Bitcoin Holds $80K as Trump–Xi Summit and Inflation Data Drive Market Uncertainty

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BTC completed a full liquidity sweep on May 12 and has re-established a bullish chart structure while holding the key $80,000 support zone, setting up a potential retest of the May 11 highs near $82,470. Macro risks — persistent inflation, Iran tensions and the upcoming Trump–Xi summit and US macro data — could still weigh on crypto risk sentiment and influence the strength of any rally.
- 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 sugg…
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