Bitcoin Above $105,000: Could the US Senate’s Government Reopen Bill Spark the Next Bull Run?

Bitcoin just punched back through $105000, and honestly, the timing is wild. The US Senate finally passed a bill late Monday to get the government running again after what turned out to be the longest shutdown we’ve ever seen. Naturally, crypto Twitter is losing its mind. Everyone wants to know the same thing: Is this the catalyst we’ve been waiting for?

Why This Senate Bill Actually Matters

So here’s the deal. Late Monday, lawmakers did something pretty rare these days: they actually agreed on something. This bipartisan funding bill gets federal operations back online and, more importantly for us, unfreezes the regulatory machinery that’s been gathering dust.

You might be thinking, “Cool, but why should I care?” Well, the shutdown basically put the SEC and CFTC in suspended animation. These are the two agencies calling the shots on digital assets. All those spot Bitcoin and Ethereum ETF applications? Just sitting there. Nobody reviewing them, nobody approving them, nobody doing anything. Now that the lights are back on, those wheels can start turning again. More regulatory clarity usually means more institutional money feeling comfortable enough to jump in.

The market’s reaction was pretty telling. Bitcoin spiked toward $106,000 almost immediately after the news broke. Wall Street and crypto traders both seemed to exhale at the same time. We’re not talking about a massive breakout here, but it’s definitely got people paying attention again.

The Technical Picture Right Now

From a chart perspective, Bitcoin’s holding up reasonably well, though we’re not exactly in the clear yet. We’re consolidating just above $105,000, with what looks like pretty strong support building between $104,700 and $105,700. Multiple analysts are pointing to this zone, it’s loaded with buy orders and open interest, which historically tends to act as rocket fuel when things get moving.

We’ve been tracking a setup since early November that’s still very much in play:

• Entry long above $102,100 with a stop at $98,700
• Primary target: $107,500
• Critical decision zone: $107,300 – this is where we’ll know if the bulls are really in control or if we’re about to see a reversal

Bitcoin’s currently sitting comfortably above that old resistance at $102,100, which has now flipped to support (always a good sign). If we can punch through $107,500 and actually hold it, there’s a real chance we see another leg higher. The institutional money keeps trickling in, and there’s surprisingly consistent demand around these six-figure levels.

Could This Really Kick Off Another Bull Run?

Maybe. But let’s not get ahead of ourselves.

The bull case is pretty straightforward. The government’s back, which means financial operations return to normal. ETF applications get reviewed. Uncertainty evaporates. And when fear goes down, risk appetite usually goes up – Bitcoin tends to thrive in that environment.

There’s another angle here, too. Think about all the cash that’s been parked on the sidelines during this mess. Once that money starts moving again, at least some of it is going to find its way into crypto. You’ve got Bitcoin above $105000, holding strong, regulatory clarity improving, and sidelined capital looking for opportunities. That’s a pretty compelling setup.

But let’s pump the brakes for a second. The Senate passed this thing, sure, but it still needs to clear the House. If that turns into another political circus, this positive momentum could evaporate pretty quickly. And we can’t ignore the bigger picture: the Fed’s still hawkish, rates are still elevated, and that’s not exactly a friendly environment for risk assets.

Here’s another reality check: Bitcoin in 2025 isn’t the same beast it was back in the day. Remember 2019? After that government shutdown ended, Bitcoin went on an absolute tear – up 300% in five months. But that was a different market. These days, we’ve got institutional players, ETFs, and a lot more maturity. The days of vertical parabolic moves might be behind us. A steady grind higher seems way more likely than another moonshot.

What I’m Watching Next

Here’s what actually matters in the short term:

Breaking $107,500: This is the line in the sand. If Bitcoin closes above this level and holds it, the bulls are driving the bus. Simple as that.

Holding $102,000: If we lose this support zone, things could get ugly fast. We’d probably see a deeper correction.

Macro headlines: House votes, anything Powell says, jobs numbers, inflation data, all of it feeds into whether traders want to take on risk or run for cover.

Where the big money’s going: ETF flows and whale wallet activity tell you a lot about what the smart money thinks. When the big players start accumulating again, that’s usually your signal.

Final Thoughts

Bitcoin trading above $105000 right now isn’t just about the number. It’s about what that number represents, given everything that’s happening. Washington’s finally functional again, the regulatory fog is lifting, and the technical setup looks pretty solid. Could we be at the start of something?

As of right now, Bitcoin’s sitting at $105,300, and based on how the technical setup is shaping up along with this renewed regulatory momentum, we’re feeling pretty confident about a move to $110,000 in the near term. If this momentum continues building through 2025, some analysts are even eyeing $155k by year-end—though that’s obviously a more aggressive projection.

While the Senate bill does not promise anything, it does remove one of the significant hurdles weighing sentiment. If Bitcoin can establish $107,500 as solid support and the macro environment is conducive, we might really be just in the early stages of another meaningful move up.

That said, let’s stay realistic. This market’s evolved. It’s more sophisticated, more regulated, and a lot less prone to the insane volatility we used to see. Volatility cuts both ways now. Most traders I talk to are cautiously optimistic; they want to see this political win actually translate into sustained momentum before they start making bold calls.

If it does? Well, the next leg of this bull market might be just getting started.

Disclaimer:

The information in this article is for educational and informational purposes only. It should not be taken as financial or investment advice. Cryptocurrency investments carry significant risk. Always do your own research before making financial decisions.

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