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Bitcoin Holds $80,000 as Trump–Xi Summit and Inflation Data Fuel Market Uncertainty
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 closely watching the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping to assess its potential impact on financial markets.
According to the chart structure, Bitcoin moved through several buy-and-sell phases during the Asian, London, and New York trading sessions before slowing near its lows. Analysts now believe that BTC may be preparing for a move toward the May 11 highs around $82,470.
Bitcoin Completes Full Liquidity Sweep
The chart indicates that Bitcoin experienced a major liquidity sweep, during which price swings triggered traders’ stop-losses before reversing direction. Here is what happened:
- During the Asian session, Bitcoin rallied and formed a short-term high.
- When London markets opened, the price sharply declined.
- During the New York session, BTC briefly fell below the May 11 low, triggering sell orders and bearish traders’ stop-losses.
- The decline continued until Bitcoin reached 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 narrow range, which is often interpreted as a sign that selling pressure is weakening. Since bearish momentum failed to continue, BTC climbed back above $81,000 and stabilized.
Source: TradingView.
Analysts now believe BTC may continue rising, with the May 11 high near $82,470 serving as the next key liquidity target. At the time of publication, Bitcoin was trading at $80,959, up 0.35% over the past 24 hours and 15% over the past month.
Trump–Xi Summit Creates Major Macro Focus
Notably, Bitcoin’s price movement is unfolding while global markets closely monitor Donald Trump’s trip to China for a summit with Xi Jinping taking place from May 12 to May 15.
Some sources have described the meeting as one of the largest and most influential U.S.–China business delegations ever assembled.
Trump is reportedly traveling alongside several major corporate leaders, including:
- Elon Musk — CEO of Tesla and SpaceX;
- Jensen Huang — CEO of Nvidia;
- Tim Cook — CEO of Apple;
- Larry Fink — CEO of BlackRock;
- David Solomon — CEO of Goldman Sachs;
- Jane Fraser — CEO of Citigroup.
The summit is expected to focus heavily on trade relations, artificial intelligence, Taiwan, energy markets, and the ongoing conflict in Iran. Discussions may also include potential Chinese investments in the United States and broader economic cooperation.
Inflation and Iran Conflict Continue Pressuring Bitcoin
Despite optimism surrounding the Trump–Xi meeting, macroeconomic pressure remains elevated. U.S. Consumer Price Index (CPI) data came in above expectations at 3.8% year-over-year, while core inflation rose to 2.8%.
Rising energy prices linked to Middle East tensions and the conflict involving Iran have increased concerns that interest rates may remain higher for longer.
Analysts note that the $80,000 level has become an important psychological support zone for Bitcoin. Although BTC remains significantly below its October 2025 all-time high near $126,000, traders continue searching for a catalyst capable of reigniting bullish momentum.
Why Traders Believe Geopolitics Could Push Bitcoin Higher
Some analysts believe that a successful Trump–Xi summit, combined with easing geopolitical tensions, could fuel stronger upside momentum for Bitcoin.
If discussions surrounding Iran help reduce conflict risks and lower oil prices, inflationary pressure could ease. This may improve expectations for future monetary policy easing — conditions that have historically supported Bitcoin and other risk assets.
A weaker U.S. dollar could also boost demand for alternative assets. Analysts note that Bitcoin often benefits when investors seek protection against currency devaluation and inflation uncertainty.
Price Forecast
Bullish projections from several market observers suggest that Bitcoin could return to 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 macroeconomic conditions stabilize.
In particular, Glassnode forecasts that Bitcoin could reach $150,000 by the end of 2026 if geopolitical ceasefires hold and the U.S. dollar continues weakening. Analysts emphasize that a softer dollar makes alternative assets such as Bitcoin more attractive.
However, if the conflict escalates again, Bitcoin could revisit previous lows near $60,000 before stabilizing.
For now, traders are closely watching whether BTC can reclaim the $82,470 liquidity zone highlighted in the latest market structure analysis, while global markets await developments following the Trump–Xi summit.
See also: "Bitcoin ETFs Recorded the Largest Outflow in More Than 3 Months — Around $635 Million"
