Bitcoin is currently trading at $117,206 with a 16.2% daily gain. The RSI indicates overbought conditions, suggesting potential for a pullback. Recent price action shows support around $115,200 and resistance near $117,234.
Current Market Overview
BTC is trading at $117,206, up 16.2% in 24 hours. The price is above both the 20-day ($116,317) and 50-day ($116,289) moving averages, indicating short-term strength.
RSI Indicator Warning
The RSI reading of 71 suggests Bitcoin is overbought. This often precedes price corrections, so caution is advised when considering new buys at current levels.
Support and Resistance Levels
Key support levels are around $115,200-$115,300 based on recent local lows. Resistance sits near $117,234, which the price recently tested but hasn’t broken significantly above.
Trading Recommendation
Wait for a pullback to support levels before considering new positions. Current prices are near resistance with overbought conditions, making immediate buys risky.
Beginner Recommendations
Advice: hold
Buy Price: 115200 USDT
Sell Price: 117234 USDT
Key metrics
| Price | 117206.4700 USDT |
| 24h Change | 0.16% |
| RSI(14) | 71.33 |
| SMA20 / SMA50 | 116317.31 / 116288.66 |
| Daily Volatility | 1.13% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
