important notes
- Analysts predict that Bitcoin could rise to $116,000 by late November due to a liquidity injection of up to $70 billion from the US government.
- Short-term analysis shows that BTC could initially fall to $104,000 before rebounding due to the CME gap and technical indicators.
- CrypNuevo has maintained a 100% win rate over the last 13 trades, making its predictions more reliable.
Bitcoin
BTC
106 $189
24 hour volatility:
1.6%
Market capitalization:
$2.12 trillion
Vol. 24 hours:
$7.265 billion
It could be preparing for the next bull market, which prominent analysts believe could occur by Thanksgiving and Black Friday at the end of November. However, this professional trader seems to believe that BTC is not out of the woods yet and could reconsider a price decline as the next step before this bullish move.
The analyst is CrypNuevo, a professional trader who boasts remarkable accuracy in public calls made on X and in open Telegram groups, with a 100% win rate on his last 13 trades, as reported by CoinSpeaker on October 27th in a previous analysis covered.
On Nov. 8, he explained his theory that the reopening of the U.S. government will inject “some interesting liquidity” into the market, which is already expected to happen “by Thanksgiving and Black Friday” on Nov. 27 and 28, respectively. According to CrypNuevo, this should push the price of Bitcoin higher, with other markets potentially receiving some of the liquidity from up to $70 billion in delayed payments.
In a post on X on Sunday, November 9th, the trader further reinforced this theory, warning that a resumption of trading could occur during the week before Thanksgiving, i.e. between November 17th and 20th. The price target is near a two-month high of $116,000, above the vast pool of liquidity the analyst has been targeting since the October 10-11 crash.
$BTC Sunday update:
The price has reached the target since last Sunday – a very interesting level:
1W50 EMA, October 10th longwick filled, range low, psychological level $100,000.
This is how we will trade next week.
🧵↓(1/7) pic.twitter.com/ICuEdeLEN4
— CrypNuevo 🔨 (@CrypNuevo) November 9, 2025
Bitcoin short-term price analysis before Thanksgiving rally
Nevertheless, more recent analysis has warned traders that Bitcoin is not out of the woods yet and the leading cryptocurrency could see its price drop again before the expected Thanksgiving rally.
This is due to, in the analyst’s words, “a small CME gap coinciding with the 1:50 EMA retest, range high, and Asian pump retrace.”
$BTC update:
Liquidation of $105.5k hit and extended to $106.5k resistance 🤝
Now consider the second move: Retrace > Continue.
A small CME gap at the confluence with the 1 hour 50 minute EMA retest, range high, and Asian pump retrace could send the price down to the low $1.04 million range. pic.twitter.com/nLPDFgRUrV
— CrypNuevo 🔨 (@CrypNuevo) November 10, 2025
The CME gap refers to the price difference between the closing price of Bitcoin futures on the Chicago Mercantile Exchange (CME) on Friday and the opening price when trading resumes on Sunday. It is often used as an indicator along with other leading indicators such as the 50-period exponential moving average, which is also mentioned in CrypNuevo’s analysis, and is hovering around the same level as the gap.
The confluence of all of this strengthens predictions for a price target as low as $104,000 before BTC moves higher to recover price losses from the unprecedented crash that liquidated more than $19 billion in mid-October.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
Vini Barbosa has been covering the crypto industry professionally since 2020, totaling over 10,000 hours of research, writing, and editing related content for media and key industry stakeholders. Vini is an active commentator and heavy user of this technology, and a true believer in its revolutionary potential. Interesting topics include blockchain, open source software, decentralized finance, and real-world utilities.
Vini Barbosa of X