Bitcoin surged on April 9, recovering from earlier losses and reaching $83,000, according to Cointelegraph. The gains were driven by US President Donald Trump's tariff pause, reigniting bullish momentum and raising hopes for a breakout toward $100,000. Bitcoin’s price has been forming a falling wedge pattern since December, and it now stands at the brink of a breakout. If the price surpasses the $83,000 upper trendline, the next upside target could be $100,000 by June. However, rejection at this level could push Bitcoin back toward the $71,100 range.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin surged on April 9th, coming from early losses and reaching $83,000, according to Cointelegraph.
00:08Gains were driven by U.S. President Donald Trump's tariff pause,
00:12reigniting bullish momentum and raising hopes for a breakout towards $100,000.
00:16Bitcoin's price has been forming a falling wedge pattern since December,
00:21and it now stands at the brink of a breakout.
00:23The price surpasses the $83,000 upper trend line.
00:26The next upside target could be $100,000 by June.
00:29However, a rejection at this level could push Bitcoin back toward the $71,100 range.
00:35For all things money, visit Benzinga.com slash GSTV.