The post Analyst Sets Bitcoin Next Step Before Chasing Thanksgiving Rally appeared on BitcoinEthereumNews.com.

Key Notes Analyst predicts US government liquidity injection of up to $70 billion could push Bitcoin to $116K by late November. Short-term analysis suggests BTC may first dip to $104K due to CME gap and technical indicators before rallying. CrypNuevo maintains 100% win rate across 13 recent trades, lending credibility to the forecast. Bitcoin BTC $105 419 24h volatility: 1.0% Market cap: $2.11 T Vol. 24h: $74.15 B could be preparing itself for the next rally that a prominent analyst believes could happen by Thanksgiving and Black Friday, by the end of November. The professional trader, however, seems to believe BTC is not out of the woods yet and could revisit lower prices as a next step before this bullish move. The analyst is CrypNuevo, a professional trader with notable accuracy in his public calls, made on X and in an open Telegram group, who registered a 100% win rate in 13 recent trades, as Coinspeaker reported on Oct. 27, covering a previous analysis. On Nov. 8, he explained his thesis that the US Government reopening will inject “some interesting liquidity” into the market, which is expected to have already happened “by Thanksgiving and Black Friday,” on Nov. 27 and 28, respectively. This should push Bitcoin’s price to the upside, together with other markets that could receive part of the liquidity coming from the delayed payouts of up to $70 billion, according to CrypNuevo. In a post on X on Sunday, Nov. 9, the trader doubled down on this theory, warning that the reopening could happen in the week before Thanksgiving—between Nov. 17 and 20. The target is a two-month range high at around $116,000, with a massive liquidity pool above it that the analyst has been targeting since the Oct. 10-11 crash. $BTC Sunday update: Price reached our target…

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Filed under: News - @ November 10, 2025 7:27 pm