Bitcoin Reclaims $115,000 as Market Sentiment Improves and Traders Eye $137,000 Target
Bitcoin has regained momentum after the recent market turbulence, climbing back above $115,000 on Monday.
The leading cryptocurrency rose over 3% in the past 24 hours, signaling renewed optimism among traders following last week’s steep selloff.
The recovery coincides with a rebound in the Crypto Fear & Greed Index, which jumped from “extreme fear” at 24 to 38 today – its sharpest single-day sentiment improvement in weeks. The shift suggests that confidence is returning to the market as Bitcoin stabilizes above key technical levels.
On the charts, Bitcoin’s daily RSI currently hovers near 59, showing moderate bullish momentum without signs of overbought conditions. The MACD also indicates a potential trend reversal, with the blue line approaching a bullish crossover. Traders see this as an encouraging setup that could pave the way for another upward push in the coming sessions.
Meanwhile, popular crypto analyst Crypto Rover reaffirmed his bullish stance, pointing to Fibonacci extension levels that project a possible climb to $137,000.
His analysis highlights $122,000 as the next resistance level before a potential rally toward the $137K mark – a scenario he described as “most definitely possible for Bitcoin.”
Despite the short-term volatility, Bitcoin’s fundamentals remain strong. Its market capitalization has reached roughly $2.3 trillion, with 24-hour trading volume exceeding $94 billion. The recent correction, many analysts argue, has created a healthier base for the next upward leg.
As investors shake off panic from the market crash and sentiment gradually improves, the stage may be set for Bitcoin’s next major breakout – one that could test the upper Fibonacci targets before year-end.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
