From Cointelegraph

June 12, 2025 4:19 am:

Bitcoin and crypto markets remained stagnant despite positive inflation data, attributed to the US maintaining tariffs on China. Key support levels identified are $100,000 and the 2025 yearly open, with a significant amount of ask liquidity around the $120,000 mark. Analyst warns against wicks below $100,000 amid US-China trade uncertainties.

New analysis suggests that the US-China trade deal, including a 55% tariff rate, may drive short-term BTC price action more than the recent inflation report. Order book liquidity data indicates heavy BTC ask liquidity between $111k and $120k. Analyst remains optimistic, emphasizing support at the 2025 yearly open as crucial.

Bitcoin’s consolidation phase below $112,000 highlights $100,000 as a critical psychological support level. Maintaining consolidation above $100,000 without wicks below is crucial for long-term validation. Analyst emphasizes the importance of $100,000 during the next bear market, highlighting the significance of building structural support.

Read more at Cointelegraph: Bitcoin Bulls Must Now Hold $100,000 to Validate the Support Flip