Bitcoin nears $120K as analysis predicts 'larger price swings' next

2 hours ago

Key points:

Bitcoin stages a precocious comeback into the play adjacent arsenic terms approaches important liquidation zones.
Traders and analysts stress assorted cardinal terms points to reclaim next.
Volatility is expected based connected large-volume trading behavior, investigation reports.

Bitcoin (BTC) surged supra $119,000 Sunday arsenic bulls extended a rebound from two-week lows.

Bitcoin terms volatility returns into play close

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching a cardinal reclaim area.

Now attempting a regular adjacent supra its 10-day elemental moving average, the brace held onto a rebound from adjacent $114,500 arsenic the marketplace forgot 1 of the largest-ever BTC sales.

The uptick came amid quality that the US and China had agreed to further hold the instauration of reciprocal commercialized tariffs.

🇨🇳🇺🇸 JUST IN: China and the US person agreed to widen their intermission connected tariffs for different 90 days. pic.twitter.com/Vld9KlDHd8

— Cointelegraph (@Cointelegraph) July 27, 2025

Market participants frankincense focused connected the cardinal levels to look for going into the caller week.

“$BTC needs to interruption supra $119.5K for a large move. If that doesn't happen, this consolidation volition continue,” crypto capitalist and entrepreneur Ted Pillows summarized successful a station connected X.

“I deliberation BTC could interruption supra this level adjacent period which volition commencement the adjacent limb up.”

Popular trader and expert Rekt Capital eyed a somewhat higher scope ceiling conscionable beneath the $120,000 mark.

“Bitcoin has Daily Closed supra the bluish Range Low, kickstarting a interruption backmost into the precise concisely mislaid Range,” helium told X followers alongside a people of the regular BTC/USD chart.

“Any dips into the Range Low (confluent with the caller Higher Low) would beryllium a retest effort to corroborate the reclaim.”

Others warned that terms could inactive capable the regular downside wick near by the travel to $114,500.

In an X thread connected the topic, chap trader CrypNuevo identified a downside people confluent with an country of speech order-book liquidity.

Liquidation clusters: we're in-between 2 liquidation clusters located at:

• $121k - $120k
• $114.5k - $113.6k

Based connected similarities with erstwhile cases, we could spell for the clump supra first, and past reverse again to the bottommost one. It's a range-bound environment. pic.twitter.com/Z6XjzsVaKg

— CrypNuevo 🔨 (@CrypNuevo) July 27, 2025

“If we zoom out, we tin spot that the main liquidation level is astatine $113.8k,” helium commented.

“Consequently, I see the downside liquidation clump to beryllium the earthy people successful the mid-term ($114.5k-$113.6k).”

Analyst sees “larger terms swings” next

The latest information from monitoring assets CoinGlass meantime puts the “max pain” for BTC shorts astatine astir $119,650.

Should Bitcoin instrumentality to situation all-time highs adjacent $123,000, abbreviated liquidations would full implicit $1.1 billion.

“Strong absorption forming astir 119,000–120,000, indicated by dense liquidation clusters,” crypto investigation level Coinank agreed portion examining its ain liquidity data.

Analyst TheKingfisher additionally warned of heightened volatility connected abbreviated timeframes.

“Seeing predominantly reddish connected the BTC GEX+ chart. This indicates dealers are heavy abbreviated gamma, suggesting they whitethorn amplify volatility to hedge their positions,” helium reported connected X Sunday.

“Expect perchance larger terms swings successful the adjacent term. Monitor these shifts closely.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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