- Bitcoin eyes $82,470 after liquidity sweep as bullish structure re-emerges.
- Inflation and Iran tensions keep pressure, but BTC holds key $80K support zone.
- Traders watch the Trump-Xi summit and macro data for impact on risk sentiment.
Bitcoin is showing signs of renewed upside momentum after completing what traders describe as a full “liquidity engineering cycle” on May 12.
Investors are now watching the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping for its potential market impact.
According to the chart structure, Bitcoin moved through several phases of buying and selling activity during the Asian, London, and New York trading sessions before slowing near its lows. Analysts now believe BTC could be preparing for a move toward the May 11 highs around $82,470.
Bitcoin Completes Full Liquidity Sweep
The chart suggests Bitcoin went through a major “liquidity sweep,” where price movements triggered traders’ stop-loss orders before reversing direction. Here’s what happened:
- During the Asian session, Bitcoin moved higher and formed a short-term peak.
- When London markets opened, the price dropped sharply.
- In the New York session, BTC briefly fell below the May 11 low, triggering sell orders and stop losses from bearish traders.
- The decline continued until Bitcoin touched the May 9 low near $79,800 around the London close.
After that, sellers failed to push prices lower. Instead, Bitcoin began trading within a tight range, often seen as a sign that selling pressure is weakening. With the bearish move failing to continue, Bitcoin rebounded above $81,000 and stabilized.
Analysts now believe BTC could continue higher, with the May 11 high near $82,470 becoming the next key liquidity target. At press time, Bitcoin is trading at $80,959, up 0.35% over the last 24 hours and 15% over the past month.
Trump-Xi Meeting Adds Major Macro Focus
Notably, Bitcoin’s price action is unfolding as global markets closely monitor President Donald Trump’s high-profile trip to China for a summit with Chinese President Xi Jinping from May 12–15.
Some sources described the meeting as one of the largest and most influential U.S.-China business delegations ever assembled.
Specifically, Trump is traveling alongside several major corporate leaders, including Tesla and SpaceX CEO Elon Musk, Nvidia CEO Jensen Huang, Apple chairman Tim Cook, BlackRock CEO Larry Fink, Goldman Sachs CEO David Solomon, and Citigroup CEO Jane Fraser.
The summit is expected to focus heavily on trade relations, artificial intelligence, Taiwan, energy markets, and the ongoing conflict in Iran. Reports also suggest discussions may include potential Chinese investment in the United States and broader economic cooperation.
Markets are paying close attention because the outcome could directly affect global liquidity, inflation expectations, oil prices, and investor appetite for risk assets such as Bitcoin.
Inflation and Iran Conflict Keep Pressure on Bitcoin
Despite optimism surrounding the Trump-Xi meeting, macroeconomic pressure remains elevated. U.S. CPI inflation came in hotter than expected at 3.8% year-over-year, while core inflation rose to 2.8%.
Rising energy costs tied to Middle East tensions and disruptions stemming from the Iran conflict have added to concerns that interest rates may remain higher for longer.
Analysts say that for Bitcoin, the $80,000 region has become an important psychological support level. It remains far below its October 2025 all-time high near $126,000, but traders continue watching for a catalyst that could restart bullish momentum.
Why Traders Believe Geopolitics Could Move Bitcoin Higher
Some analysts believe a successful Trump-Xi summit, combined with easing geopolitical tensions, could trigger stronger upside for Bitcoin.
If discussions around Iran lead to reduced conflict risk and lower oil prices, inflationary pressure could ease. That may improve expectations for future monetary easing, a condition that has historically supported Bitcoin and other risk assets.
A weaker U.S. dollar could also increase demand for alternative assets. Analysts note that Bitcoin often benefits when investors seek protection from currency debasement and inflation uncertainty.
Price Prediction
Bullish projections from several market observers suggest Bitcoin could revisit the $90,000–$100,000 range if spot demand improves and institutional inflows strengthen again. More aggressive forecasts point to even higher targets later in 2026 if macro conditions stabilize.
Specifically, Glassnode predicts Bitcoin could target $150,000 by late 2026 if the ceasefire holds and the U.S. dollar continues to weaken. Notably, a softer dollar tends to make alternative assets like Bitcoin more attractive.
However, should the conflict resume, Bitcoin may revisit previous lows around $60,000 before stabilizing again.
For now, traders are closely watching whether Bitcoin can reclaim the $82,470 liquidity zone highlighted in the latest market structure analysis, while global markets await developments from the Trump-Xi summit.
Related: Bitcoin Slips Below $81K After Higher-Than-Expected CPI Report
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