Bitcoin price prediction: BTC extends fifth day winning streak amid improving sentiment
Bitcoin price is advancing its winning streak on Monday, marking the fifth consecutive bullish session after breaking key resistance levels over the weekend.
As of the European session, the cryptocurrency trades near $115,700, posting over 1% daily gain and nearly 2% month-to-date gain. The latest upward movement follows a four-day sequence of strong closes that began last week, when Bitcoin climbed above $114,000 for the first time in days, clearing several important moving averages in the process.
- Bitcoin extends 5-day winning streak as technical breakout above EMAs strengthens bullish momentum.
- Golden crossover and easing selling pressure support the outlook for $120,000 short-term upside target.
- Fear and Greed Index shift from extreme fear to neutral, reinforces market confidence recovery.
Sunday’s advance proved decisive as Bitcoin surged through the 20, 50, and 100-day EMAs, all clustered between $112,000 and $114,000. The breakout not only neutralised the previous week’s bearish bias but also shifted the month-to-date performance from a net loss into positive territory. Today’s continuation of that move confirms that buying pressure has carried into the new week, suggesting that bulls are eyeing further expansion toward $118,000 and possibly $120,000 in the near term.

Bitcoin price dynamic (June - Oct 2025). Source: Tradingview
From a technical perspective, momentum indicators are aligned in favour of further upside. On the 4-hour chart, the 20 EMA has crossed above both the 50 and 100 EMAs, forming a golden crossover that often marks early signs of trend acceleration. Price structure analysis shows Bitcoin holding comfortably above last week’s resistance zone, which now acts as near-term support. As long as price sustains above that range, the market bias leans towards an extension of the ongoing uptrend.
BTC sentiment recovery strengthens as Fear and Greed Index rises to 42
Fundamentally, sentiment in the broader crypto market has improved noticeably. The Bitcoin Fear and Greed Index, which tracks emotional positioning among traders, has risen to 42 out of 100, shifting from “extreme fear” to “neutral.” This sentiment change reflects declining panic selling and renewed investor confidence after last week’s deep lows. Market data also shows that both spot and futures CVD readings have flattened for the first time since the sharp selloff on October 10, indicating that aggressive selling pressure has eased considerably.
This alignment between technical recovery and sentiment stabilisation suggests that a trend reversal is underway. The combination of four consecutive bullish closes, rising EMAs, and recovering sentiment points toward an early phase of renewed accumulation. Unless selling volume returns sharply, Bitcoin’s recent breakout above $114,000 could serve as the foundation for a broader advance targeting the $120,000 mark in the sessions ahead.
We discussed Bitcoin trading between $107,000 and $114,000 as options expiry kept traders cautious. Open interest hit $50B, showing balanced strength between bullish and bearish positioning.
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