Bitcoin price analysis (Bullish) — 113950.07 USDT (+1.48% 24h)

Bitcoin is currently trading at $113,950, showing modest strength with a 1.48% gain over the past 24 hours. The price is hovering just above the 20-day SMA at $113,925, indicating near-term support, while remaining well above the 50-day SMA at $112,759, which reinforces the bullish structure. The RSI at 59.4 suggests healthy momentum without being overbought, leaving room for further upside. Volume is robust at $1.81 billion, supporting the current price action. Given the low volatility of 1.64%, this could be a consolidation phase before the next leg up. My advice is to hold long positions with a stop below $112,700, and consider adding on any dip toward the $113,000 level. Watch for a break above $114,500 to confirm continuation toward $116,000.