a breakout to the upside is likely.

A falling wedge forms when two downward-sloping trendlines converge, creating a narrowing price range. Once the price breaks above the upper trendline, it often leads to a sharp move upward—typically equal to the widest distance between the trendlines. As of April 9, Bitcoin was pressing right against this crucial upper resistance near $83,000, signaling the potential for a breakout.

Should a breakout be confirmed, analysts suggest Bitcoin could rally toward $100,000 by June. However, failure to break through the wedge could result in a pullback toward $71,100—the pattern’s apex—where another breakout attempt might take shape later.

Adding to the bullish case, Bitcoin recently rebounded off an important on-chain support zone between $65,000 and $71,000. This zone represents the average cost basis of active holders, excluding long-dormant or lost coins. Its strength reflects solid investor conviction and reduces the likelihood of panic selling during corrections. With strong technical patterns and firm on-chain support, Bitcoin appears well-positioned to resume its upward trajectory, possibly entering the six-figure territory in the near term.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.