Bitcoin Price Rises Amid US-China Tariff Pause

Analysts are currently divided on Bitcoin’s ability to sustain its recovery momentum, with some citing the $119,500 level as important, while others predict the price will retest support near $114,500.

Japanese company Metaplanet has increased its investment in Bitcoin by purchasing an additional 780 BTC for $92 million, bringing its total to 17,132 BTC.

The accumulation has helped the company's stock price rise 246% year-to-date, making it the best-performing stock in Japan, while it also plans to expand into digital banking.

Bitcoin growth
Accordingly, Bitcoin rose above $119,000 on Sunday, recovering from a two-week low of $114,500, sparking bullish momentum and discussions about a possible breakout above the resistance level.

The chart shows that the BTC/USD pair is nearing a key recovery zone, with bulls attempting to close the session above the 10-day simple moving average.

The recovery comes despite recent bearish pressure and coincides with news that the US and China have agreed to delay new trade tariffs, helping to ease market tensions.

Investor Ted Pillows believes that Bitcoin needs to break above $119,500 to break out or continue consolidating. He is optimistic that this could happen next month.

Meanwhile, Rekt Capital sees Bitcoin closing above the lower boundary of its recent range, but warns that a pullback may be needed to confirm the move.

Trader CrypNuevo pointed out that the medium-term target could be $114,500–$113,600, suggesting that the possibility of a return to lower support levels remains high.

According to data from CoinGlass , the “ maximum pain ” level for short positions is currently around $119,650, and if BTC retraces near its all-time high of $123,000, liquidations could exceed $1.1 billion.

Liquidity models from Coinank indicate strong resistance between $119,000 and $120,000 due to the concentration of liquidations at these levels.