Bitcoin Poised for $112K Move as US Shutdown Winds Down

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The reopening of the US government could fuel Bitcoin price recovery, as exchange order-book liquidity placed $112,000 on top of the list for bulls.

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 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. 

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