Bitcoin Price Today: BTC Signals Early Recovery as US Government Shutdown Ends—History Points to 50% Surge
The post Bitcoin Price Today: BTC Signals Early Recovery as US Government Shutdown Ends—History Points to 50% Surge appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is showing early signs of recovery as the US government shutdown, now the longest in history, nears resolution. Traders are closely watching BTC around $103K as historical patterns and technical indicators suggest the cryptocurrency could be preparing for a significant rebound. Market sentiment is bolstered by macroeconomic signals and renewed institutional interest, hinting at potential upside over the coming weeks. Bitcoin Price Stabilizes Near $103K Bitcoin is currently trading around $103,911, up 3.30% over the past 24 hours, according to Brave New Coin data. The cryptocurrency remains below recent highs near $110K, but technical signals suggest that BTC may be forming a foundation for renewed upward momentum. Volume trends indicate growing accumulation around the $103K level, often a precursor to a broader rally. Bitcoin shows early signs of a new uptrend, building volume around $103K with $105K as the initial target. Source: SatochiTrader on TradingView Crypto analyst SatochiTrader highlighted that BTC has established a short-term higher low and is attempting to form a rising channel. “If Bitcoin maintains momentum and volume continues to rise, this could be the first stage of a new uptrend,” the analyst wrote, pointing to $105K as the first key resistance target and a potential move toward $110K later. Historical Shutdowns Hint at 50% Upside Market observers note that BTC has historically rebounded strongly following US government shutdowns. Analyst @AltcoinGordon pointed out: “The US government shutdown could end this week. Last time it ended, $BTC rallied 50% in just 3 months. Bears will be punished again.” Bitcoin could surge 50% as the US government shutdown nears its end, punishing the bears. Source: @AltcoinGordon via X During the 2018–2019 shutdown, BTC fell roughly 20% before climbing 50% in the next three months. While past performance is not a guarantee, these historical trends provide context for…
Filed under: News - @ November 6, 2025 6:26 am