Bitcoin Aims For $107,000 After US Forecasts Turn Bullish

BitcoinBTCAs excitement over the US Government reopening takes hold, ) surges above $106,000 at the start of this week.

• Bitcoin has joined the risk assets that are gaining in value amid expectations of a US government shutdown ending this week.

• US inflation figures could be returned, revealing important information about future Fed policies.

• US President Donald Trump’s promise to give the majority of Americans $2,000 revives COVID’s enthusiasm for stimulus.

• Bitcoin derivatives traders are cautious with their bets, and show little enthusiasm for new highs.

• Bitcoin whales, consistent buyers throughout 2025.

BTC prices spike to $106 500

Bitcoin gave bulls hope with the closing price of the week, which was ultimately above $104,500.

The Data of Cointelegraph Markets Pro The following are some examples of how to get started: TradingView Also confirms BTC/USD preservation key nearby support trend line — its 50-week exponential moving average (EMA).

What’s a good weekly candle?

Are you ready for the green market week?

— Michaël van de Poppe (@CryptoMichNL) November 10, 2025

“Keep an eye on $GOLD & $BTC 4H trend,” Trader Skew told Followers in his most recent post on X.

The US shutdown is a major event that will affect the market’s sentiment. It has a significant impact on both cryptocurrency and risk assets.

Data collected from Monitoring Resource CoinGlass This shows how much liquidity is at risk, even with a small BTC change. The 24-hour crypto liquidations stood at $350 millions at the moment of writing.

CrypNuevo’s trader had a very clear idea when he was discussing the support and opposition levels.

“Another confluence is the short liquidation cluster at $105.5k. Price will likely target that zone,” The writer wrote in an X thread.

“Hitting the liquidations would likely add fuel to move price to $106.5k where there is an interesting resistance.”

Market participants were cautious, warning that the recent rise in prices to a local peak of $107,000 may be reversed.

$BTC so far so good.

I like the fact that volume is dropping & we just retested the long term weekly uptrend. https://t.co/VKHP4IcWLn pic.twitter.com/dKfgrvH3ci

— Roman (@Roman_Trading) November 10, 2025

CPI Week brought to focus due to shutdown talks

With talk of the US government shutdown coming to an end imminently, inflation data is back on the menu for the Federal Reserve — and risk-asset traders.

BREAKING NEWS: In a landmark vote, the US Senate voted 60-40 in favor of a bill to bring an end to the US shutdown.

— The Kobeissi Letter (@KobeissiLetter) November 10, 2025

On Thursday the Consumer Price Index print (CPI), along with preliminary jobless claims and Producer Price Index, will be released.

The absence of the shutdown would provide a key window into the state of the economy, including the impact of US trade tariffs.

They are currently under Supreme Court review, and any news about them may cause new volatility on the market.

“Amid the data blackout, the Fed is cutting rates and market volatility is returning,” Trading resource The Kobeissi Letter summarized Monday.

Kobeissi mentioned that he expects the Fed to continue to cut interest rates in 2025. According to data provided by CME Group, this meeting is expected to result in another 0.25 percent decrease. FedWatch Tool.

Mosaic Asset Company has argued that this current trend in the market could change. “most hated bull market ever.”

“While the impact of the government shutdown and speculation over its longevity is driving headlines, private sector data points to an economic backdrop that’s still supportive of the earnings outlook,” In the most recent edition of their regular newsletter they noted, “The Market Mosaic.”

Mosaic can also be used as a reference “excessive levels of fear,” As reported by a number of market sentiment indicators.

“If the stock market climbs a ‘wall of worry,’ then this recent leg of the stock market rally could be unprecedented in terms of investor fear relative to market gains,” Additions

Tariff “dividends” Relive COVID-19 with us

Bitcoin responded instantly to the comments made by Donald Trump, US president late on Sunday night after he pledged to pay $2000 to the majority of US Citizens.

In a recent article, it was disclosed that the payment is tied to Trump’s trade tariffs. post Truth Social.

“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” The statement is:

Kobeissi reacted quickly and compared the COVID-19 stimulus checks to this move.

“Stimulus checks are officially back,” You can also find out more about us here. wrote On X.

You can also read about the advantages of using Cointelegraph reported The repeated issuance of checks at that time sparked a bullish price movement in the crypto markets due to the implied impact they had on US money supply. Checks worth $1,200 from April 2020 which were invested in Bitcoin back then are now valued at around $20,000

The same could happen this time. analysts told Cointelegraph They were preparing for an event last week. “additional liquidity catalyst.”

The US as well as international liquid increases have buoyed the crypto bull case Throughout the entire year. Global broad money supply now stands at $142 trillion — a new record.

“Year-to-date, money supply has jumped +9.1%, driven by China and the US,” Kobeissi reportedDescription of the Supply “through the roof.”

In the meantime, as the US Supreme Court makes a decision about its legality, the fate of the US tariff plan is in doubt.

Option traders on alert

Bitcoin derivatives traders have “little trust in a bottom” Around $100,000 in open interest as a rebound.

Analysis of onchain analytics platform Glassnode The warnings are that “fear” Bitcoin remains the primary driving force in Bitcoin options markets.

Glassnode, who analyzed put-calls late last year, had no good news to report for bulls.

“Put–call volumes show little trust in a bottom. Put activity surged during the drop, then calls spiked as traders played the rebound near $100k,” The thread X is written in the text. 

“Even then, puts rose again, markets expect a retest and remain hedged.”

The data shows traders are not long-term minded when it comes Bitcoin. They even ignore the chances of a return to $120,000.

“Options data show the market remains in fear mode, with little confidence in a lasting bottom,” The thread is stressed

The open interest has started to creep up.

You can also read about the advantages of using Cointelegraph reportedBulls could end up having to wait longer for the price to stabilize and then stage their own rebound.

Standard for Bitcoin Whale Selling

Bitcoin Whales are the focus of the media during the BTC drop as traders become nervous due to the relentless sales.

Related: Bitcoin treasury bear market tipped to end as short seller backs off MSTR

You can also read about the advantages of using Cointelegraph reportedWhales have reduced their BTC exposure over the course of 2025. Whales sell over 1,000 BTC a day on average.

The picture is different when you zoom out. The “QuicktakeCryptoQuant, a blockchain analytics platform that published a blog post on Sunday, gave several reasons why it is bullish.

“Today, these early large holders can finally exit the market more easily, and it’s essential that this distribution phase takes place,” contributor Darkfost argued. 

“Now, if we zoom out and look at the bigger picture, whales are still accumulating in this cycle. Here we can see that the 1-Year Change in Whale Holdings has been increasing since 2023.”

The chart shows that the change of whale stocks has been positive for two consecutive years. 

Even in recent months, the trend has stabilized — pointing to a brighter outlook for prices.

“After a strong month of August, whale holdings dropped sharply from 398,000 BTC down to 185,000 BTC in October, just as BTC was breaking above $123,000. Since then, accumulation has resumed, and their holdings climbed back up to 294,000 BTC as of November 7,” The post continues. 

“So even though some whales seem to be exiting the market, we’re seeing new ones arrive, and existing players are continuing to accumulate as well.”

Bitcoin accumulator wallets added a giant 50,000 BTC BTC/USD has re-visited levels below $100,000.

“Over the medium to long term, a portion of whales are still increasing their exposure, and the current trend looks nothing like the distribution phase that unfolded at the end of the 2021 cycle,” Darkfost is concluded.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.