Bitcoin (BTC) price surged above $106,000 and gold (XAU) jumped nearly 2% today (Monday), November 10, 2025, as the U.S. Senate voted 60-40 to advance legislation ending the longest government shutdown in American history. The dual rally reflects dollar weakness and improved risk sentiment as eight Democratic senators agreed to a GOP funding deal, marking the 15th attempt by Senate Majority Leader John Thune to secure bipartisan support.

I am looking in this article for an answer to why Bitcoin and gold are surging today. I also provide a technical analysis of the BTC/USDT and XAU/USD charts, based on more than ten years of experience as an analyst and active retail investor.

Why Bitcoin Is Surging Today?

Bitcoin rocketed 4.38% to $106,274 in the 24 hours following the Senate breakthrough, with the cryptocurrency trading at $106,403.31 as of Monday morning, representing a 1.63% daily gain. The rally extended gains from weekend trading, pushing Bitcoin decisively above the psychological $100,000 level after multiple dips below that threshold during the prolonged shutdown.

The political resolution triggered sharp improvements across crypto markets. Ethereum surged over 7% to trade above $3,600, while XRP and Solana both advanced approximately 6%. Total cryptocurrency market capitalization added $156 billion in 24 hours, climbing to $3.57 trillion as long positions flooded back into the market. Bitcoin open interest increased by nearly $700 million, signaling aggressive position-building by traders anticipating further upside.

Markets reacted swiftly to the temporal correlation between legislative advancement and price movements. The Senate vote occurred Sunday, November 9, immediately sparking the crypto rebound after weeks of suppressed sentiment due to political gridlock and broader macroeconomic uncertainty. Bitcoin had tumbled into bear market territory last week, falling over 20% from its October record high of $126,080. The cryptocurrency remains more than 15% below that peak but has recovered strongly from recent lows near $100,000.

Crypto prices are up today. Source: CoinMarketCapc.om

Joel Kruger, crypto strategist at LMAX, noted: "The crypto market enters the week on a solid footing, with Bitcoin closing last week above its 50-week moving average and reaffirming the broader uptrend that has defined much of this year. The mid-week dip we discussed proved to be another buying opportunity rather than the start of any meaningful correction, with price support at key technical levels attracting renewed demand across digital assets."

Why Gold Price Is Going Up Today?

Gold prices rallied nearly 2% on Monday, rebounding almost $80 per ounce to reach $4,085 as the Senate shutdown vote pressured the U.S. dollar. According to my technical analysis of the gold chart, XAU/USD is capitalizing on support just below the $4,000 level, additionally reinforced by the 50-day exponential moving average, and now has room to appreciate toward the historical highs tested in October around $4,400 per ounce.

The only scenario that would contradict this bullish outlook would be a breakdown of current support, which would open the path to deeper correction toward the $3,400 level where the 200 EMA also runs.

The dual rally in both Bitcoin and gold represents a rare market phenomenon where traditional safe havens and risk assets advance simultaneously. This reflects the unique dynamics of the shutdown resolution, removing political uncertainty (boosting risk assets) while simultaneously weakening the dollar (supporting safe havens).

Why gold is going up today? Source: tradingview.com

In my previous gold price analysis, I forecasted that the metal can jump to over $5,000 in the longer term.

Chris Turner, ING analyst, observed: "Risk assets have been helped over the weekend by news that a group of moderate Democrat senators are softening their stance on the US government shutdown. There is still a long way to go here, but we should know over the next couple of days whether the current compromise bill has legs."

Turner noted that developments "hint at a path to ending the US government shutdown," explaining that "the prospect of massive flight delays around Thanksgiving and the delay in food aid payments has prompted a group of moderate Democrats to back a proposed compromise bill in the Senate."

Dollar Weakness Drives Precious Metals

FX markets responded by pushing the risk-sensitive Australian dollar close to 0.5% higher, while USD/JPY climbed over 154 as the yen served as funding currency for risk trades. Turner explained: "While some might argue that the end of the shutdown could be a risk-on, dollar-negative impulse for the FX markets, its impact may be more mixed."

The dollar weakness stems from the shutdown resolution enabling federal spending to resume, potentially increasing fiscal concerns that traditionally support gold. Additionally, political stability allows the Federal Reserve to maintain its dovish trajectory, with December rate cut probability still above 64%. Lower rates reduce the opportunity cost of holding non-yielding gold while typically weakening the dollar—a double benefit for precious metals.

Bitcoin Technical Analysis: Testing Critical Resistance

According to my technical analysis, Bitcoin's price is rising 1.7% on Monday and testing session highs at $106,670 on Binance exchange, adding to Sunday's gains and producing a 4% advance over the past 24 hours. As visible on the chart, price is bouncing from the lower boundary of the consolidation drawn continuously since May, coinciding with psychological support at $100,000 and the 50% Fibonacci retracement.

