Bitcoin faces pressure as it hovers around $100,000, with concerns about potential declines towards the $90,000 zone. Despite a temporary recovery linked to the US-Canada-Mexico tariff situation, negative sentiments resurfaced due to China imposing retaliatory tariffs on US goods. Traders are monitoring significant levels, particularly the $90,000 area which has seen several retests since November. Well-known trader George highlighted two possible scenarios depending on market conditions, suggesting a buy strategy between $93,000 and $95,000. Analyst Mark Cullen noted the importance of the $98,000 level as support, while also pointing out critical resistances above $100,000. The current market setup indicates potential for a new all-time high in February if Bitcoin remains above $93,000. Support levels to watch include $97,500 and $96,450. Overall, many believe that although downside risks exist, a recovery above $100,000 could materialize soon if strong support holds.

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