Bitcoin price prediction: BTC sentiment turns positive after 5-day range breakout

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Sholanke Dele

10.11.2025

Bitcoin price prediction: BTC sentiment turns positive after 5-day range breakout — Bitcoin breaks $105,000 range

Bitcoin price advanced on Monday after breaking out of a five-day consolidation range, lifting market sentiment from the early November decline. The coin traded near $106,700 in the European session, up 2% from today’s open at $104,600. The move followed a period of indecision that had kept price trapped between $99,000 and $105,000 since mid-last week as bulls attempted to defend the $100,000 psychological level against persistent selling pressure.

- Bitcoin breaks $105,000 range, narrowing November losses, a sign of renewed bullish interest.

- Rising volume and open interest confirm broader trader participation behind today’s breakout.

- BTC faces 100 EMA resistance at $106,700 as the market tests upside continuation potential.

The breakout marks a shift in short-term sentiment after the previous range showed stabilization through lower trading volumes. During the five-day consolidation, daily turnover steadily declined, suggesting that sellers were closing short positions and locking in profits rather than initiating new bearish bets. The return of volume in today’s session confirmed renewed participation from both spot buyers and derivative traders.

Bitcoin price dynamics (Oct - Nov 2025). Source: Tradingview

Data from market trackers show that open interest in Bitcoin futures has risen alongside today’s breakout, while the long-to-short ratio declined from 2.5 to 2.0. This combination indicates that new positions entering the market are more evenly distributed between longs and shorts, reflecting an increase in active speculation rather than one-sided positioning. The broader interpretation suggests that traders are preparing for higher volatility, and that the current breakout may attract further participation as key resistance levels come into view.

Bitcoin 100 EMA resistance at $106,700 critical to opposing upside momentum

At the current price, Bitcoin’s November loss has narrowed sharply from over 8% at last week’s low near $99,000 to just 1.6%. The improvement highlights stronger dip-buying interest at the lower boundary of the recent range, where buyers stepped in to absorb supply from long-term holders taking profits. The reaction also reflects improving sentiment toward risk assets as macro uncertainty around interest rates begins to ease.

Technically, the 4-hour chart shows Bitcoin testing the 100 EMA resistance at $106,700. A close above this level would expose the next barrier near the daily 20 EMA at $107,300, where stronger resistance may develop. Failure to sustain above these levels could see price retest the breakout zone around $105,000 before further upside attempts.

Overall, the improving volume profile, stabilized on-chain behavior, and narrowing monthly losses suggest that Bitcoin’s correction phase is showing signs of exhaustion. Though, confirmation will depend on how price reacts to resistance near the 100 and 20 EMA levels in the coming sessions.

We discussed how Bitcoin consolidated near $100,000 after a volatile week of swings. Weak volume and deeper short-term holder losses kept its rebound vulnerable.

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