Key points:
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Bitcoin stages a late comeback into the weekly close as price approaches important liquidation zones.
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Traders and analysts emphasize various key price points to reclaim next.
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Volatility is expected based on large-volume trading behavior, analysis reports.
Bitcoin (BTC) surged above $119,000 Sunday as bulls extended a rebound from two-week lows.
Bitcoin price volatility returns into weekly close
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching a key reclaim area.
Now attempting a daily close above its 10-day simple moving average, the pair held onto a rebound from near $114,500 as the market forgot one of the largest-ever BTC sales.
The uptick came amid news that the US and China had agreed to further delay the introduction of reciprocal trade tariffs.
🇨🇳🇺🇸 JUST IN: China and the US have agreed to extend their pause on tariffs for another 90 days. pic.twitter.com/Vld9KlDHd8
— Cointelegraph (@Cointelegraph) July 27, 2025
Market participants thus focused on the key levels to look for going into the new week.
“$BTC needs to break above $119.5K for a big move. If that doesn’t happen, this consolidation will continue,” crypto investor and entrepreneur Ted Pillows summarized in a post on X.
“I think BTC could break above this level next month which will start the next leg up.”
Popular trader and analyst Rekt Capital eyed a slightly higher range ceiling just below the $120,000 mark.
“Bitcoin has Daily Closed above the blue Range Low, kickstarting a break back into the very briefly lost Range,” he told X followers alongside a print of the daily BTC/USD chart.
“Any dips into the Range Low (confluent with the new Higher Low) would be a retest attempt to confirm the reclaim.”
Others warned that price could still fill the daily downside wick left by the trip to $114,500.
In an X thread on the topic, fellow trader CrypNuevo identified a downside target confluent with an area of exchange order-book liquidity.
Liquidation clusters: we’re in-between 2 liquidation clusters located at:
• $121k – $120k
• $114.5k – $113.6kBased on similarities with previous cases, we could go for the cluster above first, and then reverse again to the bottom one. It’s a range-bound environment. pic.twitter.com/Z6XjzsVaKg
— CrypNuevo 🔨 (@CrypNuevo) July 27, 2025
“If we…
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