Bitcoin has experienced a significant surge of over 50% since its lows in April. This rise showcases its noticeable strength even amidst increasing macroeconomic uncertainties. Despite achieving a new all-time high of $112,000, Bitcoin now appears to be in a consolidation phase. It is struggling to break above this level, with its price currently hovering just below the ATH.

However, it is managing to find support above the crucial $100,000 mark, which is crucial for maintaining its upward momentum. The question remains whether this is a temporary pause or indicates a more significant trend shift in the market.