Bitcoin must avoid sub-$100K wick as traders digest 55% China tariffs

Key points:

• Bitcoin and crypto markets stalled contempt affirmative ostentation information acknowledgment to the US keeping tariffs connected China, investigation says.

• $100,000 and the 2025 yearly unfastened are cardinal enactment levels going forward.

• Major inquire liquidity remains stacked connected speech bid books up to the $120,000 mark.

Bitcoin (BTC) needs to debar wicks beneath $100,000 arsenic markets grapple with the US-China commercialized deal.

New analysis from Keith Alan, co-founder of trading assets Material Indicators, besides puts the 2025 yearly unfastened arsenic a “line successful the sand” for Bitcoin bulls.

Bitcoin analyst: 55% tariff “isn’t going to consciousness good”

Bitcoin continues to consolidate instantly beneath all-time highs arsenic crypto and risk-asset traders justice the implications of the US-China commercialized deal.

After initially rallying, Bitcoin pulled backmost arsenic it emerged that the woody progressive tariffs of 55% connected Chinese imports — an adjacent higher complaint than astatine present.

— The Kobeissi Letter (@KobeissiLetter) June 11, 2025

For Alan, this is simply a wide imaginable operator of short-term BTC terms action, much truthful than the Consumer Price Index (CPI) ostentation study released connected June 11.

“Despite having a comparatively affirmative economical report, and quality that we astir person a commercialized woody with China, TradFi and Crypto Markets were somewhat down connected Wednesday,” helium summarized connected X.

“I'm speculating that radical aren't thrilled with the information that U.S. tariffs connected Chinese goods jumped to 55% from the 30% that was acceptable for the negotiating period. 55% is going to beryllium felt passim each facet of the U.S. system and it isn't going to consciousness good.”

Reviewing bid publication liquidity, Alan suggested that the wide representation remained conducive to the Bitcoin bull case.

“TLDR: When successful doubt, zoom out,” different X station summarized alongside information from 1 of Material Indicators’ proprietary trading tools. 

“A 1 twelvemonth presumption of bid publication and bid travel information successful FireCharts shows dense concentrations of BTC inquire liquidity stacked from $111k up to $120k and disproportionately little bid liquidity beneath it.”

BTC/USDT bid publication liquidity data. Source: Material Indicators/X

Alan said that helium did not expect the “bottom to driblet out” and permission sellers successful power of the marketplace contempt the comparative deficiency of bids.

“Support tests are healthy,” helium concluded. 

“Support astatine the 2025 Yearly Open is my enactment successful the sand.”

All eyes connected $100,000 strength

As Cointelegraph reported, different cardinal enactment levels person crystallized during Bitcoin’s consolidation signifier beneath its existent $112,000 record.

Related: Bitcoin traders present spot $107K retest earlier caller all-time highs

Chief among these is the $100,000 mark, present fashionable arsenic a intelligence bound with implications for sentiment should it neglect to hold.

Alan present sees its presumption remaining important successful the agelong word — adjacent during the adjacent carnivore market.

“As I stated backmost successful December erstwhile Bitcoin archetypal started flirting with $100k, it volition beryllium important to spot immoderate consolidation supra $100k with nary wicks beneath to validate the R/S Flip,” helium commented, referring to $100,000 being turned from absorption to support. 

“More importantly, this volition physique immoderate structural enactment that could travel into absorption during the adjacent carnivore market.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.