Bitcoin Eyes $112K as Traders Expect US Government To Reopen This Week.
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Key takeaways: Bitcoin price rebounded as traders expected the US government shutdown to end this week. Bitcoin market analysis sees a squeeze toward $112,000 after a bullish weekly close. Bitcoin (BTC) rebounded overnight, rising as much as 5% to trade above $106,000 during the Asian trading session on Monday as bulls targeted sell liquidity. Traders expected that the US government shutdown would end soon, lifting risk sentiment. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Will the US government reopen this week? Data from Cointelegraph Markets Pro and TradingView showed the BTC/USD pair trading at $106,438 on Bitstamp. On Sunday, US President Donald Trump announced that most Americans will receive a $2,000 “dividend” from the tariff revenue, sparking a late-weekend rebound. Related: Bitcoin treasury bear market tipped to end as short seller backs off MSTR This recovery is expected to continue this week following news that the US Senate has reached a bipartisan deal to end the longest government shutdown in American history, which has lasted 40 days so far. Following this news, prediction markets flipped sharply, with Polymarket bettors placing the odds of the government shutdown ending between Nov. 12 and Nov. 15 at 85%. Just 24 hours earlier, traders saw a 63% chance the shutdown would drag beyond Nov. 16 and into Thanksgiving. Probability targets of when US government shutdown will end. Source: Polymarket Odds on competitor platform Kalshi are similar, estimating a 90% chance the government shutdown will end on Friday, 44 days into the shutdown. The end of the US government shutdown will free up billions in Treasury cash, injecting the market with liquidity and boosting risk assets, such as Bitcoin. “It’s going to be an interesting week. Government shutdown potentially close to ending,” said Bitcoin trader Daan Crypto Trades in an X post on X, adding: “This would…
Filed under: News - @ November 10, 2025 10:20 pm