Bitcoin eyes $ 120,000 among the fresh tariff pause of the USA-China

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Key points:

  • Bitcoin puts a behind schedule return to a weekly closure, because the price is approaching critical liquidation zones.

  • Traders and analysts emphasize various key price points to recover the next.

  • Variability is expected based on high volume commercial behavior, analysis reports.

Bitcoin (BTC) increased above $ 119,000 on Sunday, when the bulls extended the reflection from two weeks.

BTC/1-hour chart. Source: Cointelegraph/TradingView

Bitcoin prices variability

Data from CointeLraph Markets Pro i TradingView He showed that BTC/USD is approaching the key recovery area.

Now, trying to approach their 10-day straight movable average every day, the couple maintained a reflection from almost USD 114,500, because the market has forgotten about one of the largest BTC sales.

The connection came as the US and China agreed to delay the introduction of mutual trading tariffs even more.

Therefore, market participants focused on key levels to look for the fresh week.

“$ BTC must exceed USD 119.5 thousand to a heavy traffic. If this does not happen, this consolidation will continue”, investor and entrepreneur TED Crypt cushions summarized In the post on X.

“I think that BTC may exceed this level next month, which will start the next leg.”

4-hour BTC/USDT chart with RSI data. Source: TED/X pillows

The popular salesman and Rekt Capital analyst looked at a slightly higher range just below the USD 120,000 mark.

“Bitcoin closes above the low range every day, starting a break in a very brief range,” he he said X Observers next to the printout of the BTC/USD chart.

“Any immersion within the low range (convergent with the new higher low) would be an attempt to confirm recovery.”

1-day BTC/USD chart. Source: Rekt Capital/X.

Others warned that Price can still fill the daily Wick defects left by the journey to $ 114,500.

In thread X on this subject, colleagues Trader Cypnuevo identified the target disadvantage with the liquidity area from the exchange order.

“If we approach, we will see that the main level of liquidation is USD 113.8 thousand,” he commented.

“As a consequence, I think that the liquidation cluster has fallen for a natural target in half (USD 114.5 thousand USD-13.6 thousand).”

The analyst then sees “greater price fluctuations”

The latest data from resource monitoring Kinglas Meanwhile, it puts the “maximum pain” of BTC shorts at around $ 119,650.

Related: The XRP portfolio associated with Chris Larsen still has USD 9 billion for sale, warns the analyst

If Bitcoin returned to challenge the highest level of nearly USD 123,000, compact liquidations would be over $ 1.1 billion.

Map of liquidation of Bitcoins exchange (screenshot). Source: Coumingss

“Strong resistance forming about 119,000-120,000, indicated by dense liquidation clusters”, Coinank cryptographic analysis platform Agreement During examination of your own liquidity data.

Theingfisher analyst additionally warned increased variability in compact time frames.

“Seeing mainly red on the BTC Gex+chart. This indicates that dealers are very short gamma, which suggests that they can strengthen the variability to secure their positions,” he said X on Sunday.

“Expect potentially greater price fluctuations in the near future. Thoroughly monitor these changes.”

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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