Bitcoin price moved back toward $81,000 after briefly falling below the $80,000 level, as traders reacted to President Donald Trump’s state visit to China and a new round of macroeconomic pressure in global markets. BTC had dropped below $80,000 during recent volatility linked to hotter U.S. inflation data, but buyers returned near the lower end of its short-term range. The asset later stabilized around $80,700 to $81,000, keeping the $79,000 to $81,200 zone in focus for traders. The rebound came as markets assessed Trump’s meeting with Chinese President Xi Jinping in Beijing. The two-hour bilateral meeting marked the first visit by a sitting U.S. president to China in nearly a decade. Both leaders described the talks in positive terms, while policy disagreements over Taiwan, trade, technology access, energy and security remained part of the broader discussion. Donald Trump-Xi Meeting Supports Risk Sentiment Bitcoin’s recovery followed renewed attention on U.S.-China trade relations. Traders often watch high-level talks between Washington and Beijing because signs of reduced tension can support risk assets, including equities, technology stocks and crypto assets. Trump traveled with several senior business figures, including Tesla CEO Elon Musk, Apple CEO Tim Cook and Nvidia CEO Jensen Huang. The U.S. side is seeking wider market access for American companies and increased Chinese purchases of U.S. goods, including a possible large Boeing aircraft order. Source: White House The meeting also focused on the fragile trade truce reached in October 2025, after a period of sharply higher tariffs between the two countries. Any extension of that truce would be closely watched by markets because trade stability can affect global growth expectations and investor positioning. The Taiwan issue remained one of the most sensitive areas. President Xi reportedly warned that Taiwan remains China’s clearest red line. U.S. officials said Washington’s policy toward Taiwan was unchanged, though the official White House readout focused mainly on trade and security matters. Inflation and Iran Conflict Remain Market Risks Bitcoin’s move back above $81,000 came after a difficult macro period. U.S. inflation data showed the Consumer Price Index rising 3.8% year over year, while Producer Price Index data came in at 6% annually. The stronger inflation readings reduced expectations for near-term Federal Reserve rate cuts. Higher inflation can weigh on Bitcoin and other risk assets because it raises the chance that interest rates remain elevated for longer. However, Bitcoin’s drop below $80,000 was quickly absorbed, suggesting some buyers viewed the move as short-term weakness rather than a full breakdown. The U.S.-Iran conflict also remains a key factor in market positioning. Disruptions near the Strait of Hormuz have kept energy prices elevated and added pressure to inflation expectations. During the China visit, Trump reportedly sought Beijing’s help in pressing Iran toward a diplomatic agreement to reopen shipping routes. The White House said both sides agreed that the Strait of Hormuz should remain open to support the free flow of energy. Xi also expressed opposition to the militarization of the Strait and any effort to impose tolls on its use. China is a major buyer of Iranian oil, giving the issue added weight during the talks. Consequently, the White House said both countries agreed that Iran should not obtain nuclear weapons. Xi also expressed interest in buying more U.S. oil, which would reduce some reliance on Middle Eastern shipping lanes. Bitcoin Price Holds Key Support Near $79,000 Technically, Bitcoin remains inside a closely watched range. The $80,000 level is acting as a psychological support area, while the 50% retracement level near $78,962 remains an important floor for buyers. Some traders are watching an ascending channel that has guided Bitcoin’s movement since April 9. According to Ali Charts, the lower trendline sits near $79,000. Previous tests of the same rising support area in April led to rebounds toward the upper boundary of the channel. Source: X On April 13, Bitcoin rebounded from around $71,000 and moved toward $78,000. On April 30, BTC held near $75,000 before rallying toward the $82,900 area. If the current $79,000 support zone remains intact, traders may look for a move toward the channel top near $86,000. Resistance remains near the 200-day exponential moving average around $82,037 to $82,400. Veteran trader Peter Brandt has warned that Bitcoin has not confirmed a durable bottom and may still be moving inside a broader corrective channel. Liquidation data also shows a cluster of leveraged short positions between $82,000 and $88,000. A move above the 200-day average, supported by positive China summit developments or progress on the CLARITY Act, could force short covering.