Currently, price is stalling at the resistance zone around 106,000-108,000 dollars, supported by the 38.2% Fibonacci retracement and 200 EMA. From my analysis, this zone may determine the future direction within the current consolidation pattern.

If Bitcoin breaks above the grid of 50 and 200 EMAs and current resistance, it will open the path to retesting the October all-time high around $126,000. If it fails to overcome this resistance, risk increases for a move back below $100,000, falling ultimately to $74,000. The cryptocurrency is currently trading at $106,403.31, still below its 50-day moving average of $112,050 but showing strong recovery momentum.

Bitcoin price technical analysis. Source: Tradingview.com

Joel Kruger emphasized: "Momentum has since spilled over into Ethereum and the broader altcoin complex, reinforcing the view that the market remains well-anchored within a strong medium-term bullish structure. This resilience comes against a macro backdrop that is once again turning supportive."

What Happens Next?

The Senate bill now moves to a full floor vote in coming days, followed by House consideration. Market observers assign high probability to passage, with prediction market Myriad showing over 90% chance the government closure ends before November 15—up from 37% just 24 hours earlier.

For Bitcoin, according to my technical analysis, breaking decisively above the 106,000-108,000 resistance zone would open the path toward retesting October's $126,000 all-time high. Failure to overcome this resistance increases the risk of retreat below $100,000, though most analysts view the technical and fundamental backdrop as supportive.

Gold faces resistance at historical highs around $4,400 per ounce. According to my analysis, support is holding at the critical $4,000 level reinforced by the 50 EMA. Dollar weakness from resumed government spending and Fed dovishness should provide tailwinds for further precious metals appreciation.

Turner cautioned: "If last week's 100.36 high in DXY is to prove significant, it should not really be making it back above the 99.90/100.00 area now." This suggests dollar downside may be limited, potentially capping gold's immediate upside while still supporting the broader bullish trend.

The coming 48 hours in Congress will determine whether the shutdown compromise "has legs," with markets positioned for positive resolution but prepared for continued volatility if the deal falters.

Before you leave, I encourage you to also check my earlier analyses and forecasts on gold and Bitcoin:

Bitcoin and Gold Price Analysis FAQ

Why is Bitcoin going up today?

Bitcoin is surging 4.38% to $106,274 on Monday, November 10, 2025, primarily due to the U.S. Senate's 60-40 vote advancing legislation to end the historic 40-day government shutdown. The cryptocurrency bounced from support at the psychological $100,000 level after eight Democratic senators agreed to a GOP funding deal, removing political uncertainty that had weighed on risk assets.

Why is gold rising today?

Gold rallied nearly 2% on Monday, rebounding almost $80 per ounce to reach $4,085, as the Senate shutdown vote pressured the U.S. dollar. The precious metal is benefiting from dollar weakness stemming from expectations that resumed government spending will increase fiscal concerns, while political stability allows the Federal Reserve to maintain its dovish trajectory with December rate cut probability above 64%.

What is Bitcoin price prediction for November 2025?

Bitcoin price forecasts for November 2025 vary significantly across analysts. Changelly predicts Bitcoin could reach $129,042 by November 13, representing a 26% gain from current levels. CoinCodex forecasts BTC will rise 4.48% to $127,142 by November 17 if it reaches upper price targets, with technical indicators currently showing bearish sentiment despite the recent rally.

What is gold price prediction for 2025-2026?

Major institutions forecast gold between $4,200-$5,000 per ounce by late 2026. UBS projects gold reaching $4,200 as the next baseline target, with an upside scenario of $4,700 by Q1 2026 if geopolitical risks intensify. Goldman Sachs forecasts $5,055 by Q4 2026, while Bank of America targets $5,000 (averaging $4,400 for the full year). ING expects more conservative near-term targets of $4,000 for Q4 2025 and $4,100 for Q1 2026, with further upside through 2026.

How high can Bitcoin go?

Industry experts project Bitcoin could reach $180,000-$200,000 during 2025, according to forecasts compiled by CNBC. Youwei Yang, chief economist at Bit Mining, predicts Bitcoin's price will range between $180,000 and $190,000 in 2025, though he warns of potential corrections to around $80,000 during market shocks.

What are the risks to Bitcoin and gold rallies?

For Bitcoin, primary risks include failure to break above the $106,000-$108,000 resistance zone (which would increase probability of retreat below $100,000), Federal Reserve speakers signaling slower pace of rate cuts (December cut probability has dropped to 64%), and potential for corrections to $80,000 during major market shocks according to analyst warnings.