Bitcoin reclaimed the $80,000 level before last week’s candle closed, but there’s still a lot of uncertainty in the markets. Major headlines—especially those related to the ongoing trade war between the US and China—could increase volatility.

Tariffs have been the main driver of volatility in the markets over the past few weeks. Any mention of tariffs has caused the markets to move in either direction. The key headline to watch in the coming weeks, as the trade war continues to unfold, is how China responds. This will be the primary focus for traders, as it’s what most are paying attention to.

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Weekly Chart

When it comes to the weekly chart, there are a few key levels I would monitor to help paint the bigger picture. As I’ve discussed in previous write-ups, the main level for Bitcoin to find support is the prior swing low, which sits around $76,000–$78,000.

Last week, we saw a retest of that level, and buyers stepped in, resulting in a strong weekly close back inside the trading range.

This is a great start to see potential upside, but the key word to remember is continuation. Bitcoin had a strong reaction, but without continuation or clean follow-through, it doesn’t mean much for traders.

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Daily Chart

Zooming into the daily chart, we can see our levels in more detail. Looking at the range low, we saw how price initially found support at that level before breaking below, retesting it, and continuing lower.

This is a level you’ll want to monitor, as past price action has shown rejection around the low 90Ks. While this doesn’t guarantee that price will reject at this level again, it’s important to observe how price behaves there and what unfolds.

The daily structure is still technically semi-bearish, as the market has yet to make a clear higher high. The bullish case for Bitcoin would be to hold above $76,000, with last week marking a significant low that could start a potential move back up toward the range lows.

From there, depending on how price reacts—since pullbacks are likely—the key will be whether the market forms a higher low, which would provide confirmation of a potential trend shift and a move back toward all-time highs.