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Home»News»Bitcoin Eyes $120,000 amid a suspension of new US-China tariffs
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Bitcoin Eyes $120,000 amid a suspension of new US-China tariffs

Shalini NagarajanBy Shalini NagarajanJuly 27, 202503 Mins Read
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Bitcoin eyes $120,000 amid a suspension of new us china tariffs
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Key Points:

Bitcoin stages a late comeback at the end of each week as prices approach a key liquidation zone.

Traders and analysts highlight various key price ranges to collect next.

Analysis shows that volatility is expected based on mass trading behavior.

Bitcoin (BTC) surged beyond $119,000 on Sunday as the Bulls extended their rebound from their two-week lows.

BTC/USD 1 hour chart. Source: CointeLegraph/TradingView

Bitcoin price volatility returns at the end of each week

Data from the CointeLegraph Markets Pro and TradingView showed that BTC/USD was approaching the key reclining area.

Now, attempting to close daily above the simple 10-day moving average, the pair held a rebound from nearly $114,500 as the market forgot one of the biggest BTC sales ever.

The rise came amid news that the US and China agreed to delay the introduction of mutual trade tariffs further.

on Just In: China and the US have agreed to extend the tariff suspension for another 90 days. pic.twitter.com/vld9kldhd8

– Cointelegraph (@cointelegraph) July 27, 2025

Therefore, market participants focused on important levels in search of entering a new week.

“$BTC needs to exceed $119.5K for a big move. If that doesn’t happen, this integration will continue,” Crypto Investor and Antrepreneur Ted Pillows summed it up in an X post.

“I think BTC could surpass this level next month. This will start the next leg.”

BTC/USDT 4-hour chart with RSI data. Source: Ted Pillows/X

Popular trader and analyst Rekt Capital turned his eyes to a slightly higher range of ceilings just below the $120,000 mark.

“Bitcoin is closed down below the blue range every day, kickstarting a breakback into a very temporary lost range,” he told X-follower along with a daily BTC/USD chart print.

“Immering into the low range (confluence with new highs) is a retest attempt to confirm recovery.”

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

Others warned that prices could fill the daily shortcomings left by travel.

In an X-thread on the topic, fellow trader Crypnuevo has identified the liquidity field and confluent shortcoming targets in exchange order books.

Liquidation Cluster: It is located among two liquidation clusters.

•$121K-$120K
•$114.5K-$113.6K

Based on the similarity to the previous case, you can first use the cluster above and then move back to the lower case. It’s a bounded environment. pic.twitter.com/z6xjzsvakg

– cryptoevo🔨 (@cryptevo) July 27, 2025

“If you zoom out, you’ll see that the main liquidation level is $113.8K,” he commented.

“As a result, we consider the negative liquidation cluster to be a natural target for the medium term ($114.5K-$113.6K).”

Analysts will then see “larger price swings”

Meanwhile, the latest data from monitoring resource Coinglass is the “Max Pain” of BTC shorts at around $119,650.

Related: XRP wallets linked to Chris Larsen still have $900 million in sales, analysts warn

If Bitcoin returns to its all-time best challenge at nearly $123,000, the short liquidation totals over $1.1 billion.

Bitcoin exchange clearing map (screenshot). Source: Coinglass

“A strong resistance to form around 119,000-120,000 indicated by a dense liquidation cluster,” Crypto Analysis Platform Coinank agreed, examining its own liquidity data.

Analyst Thekingfisher further warned of growing volatility in the short time frame.

“I see mostly red on the BTC GEX+ chart. This indicates that the dealer is very short gamma, suggesting that they could amplify volatility to hedge their position,” he reported to X Sunday.

“Hopefully, potentially larger prices will sway in the near future. Keep an eye on these shifts closely.”

This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.

Bitcoin eyes suspension Tariffs USChina
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Shalini Nagarajan

    Shalini Nagarajan is a seasoned journalist and crypto enthusiast covering the latest trends, breakthroughs, and stories in the world of Bitcoin and digital assets. With a sharp eye for market shifts and a knack for making complex topics accessible, she delivers timely and insightful news for the growing crypto community. At BTC-News.today, Shalini is dedicated to providing readers with accurate, relevant, and compelling stories that capture the pulse of the Bitcoin space.

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