Bitcoin price prediction: BTC extends 3-day rebound, trims monthly loss by over 2%

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Sholanke Dele

20.10.2025

Bitcoin price prediction: BTC extends 3-day rebound, trims monthly loss by over 2% — BTC recovery extends 3 days

Bitcoin price began the new week on a strong note, extending its recovery from last week’s 4-month low.

During the past two weeks, the cryptocurrency fell sharply from its all-time high at $126,300 to as low as $103,300, an 18% correction that raised concern across the market. However, the weekend marked a shift in momentum as dip-buyers returned to the market, setting the tone for the new week.

- BTC recovery extends 3 days, lifting price above descending channel and trimming monthly losses.

- RSI improving on lower timeframes while daily chart awaits confirmation of broader reversal.

- Rising open interest suggests speculative buildup as buying volume continues to weaken slightly.

As of Monday, October 10, Bitcoin opened the day at $108,640 and advanced over 2% to trade near $111,300 in the European session. The rise represents the third consecutive daily gain and confirms the continuation of the weekend rebound. Technically, the recovery has pushed Bitcoin above the descending channel that contained last week’s decline, signaling a potential shift from short-term bearish pressure to renewed upward momentum. The breakout is also helping the asset recover its month-to-date performance, trimming the monthly loss to 2.67% from last week’s 9% deficit.

Bitcoin price dynamic (Sept - Oct 2025). Source: Tradingview

However, a closer look at the hourly chart reveals some mixed signals. While the recent move higher has produced a golden crossover between the 20 and 100 EMAs, suggesting short-term bullish strength, participation volume has been declining. This weakening participation, coupled with a falling long-to-short ratio below recent averages, hints at reduced conviction among buyers. Meanwhile, open interest has been rising alongside price, implying that new positions are being added, potentially from speculative traders betting on short-term volatility rather than sustainable accumulation.

Bitcoin RSI rise signals momentum shift, but daily RSI yet to confirm reversal

For the ongoing recovery to evolve into a broader uptrend, Bitcoin must overcome key resistance levels on the daily timeframe. The 20 and 100-day EMAs are now converging near $113,000, creating the first technical barrier. The next significant level sits around the 50-day EMA near $114,400, which also aligns with the month’s opening price. A decisive break above this cluster could shift the bias to bullish and allow the month-to-date performance to swing into positive territory.

Momentum indicators provide some optimism. The 4-hour RSI has entered bullish territory, reflecting improving short-term momentum, though the daily RSI is still in bearish territory and yet to confirm a trend reversal. If the daily RSI continues rising toward neutral levels and price sustains above $111,000, Bitcoin may soon attempt another leg higher toward $114,400. Conversely, failure to hold above $108,000 could expose the market to renewed pressure toward $105,000 before stronger demand re-emerges.

Recently, we discussed Bitcoin extending its decline to $107,000 as ETF inflows slowed and sellers kept control. Fed rate-cut expectations could revive BTC bullish momentum toward the $150,000 mark in 2026.

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