Sentiment: Bullish
Bitcoin continues its impressive rally, pushing past the $125,000 psychological level with a solid 2.1% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($122,829) and 50-day SMA ($122,137), indicating strong underlying momentum. However, caution is warranted as the RSI reading of 82.18 signals severely overbought conditions, suggesting a potential near-term pullback. Trading volume remains robust at $1.96 billion, supporting the current price action, while volatility remains elevated at 1.58%. Traders should consider taking partial profits at these levels while maintaining core positions. For new entries, waiting for a healthy retracement toward the $122,800-$123,200 support zone would provide better risk-reward opportunities. Stop losses should be placed below $121,500 to protect against any sharp reversal.
Key Metrics
Price | 125000.0000 USDT |
24h Change | 2.10% |
24h Volume | 1962823765.42 |
RSI(14) | 82.18 |
SMA20 / SMA50 | 122829.46 / 122137.17 |
Daily Volatility | 1.58% |
Bitcoin — 1h candles, 7D window (SMA20/SMA50, RSI).