Bitcoin Price Today: BTC Signals Early Recovery as US Government Shutdown Ends—History Points to 50% Surge
Bitcoin is stabilizing near $103K, showing early recovery signs, with historical data suggesting a potential 50% surge following the end of a US government shutdown.Summary
Bitcoin (BTC) is currently trading around $103,911, up 3.30% in 24 hours, signaling an early recovery as it stabilizes near the $103K support level. Analysts suggest that the end of the US government shutdown could trigger a significant rebound, citing historical precedent where BTC rallied 50% in the three months following the 2018–2019 shutdown. Technical indicators, such as a rising channel formation noted by SatochiTrader and an upward cross in the US10Y*CN10Y Stochastic RSI observed by @AO_btc_analyst, support bullish momentum, with initial targets set at $105K and $110K. Furthermore, strengthening institutional flows into Bitcoin ETFs reinforce long-term demand, leading to cautious optimism that BTC may enter a significant bullish phase post-shutdown.
(Source：Brave New Coin)