Bitcoin is maintaining its upward move, trading near recent highs as investors note a packed calendar of events that could bring new uptrends into crypto assets this week.
📊Today’s #BIT Daily Chart – May 11, 2026 ⬇️
Three Potential Catalysts Could Keep Bitcoin Moving Higher This Week#BIT #Bitcoin #DigitalAssets #CryptoRegulation #MarketOutlook pic.twitter.com/6KRzdbPthN
— BIT Official (@BITofficial_EN) May 11, 2026
Will the US–China trade talks impact Bitcoin’s next major move?
China has confirmed that Donald Trump will visit Beijing from May 13–15, 2026, to meet Xi Jinping, marking the first US presidential visit to China in nearly a decade.
The meeting comes amid ongoing US–China trade tensions, after years of escalating tariffs that at one point exceeded 100%. Despite a temporary truce, both sides still maintain pressure through tariffs and restrictions. The visit is seen as a test for stabilizing relations and may also involve major US corporate executives exploring potential deals in China.
Markets will also watch closely for the potential confirmation of Kevin Warsh as the next Federal Reserve Chair, ahead of his formal start on Friday. A smooth transition at the Fed could reinforce expectations of policy continuity, providing a supportive backup for cryptocurrency assets.
On Thursday, any progress on the CLARITY Act could mark another step toward resolving long-standing regulatory uncertainty in crypto, particularly welcomed by institutional players seeking predictable rules of engagement.
What are technical indicators saying?
Weekly charts show Bitcoin staying above moving averages. The Relative Strength Index has also moved down from overbought levels, which often leaves room for more price gains.
At the same time, market conditions are improving. Regulatory updates and easing trade tensions are adding support, which could help Bitcoin move toward higher levels in the short term. Even with this positive setup, traders are still careful. News events can still cause sharp price swings. Overall, sentiment is slightly positive. Bitcoin may continue to gain if upcoming developments play out as expected.
Meanwhile, Bitcoin traded just below $77,000 during Asian hours on Wednesday, showing limited movement amid rising geopolitical tensions over the Strait of Hormuz. The world’s largest cryptocurrency edged up 0.1% over 24 hours but remained down 0.8% on the week, reflecting a cautious market tone.
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