Bitcoin has surged again, nearing the $120,000 mark, as volatility returns just ahead of the weekly close. Key trading levels are in focus, particularly with the price bouncing back from a two-week low of $114,500. Analysts suggest that for Bitcoin to continue its upward trajectory, it must break above the $119.5K level. The recent uptick is attributed to news of the US and China pausing the introduction of reciprocal trade tariffs, allowing traders to focus on next week's market behavior. Popular traders have pinpointed various resistance levels to watch, warning that a downside move could target around $113.8K. The expectation of increased price swings is underscored by a high concentration of short liquidations around $119,000 to $120,000. As traders hedge against potential volatility, analysts recommend closely monitoring price shifts for further gains or retracements.

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