Bitcoin is currently consolidating just below all-time highs, requiring strong support at $100,000 to maintain its bullish outlook. The market has reacted to the U.S. setting tariffs on Chinese imports at 55%, up from 30%, leading to concerns about its economic impact. Analysts emphasize that the $100,000 level is crucial for validating a support flip, as failure to maintain it could trigger negative sentiment. Order book data shows significant sell orders above $111k, indicating potential upward resistance, while liquidity appears weak below this threshold. Traders have been weighing favorable inflation data against the tariffs, with some suggesting that the increases will broadly affect the U.S. economy. As Bitcoin tests these critical support levels, consolidating above $100,000 becomes vital to reinforce confidence and establish a foundation for future growth, especially heading into potential market downturns.

Source 🔗