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Bitcoin eyes are $ 120,000 in the middle of a new US-China tariff pause


Basic Points:

  • Bitcoin stages are a late weekly return as the price of important zones of extermination approaches.

  • Traders and analysts emphasize a variety of basic price points to get the next one.

  • Expected volatility based on large quantity trade behavior, review reports.

Bitcoin (Btc) climb above $ 119,000 weeks as the Bulls expanded a rebound from two weeks of lows.

BTC/USD 1-Hour chart. Source: Cointelegraph/TradingView

Bitcoin price volatility returned weekly nearby

Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD approaching a key reclaiming area.

Now trying a daily close to the top 10-day simple moving average, the pair will be held in a rebound from near $ 114,500 as the market forgets one of BTC’s largest sales.

The uprising came amid news that the US and China have agreed to further delay the introduction of trade discussion tariffs.

Participants in the market are so focused on the basic levels to search for going on the new week.

“$ BTC will have to break above $ 119.5K for a big step. If this doesn’t happen, this integration will continue,” the crypto investor and businessman Ted Pilows Summary In a post on X.

“I think BTC can break above this level next month starting with the next leg.”

BTC/USDT 4 hour chart with RSI data. Source: TED pillow/x

Famous entrepreneurs and analysts rectual capital have a slightly higher ceiling range below the $ 120,000 mark.

“Bitcoin is sunny -day closed above the blue scope low, kickstarting a break back to very short lost,” he he he he said X Followers next to a print of the BTC/USD’s day -to -day -day.

“Any sinking in the lower range (with a cluster with a new higher low) will be a retest attempt to confirm reclaiming.”

BTC/USD 1-Day Chart. Source: Rek Capital/X.

Others have warned that the price can still fill the sunny downside wick left over for traveling to $ 114,500.

In an X thread on the topic, fellow businessman Crypnuevo identified a downside target with a cluster with an order-booking area.

“If we go out, we’ll see that the basic degree of extermination is at $ 113.8K,” he commented.

“As such, I consider the downside liquidation cluster to be a natural target in the middle of the term ($ 114.5k- $ 113.6k).”

Analyst saw the “larger price swings” to the next

The latest data from the resource tracking Coinglass Meanwhile “Max Pain” is placed for BTC shorts around $ 119,650.

Related: XRP wallet linked to Chris Larsen still has $ 9B to sell, analyst warns

Should Bitcoin be back to challenge all times high near $ 123,000, short exterminations are total over $ 1.1 billion.

Bitcoin exchange liquidation map (screenshot). Source: Coinglass

“Strong resistance that makes up around 119,000–120,000, indicated by dense clusters of extermination,” Crypto analysis platform Coinank Sumang -ayon while evaluating one’s own liquidity data.

Analyst thekingfisher in addition warned of increased volatility in short timeframes.

“See predominantly red on the BTC Gex chart+. This indicates that entrepreneurs are heavy gamma, suggesting that they can boost volatility to develop their positions,” he reported on X Sunday.

“Expect the potential larger price swings in the near term. Track these changes closely.”

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.