Bitcoin Soars as Government Shutdown Ends?!

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Key takeaways:

  • Bitcoin, that most enigmatic of assets, experienced a nocturnal resurgence, as if the very air of the market had been stirred by the faintest whisper of hope.

  • The market, ever the fickle lover, now gazes longingly toward the elusive $112,000, as though it were a distant, unattainable dream.

Bitcoin, that most capricious of creatures, leapt upward with the vigor of a man escaping a gilded cage, surging as much as 5% to breach the $106,000 threshold during the Asian trading hours on Monday. The bulls, with their insatiable hunger for profit, sought to exploit the sell liquidity, while the traders, ever the optimists, anticipated the imminent end of the US government’s self-inflicted torpor. 🚀

Will the US government reopen this week?

CryptoMoon Markets Pro and TradingView, those modern-day oracles, reported the BTC/USD pair trading at $106,438 on Bitstamp, a number that would make even the most stoic of economists raise an eyebrow. 🤔

On Sunday, the illustrious Donald Trump, that paragon of political theatrics, declared that most Americans would receive a $2,000 “dividend” from the tariff revenue, a move that sparked a late-weekend rebound as lively as a Russian ballroom. 🕺

This recovery, if it lasts, will likely continue this week, following the news that the US Senate, in a rare moment of unity, has struck a bipartisan deal to end the longest government shutdown in American history-a saga that has lasted 40 days, a period so long it could have seen the rise and fall of empires. 🌍

Odds on Kalshi, that curious platform of speculation, are similarly optimistic, estimating a 90% chance the government shutdown will end on Friday, a date so far removed from the present it might as well be the future. 🕰️

The end of the US government shutdown, when it comes, will free up billions in Treasury cash, a flood of liquidity that will inundate the market, much like a spring thaw in Siberia. 🌊

“It’s going to be an interesting week,” remarked the Bitcoin trader Daan Crypto Trades, whose words carried the weight of a thousand whispered rumors. “Government shutdown potentially close to ending,” he added, as if the very notion were a revelation. 🧠

“This would mean we’d see a boost back in liquidity and also get economic data like CPI and such soon.”

The last US government shutdown, a relic of Trump’s first term, saw Bitcoin rise over 265% from $3,550 to $13,000-a meteoric ascent that would make even the most jaded investor weep with joy. 🥺

🇺🇸 SENATORS JUST REACHED A DEAL TO END THE U.S GOVERNMENT SHUTDOWN.

LAST TIME #BITCOIN WENT PARABOLIC WHEN THIS HAPPENED 👀

– Vivek Sen (@Vivek4real_) November 10, 2025

Liquidity cluster sits above $112,000

Several traders, ever the gamblers, eye a potential upward liquidity grab, with ask orders building above $112,000, as if the number were a sacred scripture. 📖

CoinGlass, that vigilant observer of market tides, revealed that the price was nibbling at liquidity around $106,000, while the bulk of interest lay clustered above $112,000, a zone as tantalizing as a forbidden fruit. 🍒

The bulk of the liquidity, a veritable fortress, sits between $111,500 and $115,000. Should the $115,000 level be breached, it could spark a liquidation squeeze, forcing short sellers to close positions and driving prices toward $117,000, the next major liquidity cluster, a place where dreams are made and fortunes are lost. 💸

“BTC is at resistance, back testing the broken year-long trendline,” said analyst AlphaBTC, whose words were as cryptic as a riddle from a prophet. 🧙‍♂️

An accompanying chart showed an “obvious area to target is where the liquidity is resting above the early November consolidation” around $112,000, the analyst noted, as if the market itself were a puzzle to be solved. 🧩

“$110K-$112K is the area to watch if Bitcoin can push through $107K resistance.”

As CryptoMoon reported, Bitcoin’s bullish weekly close above the 50-week SMA increased the odds of BTC price reaching $112,000 or higher, a prospect that would make even the most skeptical investor ponder the possibility of miracles. 🙏

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2025-11-10 12:42