Bitcoin Holds Key Support as U.S. Senate Moves to End Government Shutdown — Analysts Eye $110K Next.

Bitcoin ($BTC) trades at $106,140 after the U.S. Senate voted 60–40 to advance a bill ending the government shutdown. The cryptocurrency gained 3.68% in 24 hours, recovering after briefly dipping below $100,000 for the first time since June.

President Donald Trump confirmed the progress during a press briefing, stating the shutdown appears close to ending.

🚨BREAKING: 🇺🇸 President Trump just said it looks like we’re getting very close to the shutdown ending. pic.twitter.com/kRENi1Z3rK

— Ash Crypto (@AshCrypto) November 10, 2025

The bipartisan agreement was brokered by Senators Angus King, Jeanne Shaheen, and Maggie Hassan alongside GOP members.

Bitcoin has also closed the week above the 50-week EMA, a key bull market support level historically preceding new all-time highs. The asset now consolidates between $100K and $107K as ETF flows stabilize.

Liquidity Returns as Fiscal Taps Reopen

The Treasury General Account balance sits near $953 billion. Once government operations resume, Treasury spending will inject this liquidity into the economy as the Fed prepares to end Quantitative Tightening in December.

Historical patterns show risk-on assets like Bitcoin rally sharply when TGA spending aligns with Fed easing. The SEC and legislative operations returning to normal means altcoin ETF applications could advance and pro-crypto bills may pass.

Strategy (formerly MicroStrategy) continues aggressive Bitcoin accumulation.

The firm recently acquired 487 BTC for $49.9 million to expand its total BTC stash to 641,692 $BTC acquired for ~$47.54 billion.

Michael Saylor’s latest “Buy Now” tweet paired with fresh on-chain purchases via Saylor Tracker further reinforces his bullish conviction.

🚀 UPDATE: MICHAEL SAYLOR SHARES THE SAYLOR TRACKER, HINTING AT BUYING MORE BITCOIN. pic.twitter.com/Wvvc7zvKH8

— Coinwaft (@coinwaft) November 10, 2025

Aside whale and institutional bid, this week features a line-up of critical macro catalysts expected to impact the price of Bitcoin.

As of today, the government shutdown is projected to end this Thursday or Friday.

Tuesday is expected to deliver the FOMC rate cut decision. Wednesday will see Fed liquidity injections totaling $1.5 trillion.

Thursday brings S&P 500 earnings reports which always come with volatility.

Friday features the crypto legalization bill signing and Saturday’s tariff deadline could impact the dollar and global capital flows.

Market Sentiment Shifts Toward $116,500 Retest

Crypto trader @TGWCapital_ noted Bitcoin returned to its previous range, opening the door to test $116,500. Resistance sits at $110K–$111K and may require multiple attempts to break.

BitEagle highlighted Bitcoin dominance closing another weekly candle below the EMA-50. Historically, this signals the potential start of altseason as capital rotates into alternative cryptocurrencies.

Analyst Rekt Capital emphasized downside wicking below the 50-week EMA remains acceptable as long as weekly closes stay above this level. This would mark the first low in a cluster of lower lows, creating a healthy setup.

Some analysts express caution. The monthly LMACD cross suggests this cycle might be nearing its end. However, broader sentiment remains bullish given the liquidity and policy backdrop.

Momentum indicators suggest the market is resetting for a potential breakout mid-to-late week. Bitcoin’s price rebound follows a brief dip that tested psychological support at $100,000.

Bitcoin Technical Analysis: Consolidation Pattern Points to $110K Test.

Bitcoin trades at $106,293 within a well-defined consolidation structure. The chart shows four fake breakouts at the $110K-$113K resistance zone, indicating strong overhead supply but also accumulation behavior.

Critical support sits at $100,600-$101,200, marked as the make-or-break level. This zone has provided multiple bounces and represents the gateway to either continuation or correction.

Immediate resistance appears at $107K-$108K, followed by stronger resistance at $110K-$113K. A confirmed break above $110K targets $115K-$120K, aligning with the bullish case.

The 3-hour chart displays a classic consolidation pattern after breaking from an ascending channel. Price action shows decreasing volatility, typically preceding directional moves.

Volume at 147,000 BTC suggests accumulation during consolidation. The pattern favors a breakout attempt as liquidity returns to markets with the government shutdown ending.

Bitcoin maintains a bullish structure above critical support levels. A hold above $105K with a break past $110K opens the path toward analyst targets at $116,500.