Bitcoin is trading near key moving averages with neutral momentum. Recent price action shows consolidation between support and resistance levels.
Current Market Overview
BTC is trading at $112,769, slightly above its 20-day and 50-day moving averages. The RSI at 49 indicates neutral momentum, neither overbought nor oversold.
Price Action Analysis
Recent hours show BTC bouncing between $111,655 (support) and $113,134 (resistance). The price is consolidating after a small 1.7% drop in 24 hours.
Trading Strategy
Consider buying near support levels around $111,655 for potential upside. Sell near resistance at $113,134 to lock in profits. Always use stop-loss orders.
Risk Management
Volatility is moderate. Only invest what you can afford to lose. Cryptocurrency prices can change rapidly, so set clear entry and exit points.
Beginner Recommendations
Advice: hold
Buy Price: 111655.29 USDT
Sell Price: 113133.84 USDT
Key metrics
| Price | 112769.0300 USDT |
| 24h Change | -0.02% |
| RSI(14) | 49.34 |
| SMA20 / SMA50 | 112348.55 / 112554.95 |
| Daily Volatility | 1.10% |
| 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.
