Bitcoin’s price surged past $119,000 on Sunday, rebounding from two-week lows near $114,500 amid reduced trade tensions as the U.S. and China paused new tariff implementations [1]. The rally reignited discussions about whether Bitcoin (BTC) could break above key resistance levels, with analysts divided on its sustainability. Ted Pillows, a crypto investor, emphasized that a decisive move above $119.5K is critical for a bullish breakout, while others warned of potential retests of lower support zones [2]. Rekt Capital noted BTC’s successful closure above its recent range’s lower boundary, signaling a potential reentry into prior trading zones but cautioning that pullbacks to $114.5K–$113.6K could confirm the trend [3].

Market dynamics added complexity. CoinGlass data highlighted the $119,650 “max pain” point for short positions, where a push toward all-time highs of $123,000 could trigger over $1.1 billion in short liquidations [4]. Analyst TheKingfisher warned of heightened volatility due to heavy gamma short exposure, as dealers hedge positions, potentially amplifying price swings [5]. Meanwhile, Metaplanet, a Japanese investment firm, bolstered its BTC holdings by purchasing 780 coins at an average of $118,145, bringing its total to 17,132 BTC. The $92 million acquisition added to its $1.7 billion Bitcoin treasury, securing a spot as the seventh-largest corporate holder globally [6].

Metaplanet’s aggressive BTC strategy, which includes plans to leverage digital assets for acquiring cash-generating businesses, has driven its stock to a 246% year-to-date gain, making it Japan’s top-performing stock [7]. CEO Simon Gerovich described the approach as “Japan-native,” tailored to align with local regulatory frameworks and enabling tax-free Bitcoin exposure for investors [8]. The firm’s bold positioning has also attracted record trading volumes and a market cap exceeding ¥1 trillion, reflecting growing institutional confidence in crypto.

While U.S.-China trade pauses eased broader market pressures, Bitcoin’s near-term trajectory remains uncertain. Analysts like CrypNuevo highlighted the need for sustained momentum above $114.5K to validate the uptrend, emphasizing that order-book liquidity and prior liquidation zones pose risks of retesting support levels [9]. The interplay of macroeconomic factors, technical indicators, and corporate actions like Metaplanet’s purchases underscores the asset’s volatility and speculative allure.

Source: [1] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [2] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [3] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [4] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [5] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [6] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [7] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [8] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause] [9] [Bitcoin Rally Builds Amid US-China Tariff Pause] [https://coinpaper.com/10215/bitcoin-rally-builds-amid-us-china-tariff-pause]